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RNS Number : 6022Z  TruFin PLC  17 September 2025

 

 

17 September 2025

 

 

TruFin plc

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

 

 

Share Buyback Programme
 

 

Following completion of the £4 million share buyback programme in August
2025, TruFin (AIM: TRU) is pleased to announce the commencement of a further
share buyback programme ("Share Buyback Programme") to purchase ordinary
shares of £0.91 each in the capital of the Company ("Ordinary Shares") up to
a maximum aggregate consideration of £4 million (the "Maximum Amount").

 

As announced in the Group's interim results today, the Group continues to
perform strongly and generate excess cash. The Board's continues to believe
that the Company's shares trade at a discount to an internally calculated
intrinsic value and, as such, the Share Buyback Programme is being initiated
in order to further enhance shareholder returns and to reduce the Company's
share capital. Any Ordinary Shares acquired as a result of the Share Buyback
Programme will be cancelled.

 

Details of the Buyback

 

The Group has entered into an agreement with its broker Panmure Liberum
Limited ("Panmure Liberum") to carry out purchases of its Ordinary Shares
under the Share Buyback Programme on its behalf. Panmure Liberum will manage
the purchases on a discretionary basis, purchasing Ordinary Shares on the
London Stock Exchange within certain pre-set parameters over the Share Buyback
Programme up to the Maximum Amount.

 

The Share Buyback will take place within the limitations of the authority
granted to the Board of TruFin at its annual general meeting ("General
Authority") held on 12 June 2025 (the "2025 AGM"), pursuant to which the
Company has authority remaining to repurchase 12,681,025 Ordinary Shares.

 

In line with the authority given at the 2025 AGM, the maximum price (exclusive
of expenses) which may be paid for an Ordinary Share shall not be more than an
amount equal to 105% of the average middle market quotations for an Ordinary
Share, as derived from London Stock Exchange Daily Official List, for the five
business days immediately preceding the day on which the Ordinary Share is
contracted to be purchased.

 

Shareholders should be aware that the Share Buyback Programme may on any given
trading day represent a significant portion of the daily traded volume in the
Group's Ordinary Shares on the London Stock Exchange, and may exceed 25% (but
not 50%) of the average daily traded volume on the London Stock Exchange
during the 20 trading days preceding the date of purchase of such Ordinary
Shares (the "Volume Limit"). Accordingly, the Group may not benefit from the
exemption contained in Article 5(1) of MAR. The Volume Limit may be exceeded
should Panmure Liberum consider, at its discretion, that an opportunity has
arisen to acquire a significant number of shares in one trade. In such
circumstances, an announcement of the purchase will be made as soon as
possible following such trade taking place.

 

The Group has authorised the Share Buyback Programme to commence from today
and will continue until the earlier of: (i) the date on which the Maximum
Amount payable by the Company has been reached, or (ii) 31 December 2025.

 

Any market purchase of Ordinary Shares pursuant to the Share Buyback Programme
will be announced no later than 7:30am (UK time) on the business day following
the day on which the purchase occurred.

 

 

For further information, please contact:

 

 TruFin plc                                                         0203 743 1340

James van den Bergh, Chief Executive Officer
07779 229508

Kam Bansil, Investor Relations

 Panmure Liberum 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 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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