REG - TruFin PLC - Result of GM and Result of Placing and Open Offer

TrufinAnnouncement

10/07/2023 12:15

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RNS Number : 5194F  TruFin PLC  10 July 2023

10 July 2023

TruFin plc

("TruFin" or the "Company")

Result of General Meeting and

Result of Placing and Open Offer

TruFin plc completes fundraising

On 22 June 2023, the Company announced a proposed Placing to raise £7.0
million and Open Offer to raise up to a further approximately £1.0 million
(both amounts before expenses) through the issue of, in aggregate, up to
12,313,212 New Ordinary Shares at an issue price of 65 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 23 June
2023 were duly passed.

Further to this, the Company can now confirm that it will issue, pursuant to
the Placing and Open Offer, in aggregate, 11,653,744 New Ordinary Shares at 65
pence per New Ordinary Share, raising approximately £7.6 million. The issue
of New Ordinary Shares will be split as follows:

·    10,769,230 New Ordinary Shares under the Placing, raising gross
proceeds of £7.0 million; and

·    884,514 New Ordinary Shares taken up under the Open Offer, raising
gross proceeds of approximately £0.6 million. Valid acceptances were received
from Qualifying Shareholders in respect of 649,820 Open Offer Shares under
their Basic Entitlements, and for 234,694 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 received in
full.

Application has been made for 11,653,744 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 11 July 2023.

Following Admission, the total number of voting rights in the Company will be
105,836,687. 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 have the meanings (unless the context
otherwise requires) set out in the circular dated 23 June 2023, which is
available on the Company's website (www.TruFin.com).

- ends -

Enquiries:

 TruFin plc                                                        0203 743 1340
 James van den Bergh, Chief Executive Officer
07779 229508

Kam Bansil, Investor Relations
 Liberum Capital Limited (Nominated Adviser and Corporate broker)

Chris Clarke

Edward Thomas                                                    0203 100 2000

Cara Murphy

 

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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