Business
Admission to Trading and First Day of Dealings
Admission to Trading and First Day of Dealings.
About this update from Distribution Finance Capital Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 4341Y Distribution Finance Cap. Hldgs PLC 09 May 2019 \n\n9 May 2019\n \nTHIS ANNOUNCEMENT, INCLUDING THE INFORMATION CONTAINED IN IT IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE WITHIN THIS ANNOUNCEMENT.\n \nDistribution Finance Capital Holdings plc\nAdmission to Trading on AIM and First Day of Dealings\n \nDistribution Finance Capital Holdings plc (\"DFC Holdings\", or the \"Company\"), a business lender which builds relationships with manufacturers and then provides working capital solutions up and down their supply chains, is pleased to announce the admission today of its entire issued and to be issued share capital to trading on AIM, a market operated by the London Stock Exchange (\"Admission\"). Macquarie Capital (Europe) Limited (\"Macquarie\") is acting as Nominated Adviser and Broker to the Company in relation to Admission.\n \nHighlights\n· The demerger of Distribution Finance Capital Limited (\"DFC\") from TruFin plc to the Company (the \"Demerger\") successfully completed on 8 May 2019, following the receipt of all necessary TruFin plc shareholder approvals on 7 May 2019.\n· Dealings in the ordinary shares of the Company will commence today at 8.00am under the ticker \"DFCH\" and with the ISIN \"GB00BJ7HMR72\".\n· On Admission, DFC Holdings will have 106,641,926 ordinary shares in issue and a market capitalisation of £95.97 million (based on the Placing Price of 90 pence per Ordinary Share).\n· Following completion of the Demerger and conditional only upon Admission, Arrowgrass Master Fund Ltd and the TruFin EBT (both shareholders in DFC Holdings) have sold 19,443,907 and 2,587,967 ordinary shares in the Company, respectively, to institutional and professional investors and directors of DFC Holdings (the \"Vendor Placing\"). The Vendor Placing was effected by Macquarie as Sole Bookrunner at the placing price of 90 pence per Ordinary Share. Following the Vendor Placing, Arrowgrass Master Fund Ltd wil...