TruFin PLC Vesting of JSOP Founder Awards (6739D)

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RNS Number : 6739D

TruFin PLC

21 February 2020

21 February 2020

TruFin plc

("TruFin" or the "Company")

Vesting of Share Incentive/Options for Directors and Other Person Discharging Managerial Responsibilities (together "PDMRs")

In accordance with the terms of the TruFin Joint Share Ownership Plan 2018 (the "JSOP"), the details of which are set out in the Company's Admission Document, TruFin announces that following the second anniversary of the Company's admission date of 21 February 2018, 25% of the JSOP Founder Awards (as defined in the Admisssion Document) have vested.

Based on the closing share price of the Company on 20 February 2020, all 395,560 ordinary shares subject to the 25% of the JSOP Founder Award held by James van den Bergh have ceased to be subject to the JSOP and are held by the trustee of the TruFin plc Employee Benefit Trust.

The issued share capital of the Company remains unchanged.

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                 James van den Bergh 
      -----------------------------------  -------------------------------------------- 
 2     Reason for the notification 
      --------------------------------------------------------------------------------- 
 a)    Position/status                      CEO and Director of TruFin plc 
      -----------------------------------  -------------------------------------------- 
 b)    Initial notification                 Initial notification 
        /Amendment 
      -----------------------------------  -------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------------- 
 a)    Name                                 TRUFIN PLC 
      -----------------------------------  -------------------------------------------- 
 b)    LEI                                  213800C2QPZFECSRZ964 
      -----------------------------------  -------------------------------------------- 
 4     Details of the transaction(s): section to be repeated 
        for (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
      --------------------------------------------------------------------------------- 
 a)    Description of the                   Ordinary Shares 
        financial instrument, 
        type of instrument 
 
       Identification code                  ISIN: JE00BYVWJZ03 
 
 b)    Nature of the transaction            Shares ceasing to be subject to the 
                                             Company's Joint Share Ownership Plan 
      -----------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s) 
                                            -------------------------  -------------- 
                                             Price(s) - GBP             Volume(s) 
                                            -------------------------  -------------- 
    Nil                                                                 395,560 
   ------------------------------------------------------------------  -------------- 
 
 d)    Aggregated information               N/A 
 
  - Aggregated volume 
 
  - Price (GBP) 
 
  - Total 
 
 e)    Date of the transaction              21/02/2020 
      -----------------------------------  -------------------------------------------- 
 f)    Place of the transaction             AIM / London Stock Exchange 
      -----------------------------------  -------------------------------------------- 
 

For further information, please contact:

 
 TruFin plc 
  James van den Bergh, Chief Executive Officer    0203 743 1340 
 
 Macquarie Capital (Europe) Limited (NOMAD and 
  joint broker) 
  Alex Reynolds                                   0203 037 2000 
 
 Liberum Capital Limited (Joint 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

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February 21, 2020 02:00 ET (07:00 GMT)