Eight Capital Ptnrs. - 1AF2 Bond Sale

6 December 2024

Eight Capital Partners plc

("ECP", "Eight Capital" or "the Company")

1AF2 Bond Sale

Eight Capital Partners plc (AQSE: ECP), the financial services operating company that aims to build shareholder value through the growth of businesses engaged in "Fintech" operations including in the digital banking and lending sectors, announces that, further to its announcement of 22 July 2024, it has signed a binding agreement to sell its holding in the 1AF2 Bond (the "1AF2 Bond") to SFE Equity Investments SARL ("SFE EI") for an agreed price of EUR40 million.

SFE EI is a Luxembourg based securitisation entity specialising in investments in public listed companies and listed instruments. SFE EI is part of Société Finanacière Européenne SA (together the "Group"), a finance organisation that comprises a diversified group of European investors which is controlled by The Avantgarde Group S.p.A, the original issuer of the 1AF2 Bond.

Under the terms of the agreement, the purchase price of the 1AF2 Bond is EUR40 million which the Group has paid through the transfer of listed financial instruments which can be liquidated over time.  ECP also retains the benefit of the security package currently in place over the 1AF2 Bond until the EUR40 million of financial instruments have been liquidated. 

The Directors believe that the sale represents a positive step forward for the Company, providing additional funding options for investment in the fintech sector and strengthening its balance sheet through the addition of £20.4m of net assets when compared to the Company's last published balance sheet as a result of prior impairments to the value of the 1AF2 Bond by the same amount.

The Company will update the market further in due course.

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.

For further information, please visit www.eight.capital or contact:

About Eight Capital Partners:

Eight Capital partners plc is a financial services operating company that aims to grow revenue through businesses engaged in "Fintech" operations including in the digital banking and lending sectors.

ECP seeks to grow its group revenue in these high growth fintech sub-sectors, which it expects to also increase in value, such that they generate an attractive rate of return for shareholders, predominantly through capital appreciation.

www.eight.capital

Eight Capital Partners operates one subsidiary business:

Epsion Capital:

Epsion Capital is an independent corporate advisory firm based in London with an extensive experience in UK and European capital markets. The team of senior and experienced ECM and M&A professionals is specialised across multiple markets, sectors and geographies and it prides itself on a commercial approach that allows the clients to achieve their growth ambitions. www.epsioncapital.com