REG - TruFin PLC TruFin PLC - Grant of share awards under LTIP

TrufinAnnouncement

12/04/2024 07:00

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RNS Number : 3340K  TruFin PLC  12 April 2024

12 April 2024

TruFin plc

("TruFin" or the "Company")

Grant of share awards under Long Term Incentive Plan

On 11 April 2024, the Company awarded the fourth tranche of options under its
Long Term Incentive Plan (the "LTIP") initially announced on 28 July 2023.
These are in the form of options over a total of 1,058,334 Ordinary Shares
(the "Options") to the Chief Executive Officer, Chief Financial Officer and
other senior employees.

 

As referred to in TruFin's announcement on 28 July 2023, the Options are
subject to the same performance metrics as the second and third tranches of
the LTIP but have a vesting date of 31 December 2026. The Options will expire
10 years post grant date.

 

The Options granted to James van den Bergh (CEO) and James
Hussey (CFO) are subject to performance criteria set by the Remuneration
Committee of the Company based on a share price performance metric. The
Options granted to subsidiary company CEOs are subject to subsidiary company
financial performance metrics.

 

Details of the grant of Options to PDMRs are set out below:

 

 Name                 Position                 Tranche 4 Options granted
 James van den Bergh  Chief Executive Officer  300,000
 James Hussey         Chief Financial Officer  225,000

 

These awards are intended to align the incentives of the CEO, CFO and other
senior employees with the Company's performance and outcomes for shareholders
over the long term and to provide effective and attractive levels of reward to
retain individuals who are key to the future success of the Company, based on
delivering strong performance in a fair and proportionate manner.

 

Vesting will also normally be dependent on the continued employment of the
participant within the Company's group. The awards are subject to market
standard leaver, malus and clawback provisions.

 

The following notifications are intended to satisfy the Company's obligations
under Article 19 of the UK Market Abuse Regulation.

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         James van den Bergh

                                                                  James Hussey
 2.  Reason for the Notification
 a)  Position/status                                              Chief Executive Officer

                                                                  Chief Financial Officer
 b)  Initial notification/ Amendment                              Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         TruFin Plc
 b)  LEI                                                          213800C2QPZFECSRZ964
 4.  Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the Financial instrument, type of instrument  Ordinary Shares
     Identification code                                          ISIN: JE00BYVWJZ03
 b)  Nature of the transaction                                    Grant of options
 c)  Price(s) and volume(s)                                       Price                        Volume
     Nil                                                                                       300,000
     Nil                                                                                       225,000
 d)  Aggregated information:                                      Single transaction as in 4c) above

     Aggregated volume                                           525,000

     Price                                                       Nil
 e)  Date of the transaction                                      11 April 2024
 f)  Place of the transaction                                     Outside a trading venue

 

 

 

Enquiries:

 TruFin plc                                                        0203 743 1340

James van den Bergh, Chief Executive Officer
0777 922 9508

Kam Bansil, Investor Relations

 Liberum Capital Limited (Nominated Adviser and Corporate broker)    0203 100 2000

Chris Clarke

Edward Thomas

Anake Singh

About TruFin plc:

TruFin plc is the holding company of an operating group comprising four
growth-focused technology businesses operating in niche markets: early payment
provision, invoice finance, IFA finance and mobile games publishing. 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
(https://gbr01.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.trufin.com%2F&data=05%7C01%7Cannie.styler%40trufin.com%7Cbaa78452ac0a47f8945108da28fa43e7%7C67937f35ec6246869ff319b660f3fd22%7C0%7C0%7C637867352602970809%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=KlrhCWwTxueK%2BL9vIsnyHiMNFfDmDQOWUnAQeFSgNQc%3D&reserved=0)
.

 

 

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