The Company is pleased to announce the results of the Tender Offer and that pursuant to the Tender Offer which closed in accordance with its published timetable at 1:00 p.m. on 23 December 2019, valid tenders have been received for 86,541,289 Ordinary Shares.
TruFin is pleased to announce that its General Meeting was held in London today where the shareholder resolution giving the necessary authorities for the Tender Offer set out in the Company's circular dated 4 December 2019 (the "Circular") has been passed. As described in the Circular, the Tender Offer closes at 1:00 p.m. today and the Company expects the results of the Tender Offer to be announce
PROPOSED TENDER OFFER TO PURCHASE ORDINARY SHARES FOR UP TO A MAXIMUM VALUE OF APPROXIMATELY £5 MILLION
We are pleased to announce that TruFin subsidiary Satago Financial Solutions Limited ("Satago") won ‘Best Invoice Finance Provider’ at Credit Strategy’s Lending Awards 2019.
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