TruFin PLC Statement re Satago (4016B)

TIDMTRU TIDMTRU

RNS Number : 4016B

TruFin PLC

10 June 2021

10 June 2021

TruFin plc

("TruFin" or the "Company")

Satago Financial Solutions Limited ("Satago") announces an extension to the commercial pilot with Lloyds Bank plc ("Lloyds Bank" or the "Bank")

TruFin is pleased to announce a six-month extension to Satago's commercial pilot with Lloyds Bank to enable pilot testing to be concluded. It is anticipated that the trial will conclude during the six-month extension period and, if successful, will lead to a five-year commercial agreement with Lloyds Bank.

Both parties are keen to work closely and continue the commercial pilot, in which Satago will develop further integrations with the Bank's infrastructure and drive additional reach through Lloyds' regional sales network.

For further information, please contact:

 
  TruFin plc 
   James van den Bergh, Chief Executive Officer     0203 743 1340 
  Kam Bansil, Investor Relations                     07779 229508 
 Liberum Capital Limited (NOMAD and Broker) 
  Chris Clarke 
  Louis Davies                                     0203 100 2000 
 

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

The information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No.596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019. By the publication of this Announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain. The person responsible for arranging for the release of this Announcement on behalf of the Company is Annie Styler.

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June 10, 2021 02:00 ET (06:00 GMT)