Eight Capital Partners PLC (AQSE:ECP), the fintech group, said its noteholders voted in favour of converting all of its €10 million 4.8% fixed-rate notes into ordinary shares, significantly reducing the amount of debt the company has.
Converting the shares at the start of September, the firm will issue around 26 billion new shares, around 13.8% of the issued share capital.
Full-year results have been delayed, but are expected to be released shortly and will subsequently see the suspension of the company’s shares lifted.