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R8 Capital Investments PLC and Redwood Financial Partners Limited (RFPL) have mutually agreed to terminate discussions regarding R8's proposed acquisition of RFPL's entire issued share capital. This decision follows previous updates announced on 2 October 2023, 10 November 2023, 15 March 2024, and 27 September 2024. R8 Capital Investments PLC will now make an application to the FCA to restore its ordinary shares to trading on the Main Market of the London Stock Exchange.
| Date | 6 Dec 2024 |
| Time | 09:30:47 |
| Category | Corporate updates |
| ID | 1417P |
6 December 2024
R8 CAPITAL INVESTMENTS PLC
("R8", or the "Company")
UPDATE ON PROPOSED TRANSACTION
The Company announced on 2 October 2023 that it had entered into heads of terms with Redwood Financial Partners Limited ("RFPL"), and announced further updates on 10 November 2023, 15 March 2024 and 27 September 2024, in relation to the proposed acquisition by the Company of the entire issued share capital of RFPL. Despite best efforts to progress the transaction, the respective boards of the Company and RFPL have now decided to terminate discussions by mutual agreement.
In the short-term, the Board is considering various fundraising options with a view to maintaining its listing and seeking an alternative acquisition opportunity.
In the meantime, the Company will make an application to the FCA to restore its ordinary shares to trading on the Main Market of the London Stock Exchange.
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Enquiries:
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Company Jonathan Rowland / Richard Morecroft |
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Peterhouse Capital Limited Corporate Broker Duncan Vasey |
+ 44 (0) 20 7469 0930 |