The company has discharged an outstanding loan and made arrangements for its note holders to receive shares in VVV Resources. The company is also working on its audited accounts and interim results.
The investment company provides an update on a closely associated business, with details on a subscription, board changes, and a proposed change in investment strategy.
R8 Capital Investments plc has signed heads of terms for the proposed acquisition of Redwood Financial Partners Limited, parent company of Redwood Bank Limited. The acquisition is conditional on regulatory approval and the consideration is expected to be over £50 million, to be paid in new R8 shares. The company's listing on the London Stock Exchange has been suspended pending further details on the acquisition.
Mode Global Holdings PLC has changed its name to R8 Capital Investments plc.