TruFin PLC Result of Tender Offer (9060X)
December 24 2019 - 2:00AM
UK Regulatory
TIDMTRU TIDMTRU
RNS Number : 9060X
TruFin PLC
24 December 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.
24 December 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 23 December
2019, valid tenders have been received for 86,541,289 Ordinary
Shares.
In accordance with the terms of the Tender Offer, each
Shareholder is entitled to sell up to 12.086 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 0.74807131 per
cent. so that the number of Ordinary Shares to be purchased by the
Company pursuant to the Tender Offer is the maximum of 11,111,112
Ordinary Shares.
The Ordinary Shares purchased by the Company pursuant to the
Tender Offer will be cancelled and following such purchase the
Company will have 80,822,204 Ordinary Shares in issue.
The posting of cheques in respect of certificated Ordinary
Shares purchased pursuant to the Tender Offer is expected to occur
by 7 January 2020. The crediting of CREST accounts for
uncertificated Ordinary Shares purchased pursuant to the Tender
Offer is expected to occur by 31 December 2019.
The crediting of CREST accounts with uncertificated Ordinary
Shares unsuccessfully tendered is expected to occur by 27 December
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 7 January 2020.
Terms used in this announcement shall have the meaning ascribed
to them in the Circular sent to Shareholders on 4 December 2019
unless otherwise stated.
For further information, please contact:
TruFin plc 0203 743 1340
James van den Bergh, Chief Executive Officer
Macquarie Capital (Europe) Limited (NOMAD and joint broker) 0203
037 2000
Alex Reynolds
Liberum Capital Limited (Joint broker) 0203 100 2000
Chris Clarke
Louis Davies
About TruFin plc:
TruFin plc is the holding company for an operating group of
companies that are niche lenders and early payment providers.
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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