Pension Scheme Update

18 April 2024

CEPS PLC

 ("CEPS" or the "Company")

Pension Scheme Update

Further to the announcement made on 5 February 2024, the Company received a payment on account on 17 April 2024 amounting to £345,000 in relation to the surplus from the wind-up of the Company's defined benefit scheme (Dinkie Heel plc Retirement Benefits Scheme ("the Scheme")).

The total surplus net of tax at 25% was estimated to be £402,815.  This amount is subject to final deductions for professional fees and other costs.  A further announcement will be made when the final payment is received.    

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

Enquiries

Caution regarding forward looking statements

Certain statements in this announcement, are, or may be deemed to be, forward looking statements.  Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions.  These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities.  Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.