12 April 2024
TruFin plc
("TruFin" or the "Company")
Grant of share awards under
Long Term Incentive Plan
On 11 April 2024, the Company awarded the fourth tranche of options
under its Long Term Incentive Plan (the "LTIP") initially announced
on 28 July 2023. These are in the form of options over a total of
1,058,334 Ordinary Shares (the "Options") to the
Chief Executive Officer, Chief Financial Officer and other senior
employees.
As referred to in TruFin's
announcement on 28 July 2023, the Options are subject to the same
performance metrics as the second and third tranches of the LTIP
but have a vesting date of 31 December 2026. The Options will
expire 10 years post grant date.
The Options granted to James van den
Bergh (CEO) and James Hussey (CFO) are subject
to performance criteria set by the Remuneration Committee of
the Company based on a share price performance metric. The
Options granted to subsidiary company CEOs are subject to
subsidiary company financial performance metrics.
Details of the grant of Options to
PDMRs are set out below:
Name
|
Position
|
Tranche 4 Options
granted
|
James van den Bergh
|
Chief Executive Officer
|
300,000
|
James Hussey
|
Chief Financial Officer
|
225,000
|
These awards are intended to align
the incentives of the CEO, CFO and other senior employees with the
Company's performance and outcomes for shareholders over the long
term and to provide effective and attractive levels of reward to
retain individuals who are key to the future success of the
Company, based on delivering strong performance in a fair and
proportionate manner.
Vesting will also normally be
dependent on the continued employment of the participant within the
Company's group. The awards are subject to market standard leaver,
malus and clawback provisions.
The following notifications are
intended to satisfy the Company's obligations under Article 19 of
the UK Market Abuse Regulation.
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
a)
|
Name
|
James van den Bergh
James Hussey
|
2.
|
Reason for the Notification
|
a)
|
Position/status
|
Chief Executive Officer
Chief Financial Officer
|
b)
|
Initial notification/
Amendment
|
Initial notification
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
a)
|
Name
|
TruFin Plc
|
b)
|
LEI
|
213800C2QPZFECSRZ964
|
4.
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
a)
|
Description of the Financial
instrument, type of instrument
|
Ordinary Shares
|
Identification code
|
ISIN: JE00BYVWJZ03
|
b)
|
Nature of the transaction
|
Grant of options
|
c)
|
Price(s) and volume(s)
|
Price
|
Volume
|
Nil
|
300,000
|
Nil
|
225,000
|
d)
|
Aggregated information:
Aggregated volume
Price
|
Single transaction as in 4c)
above
525,000
Nil
|
e)
|
Date of the transaction
|
11 April
2024
|
f)
|
Place of the transaction
|
Outside a trading venue
|
Enquiries:
TruFin plc
James van den Bergh, Chief Executive Officer
Kam Bansil, Investor Relations
|
0203 743 1340
0777 922 9508
|
Liberum Capital Limited (Nominated Adviser and Corporate
broker)
Chris Clarke
Edward Thomas
|
0203 100 2000
|
Anake Singh
About TruFin plc:
TruFin plc is the holding company of
an operating group comprising four growth-focused technology
businesses operating in niche markets: early payment provision,
invoice finance, IFA 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.