TruFin PLC Result of GM and Result of Placing and Open Offer (9564H)
April 11 2022 - 5:18AM
UK Regulatory
TIDMTRU TIDMTRU
RNS Number : 9564H
TruFin PLC
11 April 2022
11 April 2022
TruFin plc
("TruFin" or the "Company")
Result of General Meeting and
Result of Placing and Open Offer
TruFin plc completes GBP10m fundraising
On 22 March 2022, the Company announced a proposed Placing to
raise GBP8.0 million and Open Offer to raise up to a further
approximately GBP2.0 million (both amounts before expenses) through
the issue of, in aggregate, up to 13,360,739 New Ordinary Shares at
an issue price of 75 pence per New Ordinary Share.
The Company is pleased to announce that at its General Meeting
held earlier today, all of the Resolutions set out in the circular
published on 24 March 2022 were duly passed.
Further to this, the Company can now confirm that it will issue,
pursuant to the Placing and Open Offer, in aggregate, 13,360,739
New Ordinary Shares at 75 pence per New Ordinary Share, raising
approximately GBP10.0 million. The issue of New Ordinary Shares
will be split as follows:
-- 10,666,666 New Ordinary Shares under the Placing, raising
gross proceeds of GBP8.0 million; and
-- 2,694,073 New Ordinary Shares taken up under the Open Offer,
raising gross proceeds of approximately GBP2.0 million. Valid
acceptances were received from Qualifying Shareholders in respect
of 1,225,003 Open Offer Shares under their Basic Entitlements, and
for 3,956,134 Open Offer Shares under the Excess Application
Facility. Qualifying Shareholders who have validly applied for Open
Offer Shares will receive their full Basic Entitlement.
Applications for Open Offer Shares under the Excess Application
Facility will be scaled back pro rata to the number of Excess
Shares applied for by Qualifying Shareholders under the Excess
Application Facility.
Application has been made for 13,360,739 New Ordinary Shares to
be admitted to trading on AIM and it is expected that Admission
will become effective and trading will commence in the New Ordinary
Shares at 8.00 a.m. on 12 April 2022.
Following Admission, the total number of voting rights in the
Company is 94,182,943. This figure may be used by shareholders as
the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to
their interest in, the Company under the FCA's Disclosure Guidance
and Transparency Rules.
Defined terms used in this announcement will have the meanings
(unless the context otherwise requires) set out in the circular
dated 24 March 2022, which is available on the Company's website
(www.TruFin.com).
- ends -
Enquiries:
TruFin plc
James van den Bergh, Chief Executive Officer 0203 743 1340
Kam Bansil, Investor Relations 07779 229508
Liberum Capital Limited (Nominated Adviser and
Corporate broker)
Chris Clarke
Edward Thomas
Lydia Zychowska 0203 100 2000
About TruFin
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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