DJ Eight Capital Partners PLC Issue of Bond
RNS Number : 9468G
Eight Capital Partners PLC
29 July 2019
29 July 2019
Eight Capital Partners plc
("Eight Capital" or the "Company")
Issue of Bond
Eight Capital Partners plc is pleased to announce it has launched a bond to raise up to EUR5 million on the Vienna Stock Exchange's multilateral trading facility ("MTF") and has placed an initial EUR800,000.
The funds raised will be used for the appraisal and making of further investments and general working capital.
The principal terms of the bond are as follows:
- Issue price and redemption at par; - Interest of 7% per annum paid semi-annually in arrears; - Issue date of 26 July 2019 with a redemption date of 26 July 2022;
- Admission to trading on the Vienna MTF as "EUR5,000,000 7.00 per cent. Notes due 26 July 2022" with ISIN XS2027405880.
It is anticipated that more bonds will be placed in due course and announcements will be made accordingly.
Further information on the bond can be found on the Vienna Stock Exchange's website at www.wienerborse.at/en and the Company's website at www.eight.capital.
Chairman Dominic White commented: "We are very pleased that the bond has been well received and that bond holders understand the Board's intentions and business strategy. The Company is looking to make value accretive investments and this funding route allows the Company to look to build an asset base with minimal dilution to shareholders, and, provides a facility for further funding in the future."
Disclosures This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR"). Prior to publication, certain information contained within this Announcement was deemed to constitute inside information for the purposes of Article 7 of MAR.
The Bond was arranged by the Company's 70 per cent owned subsidiary Epsion Capital Limited ("Epsion"). John Treacy, a director of the Company is also a 30 per cent shareholder and director of Epsion, which shall be paid a fee by the Company for arranging the bond described above. This constitutes a related party transaction.
The directors of the Company take responsibility for this announcement.
Eight Capital Partners plc +44 20 3808 0029 Dominic White firstname.lastname@example.org John Treacy Cairn Financial Advisers LLP NEX Exchange Corporate Adviser Jo Turner / David Coffman +44 20 7213 0880 Damson PR +44 20 7812 0645 Financial PR email@example.com Abigail Stuart-Menteth
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(END) Dow Jones Newswires
July 29, 2019 02:01 ET (06:01 GMT)