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LONDON - Eight Capital Partners (AQUIS:ECPE) PLC (AQSE: ECP) reported a setback in its planned capital reorganization due to a technical error, resulting in a temporary halt of its share trading on Thursday. The financial services company, specializing in fintech operations, had scheduled a share consolidation and bond conversion to equity for today at 8:00 a.m., as previously announced on January 23, 2025.
The interruption in the reorganization process has led to the suspension of trading in the company’s shares, with an expectation to resume on January 31, 2025, at 8:00 a.m. The company has reassured that the effective record date for the consolidation of existing ordinary shares is set for 6:00 p.m. on January 30, 2025, with new ordinary shares and bond shares to be admitted the following morning.
Shareholders are advised that their CREST accounts will be credited with the new ordinary shares shortly after admission, and definitive share certificates are to be dispatched by February 14, 2025. This delay in the capital reorganization is considered inside information under the UK Market Abuse Regulation, and the company’s directors have taken responsibility for this announcement.
Eight Capital Partners operates primarily through its subsidiary, Epsion Capital, a London-based independent corporate advisory firm. The company aims to generate attractive returns for shareholders by increasing group revenue and value in high growth fintech sub-sectors, such as digital banking and lending.
The information in this article is based on a press release statement and is intended to provide shareholders and the market with factual updates regarding the company’s capital reorganization schedule.
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