R8 Capital Inv Share News (MODE)

IN BRIEF: R8 Capital targets August to complete Redwood acquisition

R8 Capital Investments PLC - London-based fintech with a bitcoin banking app - Expects the acquisition of Redwood Financial Partners Ltd, announced in November, to be completed by the end of August. Explains that the extended time frame is largely to accommodate an IFRS conversion exercise of Redwood Bank Ltd, RFPL's wholly-owned subsidiary, and to provide sufficient time for the Prudential Regulation Authority to provide consent to change of ownership, required under the transaction. Believes the deal is progressing well, although it remains subject to due diligence and regulatory approval.

R8 Capital plots July conclusion for Redwood acqusition

(Alliance News) - R8 Capital Investments PLC on Friday said it expects its acquisition of Redwood Financial Partners Ltd to be sealed around the start of July.

IN BRIEF: R8 Capital plots reverse takeover of Redwood Financial

R8 Capital Investments PLC - London-based fintech with a bitcoin banking app - Plans to buy Redwood Financial Partners Ltd, the parent company of Redwood Bank Ltd, a specialist business bank. Payment terms have not been finalised, but expects consideration will be in excess of GBP50 million. This will be satisfied entirely by the issue of new R8 shares. Further, intends to carry out a fundraising to be contributed to the bank as tier 1 regulatory capital. Redwood Bank is a specialist business bank and was launched in 2017. R8 explains should the acquisition complete, it would constitute a reverse take over under listing rules and the company would apply for the re-admission of its shares to the Official List and the Main Market of the London Stock Exchange. As a result, requests suspension of the company's listing from today.

TRADING UPDATES: FRP Advisory buys Wilson Field for GBP4.8 million

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

UK shareholder meetings calendar - next 7 days

Mode Global Holdings to change name to R8 Capital

(Alliance News) - Mode Global Holdings PLC on Monday said it will be renamed to R8 Capital PLC.

Mode Global loss narrows and revenue falls; seeking future investment

(Alliance News) - Mode Global Holdings PLC on Tuesday said its annual loss narrowed as costs decreased, while revenue was hurt by a decline in its crypto business.

TRADING UPDATES: Literacy Capital nets gain from investment disposal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and Wednesday not separately reported by Alliance News:

TRADING UPDATES: Literacy Capital nets gain from investment disposal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and Wednesday not separately reported by Alliance News:

TRADING UPDATES: Proton wins order; Caerus Mineral sells assets

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

TRADING UPDATES: Mode Global considers sale; RPS takeover complete

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

TRADING UPDATES: Scholium profit grows; Honye Financial loss narrows

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

IN BRIEF: Mode Global assures shareholders after FTX collapse

Mode Global Holdings PLC - London-based fintech with a bitcoin banking app - Assures shareholders that it continues to hold itself to the highest standards of customer protection and transparency following the collapse of the Futures Exchange, which has sent "shock waves through the industry and will undoubtedly have damaged confidence in the short to medium term". Adds that it is confident that its business principles and model can be trusted by all stakeholders and that it operates a different business model from FTX.

TRADING UPDATES: SigmaRoc files patent; Griffin restarts operations

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

IN BRIEF: Mode adds to platform with new cryptocurrency tokens

Mode Global Holdings PLC - London-based bitcoin banking app - Announces addition of new cryptoassets to platform. Ethereum is now available to buy and sell for all Mode app users, while Solana and Polkadot will follow in the next two weeks.