TruFin PLC Result of Tender Offer (1498B)
June 05 2019 - 2:00AM
UK Regulatory
TIDMTRU TIDMTRU
RNS Number : 1498B
TruFin PLC
05 June 2019
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
5 June 2019
TruFin plc
("TruFin" or the "Company" or together with its subsidiaries
"TruFin Group")
RESULTS OF TENDER OFFER
The Company is pleased to announce the results of the Tender
Offer and that pursuant to the Tender Offer which closed in
accordance with its published timetable at 1:00 p.m. on 4 June
2019, valid tenders have been received for 86,198,428 Ordinary
Shares.
In accordance with the terms of the Tender Offer, each
Shareholder is entitled to sell up to 5.582 per cent. of the
aggregate number of Ordinary Shares registered in the Shareholder's
name rounded down to the nearest whole number of shares (the "Basic
Entitlement"). Shareholders who tendered to sell less than or equal
to their Basic Entitlement have had their tender satisfied in full.
Shareholders who tendered more than their Basic Entitlement have
had their Basic Entitlement satisfied in full and any Ordinary
Shares tendered above their Basic Entitlement have been scaled down
(to the nearest whole number of Ordinary Shares) to 0.27883430 per
cent. so that the number of Ordinary Shares to be purchased by the
Company pursuant to the Tender Offer is the maximum of 5,435,105
Ordinary Shares.
The Ordinary Shares purchased by the Company pursuant to the
Tender Offer will be cancelled.
The posting of cheques in respect of certificated Ordinary
Shares purchased pursuant to the Tender Offer is expected to occur
by 13 June 2019. The crediting of CREST accounts for uncertificated
Ordinary Shares purchased pursuant to the Tender Offer is expected
to occur by 7 June 2019.
The crediting of CREST accounts with uncertificated Shares
unsuccessfully tendered is expected to occur by 6 June 2019. The
dispatch of balance share certificates for unsold certificated
Ordinary Shares and the return of share certificates for
unsuccessful tenders of certificated Shares are also expected to
occur by 13 June 2019.
Terms used in this announcement shall have the meaning ascribed
to them in the Circular sent to Shareholders on 17 May 2019 unless
otherwise stated.
The Company has also redeemed the 50,000 preference shares of
GBP1.00 each in issue which were held by Company Director James van
den Bergh.
For further information, please contact:
TruFin plc
Henry Kenner, Chief Executive Officer
James van den Bergh, Deputy Chief Executive Officer 0203 743 1340
Macquarie Capital (Europe) Limited (NOMAD and joint
broker)
Alex Reynolds
Nicholas Harland 0203 037 2000
Liberum Capital Limited (Joint broker)
Chris Clarke
Trystan Cullen
Louis Davies 0203 100 2000
Blue Pool Communications (PR)
Nicholas Lord 07501 271 083
About TruFin plc:
TruFin plc is the holding company for an operating group of
companies that are niche lenders and early payment providers. The
TruFin Group combines the benefits of both the traditional
relationship banking model and developments in the fintech sector.
The Company was admitted to AIM in February 2018 and trades under
the ticker symbol: TRU. More information is available on the
Company website www.TruFin.com
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END
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