Vesting of JSOP Founder Awards

RNS Number : 6739D

TruFin PLC

21 February 2020

 

21 February 2020

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

Vesting of Share Incentive/Options for Directors and Other Person Discharging Managerial Responsibilities (together "PDMRs")

In accordance with the terms of the TruFin Joint Share Ownership Plan 2018 (the "JSOP"), the details of which are set out in the Company's Admission Document, TruFin announces that following the second anniversary of the Company's admission date of 21 February 2018, 25% of the JSOP Founder Awards (as defined in the Admisssion Document) have vested.

Based on the closing share price of the Company on 20 February 2020, all 395,560 ordinary shares subject to the 25% of the JSOP Founder Award held by James van den Bergh have ceased to be subject to the JSOP and are held by the trustee of the TruFin plc Employee Benefit Trust.

The issued share capital of the Company remains unchanged.  

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	James van den Bergh
2	Reason for the notification
a)	Position/status	CEO and Director of TruFin plc
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	TRUFIN PLC
b)	LEI	213800C2QPZFECSRZ964
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary Shares
	Identification code	ISIN: JE00BYVWJZ03
b)	Nature of the transaction	Shares ceasing to be subject to the Company's Joint Share Ownership Plan
c)	Price(s) and volume(s)
			Price(s) - GBP	Volume(s)
			Nil	395,560
d)	Aggregated information	N/A
	- Aggregated volume
	- Price (GBP)
	- Total
e)	Date of the transaction	21/02/2020
f)	Place of the transaction	AIM / London Stock Exchange

For further information, please contact:

TruFin plc James van den Bergh, Chief Executive Officer	0203 743 1340
Macquarie Capital (Europe) Limited (NOMAD and joint broker) Alex Reynolds	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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