R8 Capital's Share Suspension#
R8 Capital Investments Plc announced that its ordinary shares have been temporarily suspended from trading on the London Stock Exchange’s Main Market as of 7:30 am today. This suspension affects the company's shares, which are valued at £0.01 each, and fall under the Equity Shares (Shell Companies) category of the Official List regulated by the Financial Conduct Authority (FCA).
Upcoming Financial Results#
The company plans to release its fiscal year 2025 results by the end of June. R8 Capital intends to request the FCA to lift the trading suspension once these results are published. This suspension follows a prior announcement made on April 28, indicating ongoing financial developments within the company.
Fundraising Efforts#
In addition to the suspension, R8 Capital revealed that it has entered into non-binding agreements for a proposed fundraising effort. The company aims to raise at least £500,000 through the issuance of convertible loan notes, which are a type of debt that can be converted into equity under certain conditions. The terms of this subscription are still being finalized.
Compliance Checks#
The proposed fundraising is contingent upon successful completion of know-your-customer (KYC) and anti-money laundering checks for the prospective investors. R8 Capital expects to finalize this subscription by May 11 and will provide updates to the market as necessary. The company has classified this information as inside information under the UK Market Abuse Regulation.