Business
Expiration of FCA Transition Provisions
Acceler8 Ventures PLC (LSE: AC8) announced that following the expiration of the FCA's Transition Provisions on July 29, 2025, the company intends to propose a special resolution to amend its articles of association. This amendment, to comply with UKLR 13.2.1R, will stipulate that if the company hasn't completed an initial transaction by July 30, 2027, it will cease operations and return any excess cash to shareholders. Disclaimer*
About this update from Acceler8 Ventures Plc
[{"type":"text","content":"\n\n18 August 2025\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\nACCELER8 VENTURES PLC\nExpiration of FCA Transition Provisions\nAcceler8 Ventures Plc (LSE: AC8, \"AC8\" or the \"Company\"), the Main Market listed acquisition company, announces that further to the expiration of the FCA's Transition Provisions in relation to shell companies on 29 July 2025, the Board of Directors of the Company intend to propose a special resolution to amend the Company's articles of association at its next general meeting of shareholders in order to comply with UKLR 13.2.1R.\nUnder this resolution, the Directors will recommend that the articles of association of the Company are amended to provide that if the Company has not completed an initial transaction on or before the 30 July 2027, it will cease operations and return any excess cash to shareholders.\nEnquiries:\n \n\n\n\n\nTessera Investment Management Limited\n\n\n \n\n\n\n\nTony Morris \n\n\n+44 (0) 7742 189145\n\n\n\n\n \n \n\n","length":2482,"tagName":"div"}]