Business
Notice of Tender Offer and AGM
Notice of Tender Offer and AGM.
About this update from Trufin Plc
[{"type":"text","content":"\n \nRNS Number : 3408Z TruFin PLC 17 May 2019 \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. \n \nCERTAIN INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION FOR THE PURPOSE OF THE MARKET ABUSE REGULATION EU (NO) 596/2014. UPON PUBLICATION OF THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN. \n \n17 May 2019\nTruFin plc\n(\"TruFin\" or the \"Company\" or together with its subsidiaries \"TruFin Group\")\n\nPROPOSED TENDER OFFER FOR UP TO A MAXIMUM VALUE OF APPROXIMATELY £5 MILLION \nAT A FIXED PRICE OF 92 PENCE PER ORDINARY SHARE\nAND\nNOTICE OF ANNUAL GENERAL MEETING\n \nTruFin 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. \nThe Tender Offer is subject to approval by the Company's Shareholders of the purchase of the Ordinary Shares pursuant to the Tender Offer and this is being sought at the Company's 2019 Annual General Meeting which will be held on Tuesday, 4 June 2019 at 11:30am at the offices of Travers Smith at 10 Snow Hill, London, EC1A 2AL.\nHighlights of the Tender Offer\n· Under the Tender Offer, each Eligible Shareholder is entitled to have its shareholding purchased by the Company at the Tender Price of 92 pence per Ordinary Share up to that Eligible Shareholder's Basic Entitlement together with potential further purchases depending on the number of Ordinary Shares tendered by other Eligible Shareholders (subject to the overall maximum number indicated below).\n· The Company will purchase existing issued Ordinary Shares for a total purchase price of up to £5 million.\n· The maximum number of Ordinary Shares that will be purchased by the Company under the Tender Offer is 5,435,105, representing approximately 5.582 per cent. of the Company's issued share capital as at 16 May 2019 (assuming full take-up of the Tender Offer at the Tender Price).\n· ...