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Share Name Share Symbol Market Type Share ISIN Share Description
Finablr Plc LSE:FIN London Ordinary Share GB00BJ7HMW26 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 10.48 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 1,124.96 -34.73 73
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 10.48 GBX

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Date Time Title Posts
19/10/202209:15Travelex owner1,558
08/3/202211:38Binay Shetty2
05/3/202209:25Encouraging read76
04/3/202216:33Don't understand6
15/11/201308:40 ҉ Infinis Energy PLC - Leading Generator of Renewable Power ҉ 28

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Posted at 09/2/2023 08:20 by Finablr Daily Update
Finablr Plc is listed in the Software & Computer Services sector of the London Stock Exchange with ticker FIN. The last closing price for Finablr was 10.48p.
Finablr Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0p while the 1 year low share price is currently 0p.
There are currently 700,000,000 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Finablr Plc is £73,360,000.
Posted at 19/10/2022 09:15 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 06/6/2022 22:37 by denington
HL 18th May

Finablr Plc - Administration
Hargreaves Lansdown Fund & Share Account

Finablr Plc shares were suspended from trading on the London Stock Exchange on 16 March 2020 due to concerns over its financial position.

The company has now entered into administration. This means that the administrators, PKF GM, will take over the running of the company.

Trading in the shares of the company will continue to be suspended.

We’ll contact you again when we have more information for you. If you have any questions, please contact us.

Yours sincerely,

Suzanne Butler

Corporate Actions

Posted at 04/3/2022 12:02 by myself7721
https://uk.advfn.com/stock-market/london/finablr-FIN/share-news/Finablr-PLC-Statement-re-Notification-of-Auditor-R/87446056
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 17/12/2020 08:03 by h2owater
Thursday 17 December, 2020
Finablr PLC
Update on transaction of Finablr Limited

RNS Number : 9796I
Finablr PLC
17 December 2020

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014.





17 December 2020

Finablr PLC (the "Company")

Update on transaction of Finablr Limited

Background

Further to its announcement on 6 October 2020, the Company today announces that it has entered into a definitive agreement with Global Fintech Investments Holding AG ("GFIH"), an affiliate of Prism Group AG ("Prism") to sell to GFIH the entire issued share capital of Finablr Limited, the Company's wholly owned subsidiary. Finablr Limited owns the entire remainder of the Company's group (the "Target Group" and the "Transaction"). The Transaction will constitute the sale by the Company of its entire business and operations. Prism has formed a consortium with Abu Dhabi's Royal Strategic Partners ("RSP") in connection with the Transaction, as further described below.

Terms of the Transaction

The completion of the Transaction is subject to customary conditions, including the receipt of certain regulatory approvals.

In return for the transfer of the Target Group to GFIH, in addition to the nominal initial consideration of US$1 payable, GFIH is providing working capital support to the Target Group to enable it to continue to operate and to support various stakeholders in the Target Group, including employees and creditors of the Target Group. In addition, GFIH will undertake to support and facilitate the Company's continued efforts to recover funds from third parties in respect of possible historic wrongdoing within the Group. In this regard, subject to certain conditions, the Company and GFIH have agreed that GFIH shall pay to the Company, by way of additional consideration, a further amount equal to 25 per cent of any such funds received by the Target Group from third parties, up to a maximum of US$190,000,000. GFIH has also agreed certain provisions with the Company relating to the coordination of efforts to investigate possible historic wrong doing within the Target Group.

The Company intends to use the nominal consideration and any further consideration received to return value to its creditors, followed by its shareholders. Given the circumstances of the Company and the fact that absent the proposed funding from GFIH the Company will have insufficient working capital the Board of the Company believes that the Transaction is in the best interests of the shareholders of the Company.

Strategic rationale

Prism has formed a consortium with Abu Dhabi's RSP to rescue and rebuild the UAE-based financial services company, Finablr. Together, Prism aims to work with all stakeholders to revitalise the Target Group, which was a core pillar for cross border financial services in the UAE, providing currency exchange and remittance solutions that supported thousands of businesses and millions of customers around the world.

Prism and RSP are building a highly experienced executive management team to help lead the proposed transformation of Finablr. Through this transformation, Prism intends to create a world-leading, financial services platform for the emerging and frontier markets.

Prism and RSP believe they have a strong network within the key public and private sectors, which will bring tangible value and support to our all stakeholders including clients, employees, regulators, suppliers and third-party vendors.

Prism and RSP are working with established advisors to help find the optimal solution for the near-term and long-term benefit of the Target Group. Prism has retained Kirkland & Ellis, White & Case and Druces LLP as legal counsel, and a global restructuring firm as financial advisers.

Prism and RSP look forward to engaging with all stakeholders in connection with the proposed restructuring of the Target Group.



END

Posted at 09/10/2020 06:53 by jonjones777
Or rather search "FINABLR Share Price" instead of "FIN Share Price" to make sure the browser doesn't confuse it with Finnair Plc results. The rest remains the same.
Posted at 16/3/2020 07:49 by azuli
KeywordCompanyEPIC/TIDMSEDOL/ISINNews

PriceAnnouncementsFundamentalsNewsArticleRSS

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

Posted at 26/1/2020 12:43 by alamaison5
The FIN share price has gone down by over 50% in the last 6 months.
The 56% security request by BRS comes short of the original loan value.
BRS is certainly not going to recover the loan money by selling these. Anyway, they can't.
Only if FIN goes bankrupt...

FIN share price will rise on Monday but my guess is that it will fall straight back...to 100p? MMs like round numbers.

Let's not forget about the hacking which has badly damaged FIN's reputation.
And cost them money, even if THIS useless RNS on Friday says otherwise.

Finablr share price data is direct from the London Stock Exchange
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