R8 Capital Investments PLC Update on Proposed Transaction
27 September 2024 - 1:42PM
RNS Regulatory News
RNS Number : 0627G
R8 Capital Investments PLC
27 September 2024
THIS ANNOUNCEMENT CONTAINS INSIDE
INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE
REGULATION (596/2014/EU) AS THE SAME HAS BEEN RETAINED IN UK LAW AS
AMENDED BY THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI
2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT,
THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC
DOMAIN.
NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO
OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH
JURISDICTION.
27 September 2024
R8 Capital Investments
plc
(the "Company" or
"R8")
Update on Proposed
Transaction
The Company announces that the
proposed acquisition of Redwood Financial Partners Limited and its
wholly-owned subsidiary, Redwood Bank Limited, is continuing to
progress and is now expected to complete in Q1 2025. Whilst
progress has been subject to unexpected delays over the summer
period, the Company is optimistic that the acquisition will be
completed in accordance with the above-mentioned revised
timeline.
Whilst there can be no certainty
that the acquisition will complete and it remains subject to,
amongst other things, formal terms being agreed and the completion
of legal and financial due diligence and regulatory approvals, the
directors of R8 remain confident of a successful
outcome.
A further announcement will be made
in due course.
-Ends-
Further information:
R8 Capital Investments
plc
Jonathan Rowland / Richard
Morecroft
info@r8plc.com
Peterhouse Capital
Limited
+ 44 (0) 20 7469 0930
Corporate Broker
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