R8 Capital Investments PLC UPDATE ON PROPOSED TRANSACTION
06 Diciembre 2024 - 3:30AM
RNS Regulatory News
RNS Number : 1417P
R8 Capital Investments PLC
06 December 2024
6 December 2024
R8 CAPITAL INVESTMENTS
PLC
("R8", or the
"Company")
UPDATE ON PROPOSED
TRANSACTION
The Company announced on 2 October
2023 that it had entered into heads of terms with Redwood Financial
Partners Limited ("RFPL"), and announced further
updates on 10 November 2023, 15 March 2024 and 27 September 2024,
in relation to the proposed acquisition by the Company of the
entire issued share capital of RFPL. Despite best efforts to
progress the transaction, the respective boards of the Company and
RFPL have now decided to terminate discussions by mutual
agreement.
In the short-term, the Board is
considering various fundraising options with a view to maintaining
its listing and seeking an alternative acquisition
opportunity.
In the meantime, the Company will
make an application to the FCA to restore its ordinary shares to
trading on the Main Market of the London Stock Exchange.
- ENDS -
Enquiries:
|
Company
Jonathan Rowland / Richard
Morecroft
|
info@r8plc.com
|
|
|
|
Peterhouse Capital Limited
Corporate Broker
Duncan Vasey
|
+ 44 (0) 20 7469 0930
|
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END
UPDEANAKEAPLFEA
R8 Capital Investments (LSE:MODE)
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