REG - Fiinu PLC - Plugin Overdraft® Update & Employee Benefit Trust

FiinuAnnouncement

Mon 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251117:nRSQ7651Ha&default-theme=true

RNS Number : 7651H  Fiinu PLC  17 November 2025

Information contained within this Announcement is deemed by the Company to
constitute inside information stipulated under the Market Abuse Regulation
(EU) No. 596/2014 which forms part of English law by virtue of the European
Union (Withdrawal) Act 2018, as amended. Upon the publication of this
announcement via the Regulatory Information Service, this inside information
is now considered to be in the public domain.

 

17 November 2025

 

Fiinu Plc

("Fiinu", the "Company" or the "Group")

 

Plugin Overdraft® Update & New Employee Benefit Trust

 

Fiinu Plc (AIM: BANK), the fintech group and creator of the Plugin
Overdraft®, announces an update on the Plugin Overdraft® partnership with
Conister Bank Limited ("Conister Bank"), a subsidiary of Manx Financial Group
Plc ("Manx"), and the establishment of a new Employee Benefit Trust ("EBT").

 

Strong Progress on White Label Programme with Conister Bank in launching
Plugin Overdraft®

 

The Company continues to make strong progress with its white label partnership
with its Plugin Overdraft®, in collaboration with Conister Bank. Manx
confirmed in its market update last week that the project remains fully on
plan and progressing as scheduled.

 

The joint development phase has now advanced to the final stages where the
initial deployment and launch are scheduled to take place before the end of
this year. This will mark the first live deployment of the Plugin Overdraft®
product in the world, delivered under a white label arrangement with a
licensed UK bank. The unique Open Banking enabled initiative will initially
benefit from a captive audience of approximately one million end users within
Conister's existing ecosystem, providing a strong platform for commercial
activation and scalability through 2026. Both Fiinu and Conister remain
closely aligned on the phased delivery plan and ongoing collaboration.

 

Fiinu's technology is technically able to access over 100 million personal
bank accounts in the UK, and the Bank Independent Overdraft® platform has
been extended to cover all EEA countries, with access to more than 500 million
bank accounts across Europe.

 

Fiinu intends to revisit additional white-label opportunities in Europe in the
new year.

 

EBT and Equity‑Based Award Framework

 

Fiinu has set up a new EBT as part of its Employee Awards Strategy. The EBT,
which will be known as the Fiinu plc Employment Benefit Trust, will serve as
an independent trust mechanism for acquiring, holding, and transferring Fiinu
shares to settle long‑term incentive, restricted share, deferred bonus, and
other equity‑based awards. The Original Trustee is Equiniti Trust (Jersey)
Limited.

 

This initiative is aimed at aligning employee and shareholder interests,
supporting the recruitment and retention of key talent, and fostering
long‑term value creation. The EBT and associated governance framework will
operate in full compliance with UK Listing Rules, Disclosure Guidance and
Transparency Rules, Market Abuse Regulation, and HMRC Employment‑Related
Securities requirements.

 

The Directors of the Company are responsible for the release of this
announcement.

 

*ENDS*

For further information, please contact: 

 Fiinu Plc                                          Tel: +44 (0) 1932 629 532

 Dr. Marko Sjoblom - CEO

 SPARK Advisory Partners Limited (Nomad)            Tel: +44 (0) 203 368 3550

 Mark Brady / Angus Campbell                        Email: (mailto:Email:%20fiinu@sparkapl.com) fiinu@sparkapl.com
                                                    (mailto:fiinu@sparkapl.com)

 Marex Financial (Joint Broker)                     Tel: +44 (0) 207 655 6000

 Angelo Sofocleous / Keith Swann / Matt Bailey      Email: corporate@marex.com (mailto:corporate@marex.com)

 Oberon Investment Limited (Joint Broker)           Tel: +44 (0)203 179 5300

 Nick Lovering / Adam Pollock / Mike Seabrook

 Brazil (Financial PR)                              Tel: +44 (0) 207 785 7383

 Joshua van Raalte / Jamie Lester /Christine Webb

 

For more information, please visit www.fiinuplc.com (http://www.fiinuplc.com)

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDEADFKFENSFAA



            Copyright 2019 Regulatory News Service, all rights reserved