Business
Publication of Circular & Notice of GM
Publication of Circular & Notice of GM.
About this update from Ceps Plc
[{"type":"text","content":"\n \nRNS Number : 1625E CEPS PLC 08 May 2013 \n \n\n8 May 2013\nCEPS PLC\n (\"CEPS\" or the \"Company\")\n \nPublication of Circular & Notice of GM\n \n \nThe board of CEPS announces that a circular has been published today convening a general meeting of the Company (\"GM\") to be held at 11:45 a.m. (or, if later, immediately following the conclusion of the Company's Annual General Meeting taking place at 11.30 a.m.) on 10 June 2013 at Engineers' House, The Promenade, Clifton Down, Bristol BS8 3NB. \n \nThe purpose of the GM is to seek shareholder approval for a proposed reorganisation of the Company's share capital. \n \nThe circular may be downloaded from the Company's website at www.cepsplc.com and a copy of the letter from the Chairman to shareholders contained within the circular is copied below. \n \n \n \nEnquiries\n \n\n\n\n\nCEPS PLC\nPeter Cook, Group MD\n\n\n \n+44 1225 483030\n \n\n\n\n\nCairn Financial Advisers LLP\nTony Rawlinson / Avi Robinson\n\n\n \n+44 20 7148 7900\n\n\n\n\n \n \n \n \n \n\n \n\n \n \n\nLETTER FROM THE CHAIRMAN OF CEPS PLC\n\n \n \n\n\n\n\nDirectors\nMr Richard Thomas Organ, Non-Executive Chairman\nMr Peter George Cook, Group Managing Director\nMiss Vivien Elizabeth Langford, Group Finance Director \nMr David Alistair Horner, Non-Executive Director\nMr Geoffrey Charles Martin, Non-Executive Director\n\n\nRegistered Office\n \n12b George Street\nBath BA1 2EH\n\n\n\n\n \n8 May 2013\nDear Shareholder\n \nProposed Share Capital Reorganisation\n \nNotice of General Meeting\n \n \n1 Background to and reasons for the Restructuring Proposals\n \nThe Directors of CEPS have today announced a proposal for the reorganisation of the share capital of the Company.\n \nThe Company currently has in issue 10,814,310 Existing Ordinary Shares which, as at the date of this letter, are held by approximately 1,051 Shareholders. The Directors are conscious that Shareholders with small numbers of Ordinary Shares may find it uneconomic to trade them. In addition, such a wide shareholder base places an administrative and cost burden on the...