Eight Capital Partners PLC Account Publication Delay & Temporary Suspension (6332E)

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RNS Number : 6332E

Eight Capital Partners PLC

03 July 2023

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation. Upon the publication of the announcement via a regulatory information service, this information is considered to be in the public domain.

3 July 2023

Eight Capital Partners plc

("ECP", "Eight Capital" or "the Company")

Delay to the publication of audited accounts for the year ended 31 December 2022

Temporary suspension

Eight Capital Partners plc (AQUIS: 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 a delay to the completion and publication of its audited accounts for the year to 31 December 2022. Accordingly, pursuant to Rule 5.1 of the AQSE Growth Market Rules, the Company has requested a temporary suspension of trading in its shares with effect from 08:00 on 3 July 2023.

The delay in the audit process has arisen as a result of the directors' decision, in consultation with its auditors and the Financial Reporting Council (FRC), to reclassify the accounting treatment of its 1AF2 Ltd Sec. Bonds 21-24 fixed rate bonds. The reclassification will result in the issue of revised audited accounts for the year to 31 December 2021 which, in turn, has caused a delay to the completion of the audit for the year to 31 December 2022.

The Company expects to be in a position to publish its final results shortly, following which trading in its shares will be restored.

For further information, please visit www.eight.capital or contact:

 
 Eight Capital Partners plc          +44 20 3808 0029 
  Dominic White                       info@eight.capital 
  Luciano Maranzana 
 Cairn Financial Advisers LLP 
  AQSE Corporate Adviser 
  Jo Turner / Liam Murray            +44 20 7213 0880 
 
   Walbrook PR Limited                 +44 20 7933 8780 
   Paul Vann/Nick Rome/Joe Walker      Paul.vann@walbrookpr.com

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 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

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 focuses on investments in Europe which are linked to technological developments in the financial services industry. www.innovfinance.com

Forward Looking Statements

Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identi ed by their use of terms and phrases such as "believe", "could", "should", "envisage", "estimate", "intend", "may", "plan", "potentially", "expect", "will" or the negative of those, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements re ect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.

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July 03, 2023 02:00 ET (06:00 GMT)

Eight Capital Partners (AQSE:ECP)
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