REG - TruFin PLC - Share Buyback Programme

TrufinAnnouncement

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RNS Number : 0497Q  TruFin PLC  23 January 2026

23 January 2026

 

 

TruFin plc

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

 

Share Buyback Programme

 

Following completion of two share buyback programmes to repurchase £8 million
in aggregate during the course of 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 £6
million (the "Maximum Amount").

 

The Group continues to perform strongly and generate excess cash. The Board
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 Programme will take place within the limitations of the
authority granted to the Board of TruFin at its annual general meeting held on
12 June 2025 (the "2025 AGM"), pursuant to which the Company has authority
remaining to repurchase 9,260,304 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) 01 June 2026.

 

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.

 

The information contained within this Announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No.596/2014 as amended by The Market Abuse (Amendment) (EU Exit)
Regulations 2019. By the publication of this Announcement via a Regulatory
Information Service, this inside information is now considered to be in the
public domain. The person responsible for arranging for the release of this
Announcement on behalf of the Company is Annie Styler.

 

 

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)

Chris Clarke

Edward Thomas                                                    0203 100 2000

 

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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