TruFin PLC Result of Tender Offer (9060X)

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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