30 January
2025
Eight Capital Partners
plc
("ECP", "Eight Capital" or
"the Company")
Capital Reorganisation
Update
Temporary
Suspension
Eight Capital Partners plc (AQSE:
ECP) announces that due to a technical error that occurred
overnight, the proposed capital reorganisation by way of a share
consolidation, as set out in the announcement of 23 January 2025
(the "Capital
Reorganisation"), and the conversion
of the remaining 4.8% Bond into equity in the Company (the
"Bond Conversion") did not
take place at 8:00 a.m. on 30 January 2025.
As a consequence, trading in the
Company's shares has been temporarily suspended. The restoration to
trading of shares in the Company, and the Capital Reorganisation is
now expected to occur on 31 January 2025 at 8:00 a.m.
The updated timetable pursuant to
the Capital Reorganisation is set out below.
|
|
On or
around:
|
|
Effective record date for the
consolidation of the Existing Ordinary Shares
|
6:00 p.m.
on 30 January 2025
|
|
Admission of the New Ordinary Shares
and Bond Shares
|
8:00 a.m.
on 31 January 2025
|
|
CREST accounts credited with the New
Ordinary Shares
|
Shortly
after 8:00 a.m. on 31 January 2025
|
|
Dispatch of definitive share
certificates in respect of the New Ordinary Shares and Bond
Shares
|
No later
than 14 February 2025
|
This announcement contains inside information for the purposes
of the UK Market Abuse Regulation and the Directors of the Company
are responsible for the release of this
announcement.
For further information, please
visit www.eight.capital
or contact:
|
Eight Capital Partners plc
Dominic White, Chairman
Luciano Maranzana, Group
CEO
|
info@eight.capital
|
|
Cairn Financial Advisers LLP
AQSE Corporate Adviser
Jo Turner / Liam Murray
|
+44 20
7213 0880
|
About Eight Capital Partners:
Eight Capital partners plc is a
financial services operating company that aims to grow revenue
through businesses engaged in "Fintech" operations including in the
digital banking and lending sectors.
ECP seeks to grow its group revenue
in these high growth fintech sub-sectors, which it expects to also
increase in value, such that they generate an attractive rate of
return for shareholders, predominantly through capital
appreciation.
www.eight.capital
Eight Capital Partners operates one subsidiary
business:
Epsion
Capital:
Epsion Capital is an independent
corporate advisory firm based in London with an extensive
experience in UK and European capital markets. The team of senior
and experienced ECM and M&A professionals is specialised across
multiple markets, sectors and geographies and it prides itself on a
commercial approach that allows the clients to achieve their growth
ambitions. www.epsioncapital.com
