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

TrufinAnnouncement

11/04/2022 10:30

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RNS Number : 9564H  TruFin PLC  11 April 2022

11 April 2022

TruFin plc

("TruFin" or the "Company")

Result of General Meeting and

Result of Placing and Open Offer

TruFin plc completes £10m fundraising

On 22 March 2022, the Company announced a proposed Placing to raise £8.0
million and Open Offer to raise up to a further approximately £2.0 million
(both amounts before expenses) through the issue of, in aggregate, up to
13,360,739 New Ordinary Shares at an issue price of 75 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 24 March
2022 were duly passed.

Further to this, the Company can now confirm that it will issue, pursuant to
the Placing and Open Offer, in aggregate, 13,360,739 New Ordinary Shares at 75
pence per New Ordinary Share, raising approximately £10.0 million. The issue
of New Ordinary Shares will be split as follows:

·    10,666,666 New Ordinary Shares under the Placing, raising gross
proceeds of £8.0 million; and

·    2,694,073 New Ordinary Shares taken up under the Open Offer, raising
gross proceeds of approximately £2.0 million. Valid acceptances were received
from Qualifying Shareholders in respect of 1,225,003 Open Offer Shares under
their Basic Entitlements, and for 3,956,134 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 scaled
back pro rata to the number of Excess Shares applied for by Qualifying
Shareholders under the Excess Application Facility.

Application has been made for 13,360,739 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 12 April
2022.

Following Admission, the total number of voting rights in the Company is
94,182,943. 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 will have the meanings (unless the
context otherwise requires) set out in the circular dated 24 March 2022, 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)  0203 100 2000

Chris Clarke

Edward Thomas

Lydia Zychowska

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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