TIDMECP
RNS Number : 6633K
Eight Capital Partners PLC
03 September 2021
3 September 2021
Eight Capital Partners plc
("ECP", "Eight Capital" or "the Company")
Launch of EUR25million 4.8% Fixed Rate Five-Year listed
Bonds
Eight Capital Partners plc (AQSE: ECP), whose strategy focuses
on working with, and investing in, technology, media, telecoms and
financial services businesses including listed investing companies,
is pleased to announce the launch of EUR25 million 4.8% Fixed Rate
Five-Year Bonds ("the New Bonds") which are to be listed on the
Vienna Stock Exchange.
The terms of the New Bonds are as follows:
- issue price and redemption at par;
- interest of 4.8% per annum paid quarterly in arrears;
- issue date of 3 September 2021 with a redemption date of 2 September 2026;
- admission to trading on the Vienna MTF as Eight Capital Partners EUR 25.000.000 4.8% 09/2026
As announced recently in the RNS of 25 August 2021, the Company
is seeking to expand its balance sheet by raising new equity
capital and the issue of other securities by the Company in stages,
in the short-term. The creation of the New Bonds is an important
step in the delivery of this strategy. As it moves forward, other
developments may include an equity placing via an open offer to all
shareholders. Warrants and / or other securities may also be
included in the capital raise.
It is expected that the New Bonds will in part be used to
refinance some of the Company's 7% bond that was announced on 29
July 2019, launched to raise up to EUR5 million, of which a total
of EUR3.99 million has been issued to date, with a maturity of 26
July 2022 and which is listed on the Vienna Stock Exchange.
To enable the creation of the New Bonds, an initial tranche of
EUR50,000 has been subscribed in cash at par value by Trumar
Capital LLC ("Trumar"), a substantial shareholder of the Company
controlled by ECP's Chairman Dominic White. The initial tranche of
the New Bonds is to be admitted to trading on the Vienna Stock
Exchange on its multilateral trading facility with effect from
today, Friday 3 September 2021.
Commenting on the New Bond issue, ECP's Chairman, Dominic White,
said: "The Company has been successful in creating and utilising
debt instruments to raise finance. These instruments are useful to
help build scale; it can prove challenging for small companies to
raise meaningful sums through equity alone. This bond issue is the
next step towards enlarging the Company's balance sheet, and it
provides better medium-term visibility since our existing listed
bonds approach maturity in 2022. Over the coming months, I am
expecting ECP to be offering shareholders, historic bondholders and
private creditors, the opportunity to subscribe for new ordinary
shares or listed debt in the Company."
Trumar, a Company beneficially owned by Dominic White, a
director of the Company, is a substantial shareholder of the
Company. Pursuant to AQSE Rule 4.6, the subscription for the Bonds
by Trumar therefore constitutes a related party transaction.
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.
Eight Capital Partners plc +44 20 3808 0029
Dominic White info@eight.capital
Cairn Financial Advisers LLP
AQSE Corporate Adviser
Jo Turner / James Lewis +44 20 7213 0880
Walbrook PR Limited +44 20 7933 8780
Paul Vann/Nicholas Johnson Paul.vann@walbrookpr.com
About Eight Capital Partners:
Eight Capital Partners plc is an international company whose
strategy focuses on owning and working with technology, media,
telecoms and financial services businesses, including both
privately-owned and listed entities. It has recently refined its
strategy to focus increasingly upon those businesses engaged in
"Fintech" operations, from the digitisation of banking services,
through to blockchain-backed decentralised finance companies and
"crypto banks".
ECP provides equity, debt, and equity-related investment capital
to companies seeking capital for growth and development,
consolidation or acquisition, or pre-IPO financing. The Company
seeks to generate an attractive rate of return for shareholders,
predominantly through capital appreciation, by maximising the
revenues, profits and value of its operating subsidiaries, and
taking advantage of the increasing number of acquisition
opportunities within the continuously developing global technology,
media, telecoms and financial services sectors.
www.eight.capital
About Eight Capital Partners' wholly owned subsidiaries
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/
Innovative Finance:
Innovative Finance is a corporate finance advisory business that
develops mergers and acquisitions and financing solutions across
multiple sectors, primarily in Europe, with access to international
transactions. It is currently working on transactions in the USA
and Europe which are linked to technological developments in the
financial services industry, AI, Cybersecurity, Ecommerce and
Cannabis.
www.innovfinance.com
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END
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September 03, 2021 02:00 ET (06:00 GMT)
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