REG - TruFin PLC TruFin PLC - Sale of Interact platform

TrufinAnnouncement

26/03/2024 07:15

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RNS Number : 2202I  TruFin PLC  26 March 2024

26 March 2024

 

TruFin plc

("TruFin" or the "Company")

 

Sale of Interact platform

 

Further to the Company's announcement on 21 November 2023 regarding the
possible sale of IP and assets relating to Playstack's augmented reality and
gamification AdTech platform "Interact" to VCI Global Ltd ("VCIG") (the
"Disposal"), the Company announces that the Disposal has been contracted with
completion due to occur on 28 March 2024.

 

The consideration payable by VCIG in relation to the Disposal is $300,000 in
cash and $1,700,000 payable in Nasdaq-listed VCIG shares, which are subject to
a lock-up period.

 

The Disposal assets were held at zero value on the Company's balance sheet.

For further information, please contact:

 TruFin plc                                                         0203 7431340
 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 of an operating group comprising three
growth-focused technology businesses operating in niche markets: early payment
provision, invoice 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.

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