TruFin is announcing an unaudited trading update for the three months ended 30 September 2019.
Further to the circulation of written resolutions and the announcement by the Company of the passing of Resolution 3 on 11 September 2019, Resolutions 1 and 2 have been passed as special resolutions today.
The Board of TruFin notes the recent decision by Arrowgrass Capital Partners LP (“Arrowgrass”) that it is closing the Arrowgrass Master Fund Limited (“AMFL”), which will in due course entail the divestment of the investment positions currently held in AMFL. AMFL is a substantial shareholder in TruFin. Arrowgrass has confirmed that the divestment process will be
INTERIM FINANCIAL REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2019, MANAGEMENT CHANGE OF ROLES, ACQUISITION OF PLAYSTACK LIMITED (“PLAYSTACK”) AND WRITTEN RESOLUTIONS
Notification and public disclosure of transactions by persons discharging managerial responsibilities.
The Company is pleased to announce that it has undergone a restructuring, with Head Office costs of the Company expected to be reduced by approximately 35% on an annualised basis to better reflect the Company’s activities as well as the reduced size of the TruFin Group. These actions confirm, and build upon, previous commitments made at the time of the demerger of Distribution Finance
TruFin is pleased to announce that its second Annual General Meeting was held in London today where all resolutions as proposed in the notice of AGM were duly passed.
TruFin is pleased to announce that it is proposing to purchase up to 5,435,105 Ordinary Shares through a tender offer (the "Tender Offer") at a fixed price of 92 pence per Ordinary Share (the "Tender Price"), which equates to a maximum value of approximately £5 million.
We are pleased to announce that TruFin subsidiary Oxygen Finance has won the Solutions Provider Award 2019 from Public Finance, along with its client Warwickshire County Council. Please see below for the full release
Further to the announcement by the Company on 17 April 2019 (the "Transaction Announcement") in relation to its proposed demerger of Distribution Finance Capital Limited from the Company (the "Demerger") and sale of its entire stake in Zopa Group Limited ("Zopa") for £44.5 million, the Company is pleased to announce that all the Resolutions proposed at the General Meeting of the Company held