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| Date | 30 Jan 2025 |
| Time | 12:55:00 |
| Category | Miscellaneous |
| ID | 3267V |
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.
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On or around: |
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Effective record date for the consolidation of the Existing Ordinary Shares |
6:00 p.m. on 30 January 2025 |
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Admission of the New Ordinary Shares and Bond Shares |
8:00 a.m. on 31 January 2025 |
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CREST accounts credited with the New Ordinary Shares |
Shortly after 8:00 a.m. on 31 January 2025 |
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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:
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Eight Capital Partners plc Dominic White, Chairman Luciano Maranzana, Group CEO
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info@eight.capital
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Cairn Financial Advisers LLP AQSE Corporate Adviser Jo Turner / Liam Murray |
+44 20 7213 0880
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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.
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