CEPS share of Hickton diluted

CEPS confirmed a dilution in its majority shareholding of Hickton Holdings on Friday, as a result of Hickton’s acquisition of BRCS Building Control.

The AIM-traded company had acquired its 55% shareholding in Hickton Holdings on 1 February 2016.

On 19 May this year, CEPS confirmed that Hickton had acquired 100% of BRCS.

“CEPS now announces that one of the directors of BRCS is being issued with £5,000 of new ordinary shares in Hickton, the effect of which is to dilute CEPS' holding in Hickton from 55% to 52.36%,” its board confirmed on Friday.