Business
Result of Tender Offer
Result of Tender Offer.
About this update from Trufin Plc
[{"type":"text","content":"\n \nRNS Number : 9060X TruFin PLC 24 December 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 \n24 December 2019\nTruFin plc\n(\"TruFin\" or the \"Company\" or together with its subsidiaries \"TruFin Group\")\n \nRESULTS OF TENDER OFFER\nThe 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.\n \nIn accordance with the terms of the Tender Offer, each Shareholder is entitled to sell up to 12.086 per cent. of the aggregate number of Ordinary Shares registered in the Shareholder's name rounded down to the nearest whole number of shares (the \"Basic Entitlement\"). Shareholders who tendered to sell less than or equal to their Basic Entitlement have had their tender satisfied in full. Shareholders who tendered more than their Basic Entitlement have had their Basic Entitlement satisfied in full and any Ordinary Shares tendered above their Basic Entitlement have been scaled down (to the nearest whole number of Ordinary Shares) to 0.74807131 per cent. so that the number of Ordinary Shares to be purchased by the Company pursuant to the Tender Offer is the maximum of 11,111,112 Ordinary Shares.\n \nThe Ordinary Shares purchased by the Company pursuant to the Tender Offer will be cancelled and following such purchase the Company will have 80,822,204 Ordinary Shares in issue.\n \nThe posting of cheques in respect of certificated Ordinary Shares purchased pursuant to the Tender Offer is expected to occur by 7 January 2020. The crediting of CREST accounts for uncertificated Ordinary Shares purchased pursuant to the Tender Offer is expected to occur by 31 December 2019.\n \nThe crediting of CREST accounts with uncertificated Ordinary Shares unsuccessfully tendered is expected to occur by 27 December 2019. The dispatch of balance share certificates for unsold certificated Ordinary Shares and the return of share certificates for unsuccessful tenders of certificated Shares are also expected to occur by 7 January 2020.\n \nTerms used in this announcement shall ha...