Eight Capital Partners PLC Outcome of General Meeting (1760V)

TIDMECP

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               [phone] 
  Dominic White - Executive Chairman       [e-mail] 
  David Bull - Chief Executive Officer 
 Cairn Financial Advisers LLP 
  AQSE Corporate Adviser 
  Jo Turner / James Lewis                 [phone] 
 Walbrook PR Limited                      [phone] 
  Paul Vann/Nicholas Johnson               [e-mail] 
 

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

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December 09, 2021 10:17 ET (15:17 GMT)