TIDMECP

RNS Number : 1477O

Eight Capital Partners PLC

25 January 2019

Eight Capital Partners Plc

("Eight Capital" or the "Company")

Issue of Convertible Bonds

Further to the Company's announcement of 26 October 2018, Eight Capital is pleased to announce that it has issued a further GBP50,000 tranche of nominal of Convertible Bonds (the "Bonds") to Cosmos SICAV plc Value Added Fund (the "Investor").

The net proceeds of GBP47,500 from the issue of the Bonds will be used by the Company for general working capital purposes.

The issued Bonds bear interest at the rate of 5% per annum, although the Company may, subject to certain conditions, elect to convert any interest due to the Investor into ordinary shares of 0.01 pence each in the Company ("Ordinary Shares") at an issue price of 10 per cent. below the 20trading day average mid-price of the Ordinary Shares.

The Directors of the Company accept responsibility for the content of this announcement.

- ENDS -

For further information, please contact:

 
 Eight Capital Partners Plc:                 +44 (0) 20 7469 0930 
  Dominic White                                info@eight.capital 
  John Treacy 
 NEX Exchange Corporate Adviser: 
  Peterhouse Capital Limited 
  Fungai Ndoro and Guy Miller                 +44 (0)20 7469 0930 
 Financial PR:                                +44 (0)207 812 0645 
  Abigail Stuart-Menteth             eightcapitalplc@damsonpr.com

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR"). Prior to publication, certain information contained within this Announcement was deemed to constitute inside information for the purposes of Article 7 of MAR

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

NEXFMGZMGKKGLZM

(END) Dow Jones Newswires

January 25, 2019 05:38 ET (10:38 GMT)

Eight Capital Partners (AQSE:ECP)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more Eight Capital Partners Charts.
Eight Capital Partners (AQSE:ECP)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more Eight Capital Partners Charts.