ENCORE CAPITAL GROUP, INC. (NASDAQ:ECPG) Files An 8-K Regulation FD DisclosureItem 7.01Regulation FD Disclosure.
On October 20, 2017, Cabot Credit Management Limited (“Cabot”), an indirect subsidiary of Encore Capital Group, Inc., announced its intention to proceed with an initial public offering. Cabot intends to apply for admission of its ordinary shares to the premium listing segment of the Official List of the Financial Conduct Authority and to trade on the main market for listed securities of the London Stock Exchange. The offering will comprise an offer of shares to institutional investors.
A copy of the intention to float announcement is attached as exhibit 99.1 to this Current Report and a reconciliation of certain non-IFRS financial measures used in the intention to float announcement is included as exhibit 99.2 to this Current Report, each of which are incorporated herein by reference (and the foregoing description is qualified in its entirety by reference to such documents).
The information in Item 7.01 of this Current Report on Form 8-K, including the information contained in Exhibits 99.1 and 99.2, is being furnished to the Securities and Exchange Commission to Item 7.01, and shall not be deemed to be “filed” for the purposes of Section18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by a specific reference in such filing.
Item 7.01.Financial Statements and Exhibits.
ENCORE CAPITAL GROUP INC ExhibitEX-99.1 2 exhibit991itf.htm EXHIBIT 99.1 Exhibit NOT FOR RELEASE,…To view the full exhibit click here
About ENCORE CAPITAL GROUP, INC. (NASDAQ:ECPG)
Encore Capital Group, Inc., through its subsidiaries, is a specialty finance company providing debt recovery solutions for consumers and property owners across a range of financial assets. The Company operates through two segments: Portfolio Purchasing and Recovery, and Tax Lien Business. Its portfolio purchasing and recovery segment purchases portfolios of defaulted consumer receivables at discounts and manages them by partnering with individuals as they repay their obligations and work toward financial recovery. Defaulted receivables are consumers’ unpaid financial commitments to credit originators, including banks, credit unions, consumer finance companies, commercial retailers, and telecommunication companies. Defaulted receivables also include receivables subject to bankruptcy proceedings. In addition, the Company assists property owners delinquenting on their property taxes by structuring monthly payment plans and purchases delinquent tax liens directly from taxing authorities.
