TruFin plc, the AIM listed niche lender and payments provider, is pleased to announce that the Notice of 2021 Annual General Meeting (the "Notice") and 2021 Form of Proxy are now available on its website, here, and have also been posted to registered shareholders. As announced on 19 April 2021, the Company's Annual Report and Accounts for the year ended 31 December 2020 is also available on the we
Full year results demonstrate resilient growth and strong momentum into 2021
Arrowgrass Master Fund Limited (the "Selling Shareholder") has announced that it has successfully sold 43,507,587 ordinary shares in the Company at a price of 45 pence per share, which represents approximately 53.83% of the Company's issued share capital (the "Placing").
TruFin is pleased to announce that revenues for the 12 months ended 31 December 2020 are expected to be significantly ahead of market expectations at approximately £14.6m (FY19: £7.3m), representing year-on-year growth in excess of 100%. This has predominantly been driven by strong performance from the console division of Playstack Ltd (“Playstack”) which, despite the furth
TruFin is pleased to announce that Satago has entered into a commercial pilot with Lloyds Bank, whereby the Bank will license Satago's software platform for its customers seeking single invoice finance solutions.
Further to the announcements of 14 August and 21 October 2020, the Company announces that Distribution Finance Capital Holdings plc has repaid the outstanding loan and associated interest and costs, totalling £9,490,721 to TruFin.
TruFin today announces that it has mutually agreed with Distribution Finance Capital Holdings plc (“DF Capital”) that DF Capital will fully repay, on 4 January 2021, an outstanding loan, pursuant to the unsecured loan agreed between the Company and DF Capital dated 29 May 2018 (and subsequently amended on 11 April 2019 and 14 August 2020), when DF Capital was a subsidiary of TruFi
The Company announced on 13 September 2019 that Arrowgrass Capital Partners LP ("Arrowgrass"), as investment manager, would be closing Arrowgrass Master Fund Limited ("AMFL"), a substantial shareholder of TruFin, and that in due course it would divest the investment positions held by AMFL. The Company has been informed by Arrowgrass that its investment management of AMFL will continue to 31 Decemb
Please find the full RNS of our interim results for the six months ended 30 June 2020 here.
TruFin announces that it has agreed with Distribution Finance Capital Ltd ("DFC") to reschedule a final loan repayment by DFC to TruFin that falls due on 1 December 2020, pursuant to an unsecured loan agreed between the Company and DFC dated 29 May 2018 (and subsequently amended on 11 April 2019), when DFC was a subsidiary of TruFin (the "Loan").