TruFin PLC General Meeting Results (8265X)

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RNS Number : 8265X

TruFin PLC

23 December 2019

23 December 2019

TruFin plc

("TruFin" or the "Company" or together with its subsidiaries "TruFin Group")

GENERAL MEETING RESULTS

TruFin is pleased to announce that its General Meeting was held in London today where the shareholder resolution giving the necessary authorities for the Tender Offer set out in the Company's circular dated 4 December 2019 (the "Circular") has been passed. As described in the Circular, the Tender Offer closes at 1:00 p.m. today and the Company expects the results of the Tender Offer to be announced at 7:00 a.m. tomorrow, 24 December 2019.

The votes received in respect of the resolution were as follows:

 
 General Meeting Resolution (with                    For               Against       Withheld 
  defined terms as per the Notice 
  of Meeting) 
                                               Number       %      Number     %       Number 
                                            -----------  -------  -------  -------  --------- 
      Purchase of Own Shares under 
       the Tender Offer 
       1. That the Company be authorised 
       to purchase, in accordance 
       with Article 57 of the Companies 
       Law, Ordinary Shares as per 
       the terms of the Tender Offer 
       described in this Circular 
       provided that: 
       (a) the maximum number of 
       Ordinary Shares hereby authorised 
       to be acquired is 11,111,112; 
       (b) the price which may be 
       paid for each Ordinary Share 
       is 45 pence; 
       (c) unless previously renewed, 
       varied or revoked by the Company 
       in a general meeting, the 
       authority hereby conferred 
       shall expire on 31 January 
       2020 or, if earlier, on the 
       date of the next annual general 
       meeting of the Company; 
       (d) the Company may make a 
       contract to purchase its Ordinary 
       Shares under the authority 
       hereby conferred prior to 
       the expiry of such authority, 
       which contract will or may 
       be executed wholly or partly 
       after the expiry of such authority, 
       and may purchase its Ordinary 
       Shares in pursuance of any 
       such contract; 
       (e) the Directors provide 
       a statement of solvency in 
       accordance with Articles 55 
       and 57 of the Companies Law; 
       and 
       (f) such shares are acquired 
       for cancellation or to be 
       held as treasury shares in 
       accordance with Article 58A 
 1.    of the Companies Law.                 83,732,852   100.00   0        0.00     2,292 
     -------------------------------------  -----------  -------  -------  -------  --------- 
 
 

The Resolution was passed as a special resolution.

A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes against the resolution.

For further information, please contact:

TruFin plc 0203 743 1340

James van den Bergh, Chief Executive Officer

Macquarie Capital (Europe) Limited (NOMAD and joint broker) 0203 037 2000

Alex Reynolds

Liberum Capital Limited (Joint broker) 0203 100 2000

Chris Clarke

Louis Davies

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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December 23, 2019 05:26 ET (10:26 GMT)