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CEPS plc ( (GB:CEPS) ) just unveiled an update.
CEPS PLC has announced an extension of a third-party loan initially secured in 2021. The loan, now extended to be repayable by June 2026, will see its interest rate increase from 7% to 9% per annum. The extension involves a related party transaction, as the loan is guaranteed by David Horner, a director of CEPS, without any personal benefit. The independent directors, after consulting with Cairn Financial Advisers LLP, have deemed the guarantee fair and reasonable for shareholders.
More about CEPS plc
Average Trading Volume: 25,064
Technical Sentiment Signal: Strong Sell
Current Market Cap: £4.52M
For a thorough assessment of CEPS stock, go to TipRanks’ Stock Analysis page.