TruFin PLC Demerger Effective And DFC Holdings Admission (4340Y)
09 May 2019 - 4:00PM
UK Regulatory
TIDMTRU TIDMTRU
RNS Number : 4340Y
TruFin PLC
09 May 2019
9 May 2019
TruFin Plc
("TruFin" or the "Company")
DEMERGER EFFECTIVE AND DFC HOLDINGS ADMISSION
Further to the announcement by the Company on 17 April 2019 in
relation to its proposed demerger of Distribution Finance Capital
Limited from the Company to Distribution Finance Capital Holdings
plc ("DFC Holdings") (the "Demerger"), the Company is pleased to
announce that the Demerger became effective at 11:00 p.m. on 8 May
2019.
Pursuant to the Demerger, the holders of ordinary shares in
TruFin who were registered on the TruFin share register at 5.00
p.m. on 8 May 2019 have received, for every one ordinary share held
by them in TruFin, one ordinary share in DFC Holdings.
DFC Holdings' admission to AIM and trading in DFC Holdings
ordinary shares under the ticker "DFCHLN" and with ISIN
"GB00BJ7HMR72" is expected to commence at 8.00 a.m. today.
CREST accounts will be credited with DFC Holdings ordinary
shares on 9 May 2019. Shareholders will be sent share certificates
in respect of any certificated holdings in DFC Holdings by 16 May
2019.
The Company is pleased to announce that the sale of its entire
stake in Zopa Group Limited ("Zopa") for GBP44.5 million completed
yesterday.
For further information, please contact:
TruFin plc
Henry Kenner, Chief Executive Officer
James van den Bergh, Deputy Chief Executive
Officer 0203 743 1340
Macquarie Capital (Europe) Limited (NOMAD and
joint broker)
Alex Reynolds
Nicholas Harland 0203 037 2000
Liberum Capital Limited (Joint broker)
Chris Clarke
Trystan Cullen
Louis Davies 0203 100 2000
Blue Pool Communications (PR)
Nicholas Lord 07501 271 083
About TruFin plc:
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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END
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