Business
Demerger Effective And DFC Holdings Admission
Demerger Effective And DFC Holdings Admission.
About this update from Trufin Plc
[{"type":"text","content":"\n \nRNS Number : 4340Y TruFin PLC 09 May 2019 \n\n \n9 May 2019\n \nTruFin Plc\n(\"TruFin\" or the \"Company\")\n \nDEMERGER EFFECTIVE AND DFC HOLDINGS ADMISSION\n \nFurther to the announcement by the Company on 17 April 2019 in relation to its proposed demerger of Distribution Finance Capital Limited from the Company to Distribution Finance Capital Holdings plc (\"DFC Holdings\") (the \"Demerger\"), the Company is pleased to announce that the Demerger became effective at 11:00 p.m. on 8 May 2019.\n \nPursuant to the Demerger, the holders of ordinary shares in TruFin who were registered on the TruFin share register at 5.00 p.m. on 8 May 2019 have received, for every one ordinary share held by them in TruFin, one ordinary share in DFC Holdings.\n \nDFC Holdings' admission to AIM and trading in DFC Holdings ordinary shares under the ticker \"DFCHLN\" and with ISIN \"GB00BJ7HMR72\" is expected to commence at 8.00 a.m. today.\n \nCREST accounts will be credited with DFC Holdings ordinary shares on 9 May 2019. Shareholders will be sent share certificates in respect of any certificated holdings in DFC Holdings by 16 May 2019.\n \nThe Company is pleased to announce that the sale of its entire stake in Zopa Group Limited (\"Zopa\") for £44.5 million completed yesterday.\n \nFor further information, please contact:\n\n\n\nTruFin plcHenry Kenner, Chief Executive Officer\nJames van den Bergh, Deputy Chief Executive Officer\n\n\n0203 743 1340\n\n\n\n\n\n\n\n\n\n\n\n\nMacquarie Capital (Europe) Limited (NOMAD and joint broker)Alex Reynolds\nNicholas Harland\n\n\n0203 037 2000\n\n\n\n\n\n\n\n\n\n\n\n\nLiberum Capital Limited (Joint broker) \nChris Clarke\nTrystan Cullen\nLouis Davies \n\n\n0203 100 2000\n\n\n\n\n\n\n\n\n\n\n\n\nBlue Pool Communications (PR)\nNicholas Lord\n\n\n07501 271 083\n\n\n\n \nAbout TruFin plc:\nTruFin 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\n \n\nThis information is provided by RNS, the news service ...