22 August
2024
Eight Capital Partners
plc
("ECP", "Eight Capital" or
"the Company")
1AF2 Bond
Update
Eight Capital Partners plc (AQSE:
ECP), the financial services operating company that aims to grow
revenue through businesses engaged in "Fintech" operations
including in the digital banking and lending sectors, announces an
update to the repayments owed to the Company by 1AF2 Limited
("1AF2") relating to the bonds purchased in 2021.
The Company announced on 22 July
2024 that it had received a proposal from 1AF2 and TAG to acquire
the 1AF2 Bond from ECP at par value with settlement in cash, public
securities and private assets and that TAG proposed to transfer EUR
4 million of assets to ECP as additional security while this
process completes.
The negotiations have advanced and
EUR 4 million of listed bond assets have been transferred to ECP as
additional security while the transaction is executed. The
proposal announced on 22 July has been re-confirmed and the Company
now awaits a first cash payment at which point it would
simultaneously execute the settlement agreement.
The Company expects the settlement
agreement for be executed shortly and it will keep the market
apprised of developments.
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
|
info@eight.capital
|
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Cairn Financial Advisers LLP
AQSE Corporate Adviser
Jo Turner / Liam Murray
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+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.
www.eight.capital
Eight Capital Partners operates two subsidiary
businesses:
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
