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TRU Trufin Plc

77.00
0.00 (0.00%)
14 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Trufin Plc LSE:TRU London Ordinary Share JE00BYVWJZ03 ORD 91P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 77.00 77.00 80.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Personal Credit Institutions 16.12M -6.64M -0.0627 -12.52 83.08M

TruFin PLC Zopa Banking Licence (3038J)

04/12/2018 7:01am

UK Regulatory


Trufin (LSE:TRU)
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TIDMTRU

RNS Number : 3038J

TruFin PLC

04 December 2018

4 December 2018

TruFin plc

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

ZOPA BANKING LICENCE

TruFin is pleased to confirm that Zopa Financial Services Limited (a subsidiary of Zopa Group Limited, "Zopa") has been granted its banking licence with restrictions. This is a critical milestone for Zopa on its journey towards a full banking licence.

Jaidev Janardana, Zopa CEO, commented: "Zopa is uniquely positioned to succeed among challenger banks because of its 13 year track record of lending and risk management combined with cutting edge technology and excellent customer experience. Launching a bank, alongside its P2P offering, will enable Zopa to offer a wider range of products to its customers and build a more profitable and resilient business."

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 
 

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. 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 Jason Rogers.

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 rns@lseg.com or visit www.rns.com.

END

UPDTJBBTMBTMTTP

(END) Dow Jones Newswires

December 04, 2018 02:01 ET (07:01 GMT)

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