![](https://tracker.live.rns-distribution.com/track.live-rns/5319580_d9353a075fe0b610698e373da828b7e4.png)
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:
Eight Capital Partners plc Dominic White, Chairman Luciano Maranzana, Group CEO
| info@eight.capital
|
Cairn Financial Advisers LLP AQSE Corporate Adviser Jo Turner / Liam Murray
| +44 20 7213 0880
|
| |
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 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
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.