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FIN Finablr Plc

10.48
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Finablr Plc FIN London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 10.48 01:00:00
Open Price Low Price High Price Close Price Previous Close
10.48 10.48
more quote information »

Finablr FIN Dividends History

No dividends issued between 27 Apr 2014 and 27 Apr 2024

Top Dividend Posts

Top Posts
Posted at 08/7/2023 21:07 by trader219
Fin back trading next week lads at 03p
Posted at 26/5/2023 21:40 by trader219
I believe Fin goes back on London Stock Exchange on Tuesday trading at 50p
Posted at 19/10/2022 10:15 by trader219
Anyone know when finally fin will be finished my hl account still lists it on my isa with no current value
Posted at 11/1/2022 09:24 by trader219
Just received a reply back from Robert Miller stating he is not allowed to give me latest on Fin
Posted at 20/12/2021 20:58 by trader219
Does anyone know fin can be forced by London stock exchange to relist now?
Posted at 28/10/2021 20:19 by 11toes
Why can't LSE just give FIN an ultimatum go back on now or you won't be allowed on ever again
Posted at 12/10/2021 23:20 by ltn22
I understand fin is rebranded to whizz financial. Website looks real and new photos.
Posted at 03/4/2021 16:32 by housewinner
Very little trading experience so be nice! I have or had lol a few Fin shares. I check in for updates every now and then, but accepted I have lost my money. I now see that Fin could be a going concern/could be bought out/Merger etc bla bla bla....Surely as a shareholder my shares have a financial value? Surely if my shares a worthless why would anyone want involvement with Fin? It must have a value or am I missing something. And to add, if anything dodgy has happened would a court case involve recompense for shareholders who were clearly mislead??
Posted at 16/3/2020 07:49 by azuli
KeywordCompanyEPIC/TIDMSEDOL/ISINNews

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Finablr PLC (FIN)

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Monday 16 March, 2020

Finablr PLCHolding(s) in Company

RNS Number : 1893G

Finablr PLC

16 March 2020

 

TR-1: S tandard form for notification of major holdings

 

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and ;to the FCA in Microsoft Word format if possible) i


1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii :

Finablr plc

1b. Please indicate if the issuer is a non-UK issuer   (please mark with an "X" if appropriate)

Non-UK issuer


2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

X

An acquisition or disposal of financial instruments


An event changing the breakdown of voting rights


Other (please specify)iii:


3. Details of person subject to the notification obligation iv

Name

MIC Capital Partners (Public) Parallel Cayman, LP (Fund)

 

MIC Capital Partners (Public) (US) IM, LLC (Fund Manager)

City and country of registered office (if applicable)

Grand Cayman, Cayman Islands

4. Full name of shareholder(s) (if different from 3.) v

Name


City and country of registered office (if applicable)


5. Date on which the threshold was crossed or reached vi ;:

12 March 2020

6. Date on which issuer notified (DD/MM/YYYY):

14 March 2020

7. Total positions of person(s) subject to the notification obligation


% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuer vii

Resulting situation on the date on which threshold was crossed or reached

3.40

0

3.40

700,000,000

Position of previous notification (if

applicable)

n/a

n/a

n/a


 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii

A: Voting rights attached to shares

Class/type of
shares

ISIN code (if possible)

Number of voting rights ix

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Ordinary shares (Fund)

23,818,504

0

3.40

0

Ordinary shares (Fund Manager)

0

23,818,504

0

3.40

SUBTOTAL 8. A

23,818,504

3.40

 

 

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expiration
date x

Exercise/
Conversion Period xi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights













SUBTOTAL 8. B 1



 

 

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial instrument

Expiration
date x

Exercise/
Conversion Period xi

Physical or cash

settlement xii

Number of voting rights

% of voting rights






















SUBTOTAL 8.B.2



 

 

 

 

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii

X

Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity xiv ;(please add additional rows as necessary)


Name xv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

MIC Capital Partners (Public) Parallel Cayman, LP (Fund)

 

3.40

0

3.40

MIC Capital Partners (Public) (US) IM, LLC (Fund Manager)

 

3.40

0

3.40


10. In case of proxy voting, please identify:

Name of the proxy holder


The number and % of voting rights held


The date until which the voting rights will be held



11. Additional information xvi


 

Place of completion

London

Date of completion

14 March 2020

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

 

END
Posted at 03/2/2020 14:40 by bulltradept
I/C has it as a sell:

Shares in Finablr (FIN)* plunged by a quarter on the news that stock representing 56 per cent of the group has been pledged as collateral for borrowings. The 392m shares have been committed by BRS Ventures & Holdings Limited – a company owned by Dr Bavaguthu Raghuram Shetty, who founded Finablr as well as NMC Health (NMC). The latter has recently been the subject of a Muddy Waters' short report.

FIN:LSE
Finablr PLC

1mth
Today change
-9.81%Price (GBP)
74.50
The borrowings raised by BRS Ventures date from March 2016, and were used to refinance an acquisition facility relating to the purchase of currency exchange business Travelex in January 2015. The original amount of the borrowing has been reduced by sums received from Finablr’s initial public offering (IPO) in May 2019, and other cash flows of entities belonging to the BRS group.

Finablr’s market value hit a new low in response. Sentiment had already been knocked by the newsflow around NMC, not to mention the disposal of 40.5m shares in the group by two investors earlier this month, in a transaction designed to reduce the sellers’ “outstanding indebtedness”. The investors in question – Saeed Mohamed Butti Mohamed Khalfan Al Qebaisi and Khaleefa Butti Omair Yousif Ahmed Al Muhairi – simultaneously offloaded 31.2m shares in NMC.

A cyber-attack also hit Travelex on New Year’s Eve, leading it to take all of its systems offline. Finablr’s other brands were unaffected. In a statement following the announcement about BVR’s share pledge, Finablr said that its operations continue to function as normal. It added that the cyber incident is in the process of being resolved, has no impact on its 2019 results and is not expected to have a material impact on its performance in 2020.

The group has sought clarification from BRS about the pledge disclosures. “BRS has reassured the company around the level of security represented by its shareholding in Finablr and the discussions that it has had with its banking group around repayment/refinancing of the loan as well as the other collateral sources should these be required”.

IC View
At 94p, Finablr’s shares trade well below their 175p flotation price. This usage of stock as security for a loan just adds to the bad news that has emerged in recent weeks - albeit co-chairman Michael Tomalin did buy 30,000 shares for £28,035 on 28 January. We’d be inclined to steer clear for now. Sell.

Last IC view: Hold, 174p, 20 Aug 2019

*This article was updated on 28/01/2020

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