{"id":1202,"date":"2019-05-02T13:12:07","date_gmt":"2019-05-02T13:12:07","guid":{"rendered":"https:\/\/crowdforangels.com\/blog\/?p=1202"},"modified":"2021-07-02T10:15:00","modified_gmt":"2021-07-02T09:15:00","slug":"response-to-eight-peaks-group","status":"publish","type":"post","link":"https:\/\/crowdforangels.com\/blog\/response-to-eight-peaks-group\/","title":{"rendered":"Response to Eight Peaks Group"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img loading=\"lazy\" width=\"616\" height=\"159\" src=\"https:\/\/crowdforangels.com\/blog\/wp-content\/uploads\/2019\/07\/eight-peaks-group-1.png\" alt=\"Eight Peaks Group\" class=\"wp-image-1268\" srcset=\"https:\/\/crowdforangels.com\/blog\/wp-content\/uploads\/2019\/07\/eight-peaks-group-1.png 616w, https:\/\/crowdforangels.com\/blog\/wp-content\/uploads\/2019\/07\/eight-peaks-group-1-300x77.png 300w\" sizes=\"(max-width: 616px) 100vw, 616px\" \/><\/figure><\/div>\n\n\n\n<p><a href=\"https:\/\/crowdforangels.com\/\">Crowd for Angels<\/a> (UK) Limited (CFA or the Company) notes the statement from<a href=\"http:\/\/8pg.co\/\"> Eight Peaks Group<\/a> on 30<sup>th<\/sup>&nbsp;April 2019 and the Circular to shareholders regarding the proposed cancellation of admission to trading on AIM. CFA currently holds 546,840 shares in Eight Peaks Group, giving the Company a stake of just over 3%.<\/p>\n\n\n\n<p><strong>Having\ntaken into account the contents of the Circular, Crowd for Angels confirms that\nit will be voting AGAINST all resolutions proposed at the General Meeting to be\nheld on 16<sup>th<\/sup>&nbsp;May\n2019.<\/strong><\/p>\n\n\n\n<p>Particularly, the Company has great concerns over Resolution 1 (the Cancellation Resolution). In Eight Peaks Group own words,  if passed, will result in there being no formal market mechanism enabling Shareholders to trade Eight Peaks Group Ordinary Shares. Given the limited and vague information provided in the Circular, the Company has no confidence that the Directors of Eight Peaks Group have any desire to put in place an alternative trading facility if the cancellation resolution is passed.   <\/p>\n\n\n\n<h3>Liquidity<\/h3>\n\n\n\n<p> The Company recognises that AIM has its liquidity drawbacks. But regardless, we believe that the cancellation of the listing will result in either no and\/or little trading facility being available to Shareholders, in the end. On the alternate, highly illiquid \u201cmatched bargain\u201d facility being offered. And this will significantly reduce and even eliminate the liquidity currently offered on AIM. Only moderate cost savings are expected from the offered cancellations. The Company believes that the Cancellation Resolution is not in the best interests of Eight Peaks Group shareholders.    <\/p>\n\n\n\n<h3>Vote Against Resolutions<\/h3>\n\n\n\n<p>To conclude, Crowd for Angels, therefore, encourages fellow shareholders to vote against the proposed resolutions. Private shareholders with shares held in agent accounts are encouraged to contact their stockbrokers to instruct and advise them to vote against the resolutions. <strong>For further information about the proposed resolutions or to contact Crowd for Angels, email us at 8pg@crowdforangels.com. <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crowd for Angels (UK) Limited (CFA or the Company) notes the statement from Eight Peaks Group on 30th&nbsp;April 2019 and the Circular to shareholders regarding the proposed cancellation of admission to trading on AIM. CFA currently holds 546,840 shares in Eight Peaks Group, giving the Company a stake of just over 3%. Having taken into [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[109],"tags":[142,141,143],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Response to Eight Peaks Group - Crowd for Angels | Blog<\/title>\n<meta name=\"description\" content=\"Crowd for Angels (UK) Limited (CFA or the Company) notes the statement from Eight Peaks Group on 30th April 2019...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crowdforangels.com\/blog\/response-to-eight-peaks-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Response to Eight Peaks Group - Crowd for Angels | Blog\" \/>\n<meta property=\"og:description\" content=\"Crowd for Angels (UK) Limited (CFA or the Company) notes the statement from Eight Peaks Group on 30th April 2019...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/crowdforangels.com\/blog\/response-to-eight-peaks-group\/\" \/>\n<meta property=\"og:site_name\" content=\"Crowd for Angels | Blog\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-02T13:12:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-02T09:15:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/crowdforangels.com\/blog\/wp-content\/uploads\/2019\/07\/eight-peaks-group-1.png\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Crowd for Angels\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/crowdforangels.com\/blog\/#organization\",\"name\":\"Crowd for Angels\",\"url\":\"https:\/\/crowdforangels.com\/blog\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/crowdforangels.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/crowdforangels.com\/blog\/wp-content\/uploads\/2019\/06\/logo_cfa-square-.png\",\"contentUrl\":\"https:\/\/crowdforangels.com\/blog\/wp-content\/uploads\/2019\/06\/logo_cfa-square-.png\",\"width\":600,\"height\":600,\"caption\":\"Crowd for Angels\"},\"image\":{\"@id\":\"https:\/\/crowdforangels.com\/blog\/#\/schema\/logo\/image\/\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/crowdforangels.com\/blog\/#website\",\"url\":\"https:\/\/crowdforangels.com\/blog\/\",\"name\":\"Crowd for Angels | Blog\",\"description\":\"Crowd for Angels Blog &amp; Articles\",\"publisher\":{\"@id\":\"https:\/\/crowdforangels.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/crowdforangels.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/crowdforangels.com\/blog\/response-to-eight-peaks-group\/#primaryimage\",\"url\":\"https:\/\/crowdforangels.com\/blog\/wp-content\/uploads\/2019\/07\/eight-peaks-group-1.png\",\"contentUrl\":\"https:\/\/crowdforangels.com\/blog\/wp-content\/uploads\/2019\/07\/eight-peaks-group-1.png\",\"width\":616,\"height\":159,\"caption\":\"Eight Peaks Group\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/crowdforangels.com\/blog\/response-to-eight-peaks-group\/#webpage\",\"url\":\"https:\/\/crowdforangels.com\/blog\/response-to-eight-peaks-group\/\",\"name\":\"Response to Eight Peaks Group - 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