Eight Capital Ptnrs. - Issue of Convertible Bonds

Eight Capital Partners

25/01/2019 10:38

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 £50,000 tranche of nominal of Convertible Bonds (the "Bonds") to Cosmos SICAV plc Value Added Fund (the "Investor").

 

The net proceeds of £47,500 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:
Dominic White
John Treacy
+44 (0) 20 7469 0930
info@eight.capital
NEX Exchange Corporate Adviser:
Peterhouse Capital Limited
Fungai Ndoro and Guy Miller
+44 (0)20 7469 0930
Financial PR:
Abigail Stuart-Menteth
+44 (0)207 812 0645
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

 

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END

 

 

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