Statement Regarding Closure of Arrowgrass

RNS Number : 3425M

TruFin PLC

13 September 2019

 

13 September 2019

TruFin plc
("TruFin" or the "Company")

Statement regarding closure of Arrowgrass Master Fund Limited ("AMFL")

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 orderly and focused on obtaining appropriate value for its investors over time.

The Board remains in regular contact with Arrowgrass and will keep investors updated as appropriate.

For further information, please contact:

TruFin plc James van den Bergh, Deputy Chief Executive Officer	0203 743 1340
Macquarie Capital (Europe) Limited (NOMAD and joint broker) Alex Reynolds Jonny Allison	0203 037 2000
Liberum Capital Limited (Joint broker) Chris Clarke Louis Davies	0203 100 2000

About TruFin plc:

TruFin 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

 

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