REG - R8 Capital Inv. PLC - Update on Proposed Transaction

R8 Capital InvestmentsAnnouncement

27/09/2024 12:45

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RNS Number : 0627G  R8 Capital Investments PLC  27 September 2024

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (596/2014/EU) AS THE SAME HAS BEEN RETAINED IN UK
LAW AS AMENDED BY THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI
2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE
INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

27 September 2024

R8 Capital Investments plc

(the "Company" or "R8")

 

Update on Proposed Transaction

The Company announces that the proposed acquisition of Redwood Financial
Partners Limited and its wholly-owned subsidiary, Redwood Bank Limited, is
continuing to progress and is now expected to complete in Q1 2025. Whilst
progress has been subject to unexpected delays over the summer period, the
Company is optimistic that the acquisition will be completed in accordance
with the above-mentioned revised timeline.

Whilst there can be no certainty that the acquisition will complete and it
remains subject to, amongst other things, formal terms being agreed and the
completion of legal and financial due diligence and regulatory approvals, the
directors of R8 remain confident of a successful outcome.

A further announcement will be made in due course.

-Ends-

Further information:

R8 Capital Investments plc

Jonathan Rowland / Richard Morecroft         info@r8plc.com

Peterhouse Capital Limited                        + 44
(0) 20 7469 0930

Corporate Broker

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