Eight Capital Ptnrs. - Outcome of General Meeting
09/12/2021 15:17
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RNS Number : 1760V Eight Capital Partners PLC 09 December 2021
09 December 2021
Eight Capital Partners plc
("ECP", "Eight Capital" or "the Company"
Outcome of General Meeting
A General Meeting of Eight Capital (AQSE: ECP), the financial services
operating company whose wholly-owned subsidiaries, Epsion Capital Limited
("Epsion") and Innovative Finance Srl ("InnFin"), source and deliver tech,
fintech and other on-trend-sector transactions, was duly convened earlier
today (the "Meeting").
The Meeting was held to enable shareholders to consider whether any, and if
so, what steps should be taken to address the Company's "serious loss of
capital" as defined and required by section 656(1) of the Companies Act 2006.
Details of the situation which resulted in this position were included in the
formal Notice of General Meeting and the Company's RNS of 22 November, 2021.
Following discussions at today's Meeting, the consensus of shareholders
present concluded that the Company's recent corporate transactions,
transformational growth strategy and reorganisation plans as detailed in its
Corporate Update RNS of 27 September, 2021, would alleviate the issue without
the need for any further steps being taken. Shareholders were not asked to
vote at the general meeting as it was a discussion forum only.
The board always welcomes dialogue with shareholders and today's General
Meeting provided a suitable forum for discussions on this issue to take place.
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.
Enquiries:
Eight Capital Partners plc +44 20 3808 0029
Dominic White - Executive Chairman info@eight.capital
David Bull - Chief Executive Officer
Cairn Financial Advisers LLP +44 20 7213 0880
AQSE Corporate Adviser
Jo Turner / James Lewis
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 financial services operating
company focused on owning and operating 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 (http://www.eight.capital)
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