REG - Fiinu PLC - Result of GM, acquisition of Everfex and TVR

FiinuAnnouncement

26/08/2025 14:00

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RNS Number : 7237W  Fiinu PLC  26 August 2025

26 August 2025

 

 

Fiinu Plc

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

 

Result of General Meeting

Acquisition of Everfex P.S.A

Total Voting Rights

 

 

The Directors of Fiinu Plc  (AIM: BANK) are pleased to announce that, further
to the announcement on 7 August 2025, at a General Meeting ("GM") held earlier
today, the Resolution was duly approved by shareholders by way of a poll.

Acquisition of Everfex P.S.A.

At today's GM, shareholders approved the acquisition of Everfex P.S.A
("Everfex") (the "Acquisition"), a company providing currency hedging
solutions to small and medium-sized businesses exposed to Polish Zloty
fluctuations against all major currencies. The Acquisition is classified as a
reverse takeover under AIM Rule 14.  The Acquisition remains conditional upon
completion of the Acquisition Agreement, Subscription and Admission.

Further details are set out in the Company's Admission Document 7 August 2025
(the "Admission Document").

 

Result of the GM Poll

Details of the result of the poll results are given below. Resolution 1 was
proposed as an ordinary resolution.

 Resolution                                                               Votes For    % of Votes  Votes Against  % of Votes  Votes Withheld  Votes Total
 1. To approve the Acquisition by the Company of the entire issued share  136,486,873  100%        0              0%          0               136,486,873
 capital of Everfex P.S.A.

 

 

Total Voting Rights

 

Following approval of the Acquisition, the Company has issued 8,010,000
Subscription Shares and 80,000,000 Consideration Shares. It is expected that
readmission of the Enlarged Issued Share Capital, including the Subscripton
Shares and Consideration Shares, to trading on AIM ("Admission") will take
place at or about 8.00 a.m. on 27 August 2025. The number of shares in issue
immediately after Admission will be 377,874,986.

 

The Company holds no shares in treasury and therefore the figure above 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 share capital of the Company under the Disclosure
Guidance and Transparency Rules of the Financial Conduct Authority.

 

At Admission, the Company's TIDM and ISIN will remain unchanged.

Unless stated otherwise, defined terms used in this announcement have the same
meaning as given to them in the Admission Document, which is available to
download from the Company's website at www.fiinuplc.com
(http://www.fiinuplc.com) .

Further announcements will be made as appropriate.

 

Enquiries:

 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/Jade Bayat

 SP Angel Corporate Finance LLP (Joint Broker)    Tel: +44 (0) 207 470 0470

 Bruce Fraser/Ezgi Senturk

 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

 

About Fiinu Plc (AIM: BANK)

 

Fiinu, founded in 2017, is a fintech group that has developed the Plugin
Overdraft®, an unbundled overdraft solution that allows customers to have an
overdraft without changing their existing bank. The underlying bank
Independent Overdraft® technology platform is bank agnostic, enabling it to
serve all other banks' customers. The Plugin Overdraft® platform can
technically access over 100 million bank accounts in the UK. Open Banking
allows Fiinu's Plugin Overdraft® to attach ("plugin") to the customer's
existing primary bank account, no matter which bank they may use. Fiinu's
vision is built around Open Banking, and it believes it increases competition
and innovation in banking.

 

For more information about Fiinu, please visit
https://fiinuplc.com/aim-rule-26 (https://fiinuplc.com/aim-rule-26)

 

 

 

 

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