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On 27 June 2025, R8 Capital Investments PLC discharged an outstanding loan of £1,902,208 to its R8 Note Holders. These Note Holders received 190,220,932 new ordinary shares in VVV Resources Limited (to be renamed VVV Sports Limited) at a deemed price of £0.01 per share. In consideration, R8 Capital issued VVV Resources Limited with 2,619,782 Ordinary Shares in R8 Capital.
| Date | 27 Jun 2025 |
| Time | 07:00:01 |
| Category | Miscellaneous |
| ID | 6182O |
27 June 2025
R8 CAPITAL INVESTMENTS PLC
("R8", or the "Company")
UPDATE RE CORPORATE ACTIVITY WITH VVV RESOURCES AND ACCOUNTING MATTERS
The Company is pleased to note that the outstanding loan to loan note holders of the Company ("R8 Note Holders'"), amounting to £1,902,208 including capital and interest has been entirely discharged by the Company. Arrangements have been made for the R8 Note Holders' to receive their shares in VVV Resources Limited (currently being renamed "VVV Sports Limited") ("VVV"), pro rata to their individual holdings. The R8 Note Holders' have received in total 190,220,932 new ordinary shares in VVV, at a deemed price of £0.01 pence per share. The current bid price is £0.03 per share.
In consideration for the issuance of the R8 Note Holders' shares in VVV, the Company agreed to issue VVV with 2,619,782 Ordinary Shares in R8 Capital.
Further information can be found in the VVV Circular dated 13 May 2025.
The Company is currently working on it audited accounts to 31 December 2024 and its interim unaudited results to 30 June 2024. A further announcement will be made in due course and once the audited and interim announcements have been released, an application will be made to the Financial Conduct Authority for the restauration of the listing of the Company's ordinary shares.
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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 |