TruFin PLC Demerger Effective And DFC Holdings Admission (4340Y)

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

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 [e-mail] or visit www.rns.com.

END

UPDQVLFBKEFXBBD

(END) Dow Jones Newswires

May 09, 2019 02:00 ET (06:00 GMT)