REG - TruFin PLC TruFin PLC - Directorate Change and Relationship Agreement

TrufinAnnouncement

16/02/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220216:nRSP7866Ba&default-theme=true

RNS Number : 7866B  TruFin PLC  16 February 2022

16 February 2022

 

TruFin plc

("TruFin", the "Company", or together with its subsidiaries the "Group")

 

Directorate Change and Relationship Agreement

The Company is pleased to announce the appointment of Mr Anders Wilhelmsen as
a Non-Executive Director with immediate effect. Mr Wilhelmsen is appointed as
a representative of Watrium AS ("Watrium"), pursuant to a Relationship
Agreement which has been entered into between the Company and Watrium.

Mr Wilhelmsen has a financial background, with an MA Honours in Financial
Economics from the University of St Andrews, and an MBA from INSEAD. He
previously held a position at Morgan Stanley, and currently serves as Chief
Investment Officer and Chairman of Watrium, Director at Sensio, and Shadow
Director at HitecVision AS.

The purpose of the Relationship Agreement is to ensure that the Company is
capable of carrying on its business independently at all times. In accordance
with the terms of the Relationship Agreement, Watrium is entitled to appoint
one Non-Executive Director for as long as they retain an aggregate interest
equal to or greater than 15 per cent in the issued ordinary share capital of
the Company. Watrium currently holds an interest of 21.02 per cent.

Commenting on the appointment, Independent Non-Executive Chairman, Steve
Baldwin, said:

"We are delighted to welcome Anders to the Board. As a long-standing and very
supportive shareholder, Watrium have significant experience and knowledge of
the Group's businesses. Anders brings considerable expertise in designing and
implementing growth strategies which will greatly benefit the Group going
forward."

Additional information required to be disclosed under Schedule Two of the AIM
Rules

Mr Anders Christian Garmann Wilhelmsen, aged, 34, currently holds or has held
the following directorships and partnerships over the last five years:

 Current                Past
 Sensio Holding AS      Prox Dynamics AS
 Sensio Midco AS        Euro Parking Collection PLC
 Trafficinvest Limited  CMR Surgical Ltd
 HitecVision AS         Hasker Street Investment Limited
 Oslo Atrium AS         Wak Family Office UK Limited
 Watrium AS             Wavi Holding AS
 Woyage S.A.

 

Mr Wilhelmsen does not own shares in the Company, but has a beneficial
interest in Watrium which currently holds 21.02 per cent of the Company's
issued share capital.

 

Except as disclosed in this announcement, no other disclosures are required in
respect of the appointment of Mr Wilhelmsen under paragraph (g) of Schedule
Two of the AIM Rules for Companies.

For further information, please contact:

 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)  0203 100 2000

Chris Clarke

Edward Thomas

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 (http://www.TruFin.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  BOADELFFLLLLBBV