17 June 2024

CEPS PLC

 ("CEPS" or the "Company")

Retirement of a Non-Executive Director and repayment of a Director's loan

Retirement of a Non-Executive Director

The Board of CEPS will announce at the Annual General Meeting to be held at 11.30 a.m. today that Geoff Martin will be retiring as a Non-Executive Director with immediate effect.  Geoff joined CEPS in 1981 and was appointed Finance Director in 1986.  He retired as Finance Director on 28 February 2010 and became a Non-Executive Director with effect from 1 March 2010.  The Directors would like to thank Geoff for his significant contribution during his time at CEPS and wish him well for his retirement.

The Company is in advanced talks with his replacement and intends to announce the details in due course.    

Repayment of a Director's loan

In accordance with the terms of the loan agreement with David Horner, a director of the Company, the balance of the loan from him to the Company will be repaid today.  As announced on 17 September 2021, the quantum of the loan facility remaining between David Horner and the Company is £191,924.

The Directors of the Company accept responsibility for the content of this announcement.

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