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Eight Capital Partners PLC Company Update

15/11/2018 7:01am

UK Regulatory (RNS & others)


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Eight Capital Partners PLC

15 November 2018

Eight Capital Partners Plc

("Eight Capital" or the "Company")

Company Update

Eight Capital's stated strategy is to act as an investment vehicle focused on investments in the technology, media, telecoms ("TMT") and financial services sectors.

Having quickly identified several prospective opportunities, the Company is developing two arms of its investment strategy within its identified sectors, one in long term growth companies and the other in the consolidation of financial services companies. The emphasis will be on value investments and delivering long term value to shareholders in these areas though the Company will consider special situations as and when they arise.

The first of these investments was the investment of EUR111,100 worth of listed 8% yielding corporate bonds in Italian financial services company Finance Partners Group S.p.A., expiring in 2020.

More recently, the Company announced an investment of GBP250,000 into AIM listed Imaginatik plc (AIM: IMTK), the leading technology company that operates in the corporate innovation solutions software sector. Imaginitik has a proven innovation program with purpose-built idea management software to enable companies to achieve breakthrough and continuous innovation at scale. Imaginatik works clients such as ExxonMobil, Altria, TD Bank, Sodexo, Caterpillar, and Cargill. As part of the Investment into Imaginatik, the Company was granted the right to appoint a director to the board and has exercised this right by appointing John Treacy as Non-Executive Director to Imaginatik.

Dominic White, Chairman of Eight Capital, says "It's part of Eight Capital's core ethos that we invest in businesses in which we believe there is growth potential and which we identify as value investments. We align ourselves with all our interests and as part of this the Board takes an active role in ensuring that results are driven by direct management engagement. The investment in Imaginitik, and the appointment of John Treacy, is an important step in the roll out of Eight Capital's strategy."

White continues "The two arms of investing in long term growth companies and the consolidation of financial services companies enabling Eight Capital to secure interesting opportunities across European investments initially, and we look forward to announcing further deals in due course."

The Directors of the Company accept responsibility for the content of this announcement.

- ENDS -

For further information, please contact:

 
 Eight Capital Partners Plc:        +44 (0) 20 7469 0930 
  Dominic White                      info@eight.capital 
  John Treacy 
 NEX Exchange Corporate Adviser: 
  Peterhouse Capital Limited 
  Guy Miller and Fungai Ndoro       +44 (0)20 7469 0930 
 Financial PR:                      +44 (0)207 812 0645 
  Abigail Stuart-Menteth             eightcapitalplc@damsonpr.com 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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November 15, 2018 02:01 ET (07:01 GMT)

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