DJ Eight Capital Partners PLC Additional placing of EUR1m of Eight Capital Bond
RNS Number : 9062I
Eight Capital Partners PLC
14 August 2019
14 August 2019
Eight Capital Partners plc
("Eight Capital" or the "Company")
Additional placing of EUR1m of Eight Capital Bond
Further to the announcement of 29 July 2019, Eight Capital is pleased to announce that it has placed a further EUR1,000,000 of the Company's bonds which trade on the Vienna Stock Exchange's multilateral trading facility.
The funds raised will be used for the appraisal and making of further investments and general working capital.
As previously disclosed, 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.
To date, the Company has issued EUR2,800,000 of bonds under the above instrument. More bonds may 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.
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 investee company 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 email@example.com 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 firstname.lastname@example.org Abigail Stuart-Menteth
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(END) Dow Jones Newswires
August 14, 2019 02:02 ET (06:02 GMT)