Less Ads, More Data, More Tools Register for FREE

Pin to quick picksFFX.L Share News (FFX)

  • There is currently no data for FFX

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

FairFX To Issue Placing Shares In One Tranche After FCA Approval (ALLISS)

Thu, 10th Mar 2016 18:22

LONDON (Alliance News) - FairFx Group PLC said it expects to issue all the placing shares in its GBP5.25 million fundraising, after Crystal Amber Fund Ltd obtained approval from the Financial Conduct Authority in connection to its acquisition of a holding in the company's subsidiary FairFX PLC.

The company had originally planned to issue the shares in two separate tranches to provide UK regulators with enough time to raise any objections.

Crystal Amber has agreed to invest GBP5.0 million for 25 million shares in FairFX, equivalent to a 24.24% stake. Crystal Amber could come to own 29.38% of FairFX if it exercises a warrant allowing the activist to subscribe for 7.5 million shares at 27.0p per share.

That investment formed the bulk of a broader placing to raise GBP5.25 million in total, including from other institutional investors. The money will be used to increase marketing expenditure and "aggressively" target corporate card customers.

This fundraising remains subject to shareholder approval.

Shares in FairFX Group last closed at 30.00 pence.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

Copyright 2016 Alliance News Limited. All Rights Reserved.

More News
26 Sep 2018 10:27

FairFx Interim Profit Surges As Revenue Rises In "Excellent" Results

LONDON (Alliance News) - Currency exchange firm FairFx Group PLC said Wednesday its profit leapt higher as operating leverage fed through from strong growth in its increasingly diversified revenue

Read more
26 Sep 2018 08:40

FairFX turns in strong first-half despite sterling weakness

(Sharecast News) - FairFX brushed off the impact of sterling's weakness as it turned in a strong set of first-half results on Wednesday.

Read more
6 Jul 2018 08:58

FairFX Expects Interim Revenue To Double On CardOne And City Forex

LONDON (Alliance News) - FairFX Group PLC on Friday said it saw a substantial revenue growth in the first half of its current financial year boosted by recent acquisitions.The payments to a

Read more
23 Apr 2018 10:35

FairFX Swings To 2017 Profit On Revenue Jump As 2018 Growth Continues

LONDON (Alliance News) - Multi-currency payments service provider FairFX Group PLC said Monday it swung to a profit in 2017, after revenue grew strongly as its continues to see significant growth

Read more
19 Jan 2017 09:27

FairFX Acquires Q Money And E-Money Licence In Cash And Shares (ALLISS)

Read more
3 Nov 2016 13:24

FairFX breaks £10m barrier for monthly card loads

(ShareCast News) - Budget currency payments service FairFX breaks the £10m barrier for monthly loads while turnover for the quarter increased. The company's overall performance remains in line with market expectations as for the quarter ended 31 October, turnover climbed 45% year-on-year to £314m

Read more
2 Aug 2016 14:11

FairFX teams up with Monarch

(ShareCast News) - FairFX has teamed up with UK airline Monarch to help holidaymakers save money on travel and benefit from a better customer experience. Monarch has signed an agreement with the FinTech low-cost multi-currency payments service to mutually promote each other's products, helping holid

Read more
2 Aug 2016 08:15

FairFX Signs Cross-Promotional Deal With Monarch Airlines

Read more
28 Jul 2016 09:21

FairFX Partners Premier League Champions Leicester City Football Club

Read more
21 Jul 2016 08:22

FairFX First Half Revenue Ahead Of Expectations Amid Strong Growth

Read more
20 Jul 2016 13:08

FairFX Appoints Egg.com Founder Bob Head As Non-Executive

Read more
27 Jun 2016 08:31

Brexit gives FairFX a record week

(ShareCast News) - Low-cost currency provider and fintech company FairFX announced on Monday that it delivered a record week in terms of KPIs during the final stages of the EU referendum, with revenue up 30% on the previous record week achieved in July 2015 and up over 50% on the same week in June 2

Read more
27 Jun 2016 06:56

FairFX Reports Record Week Of Revenue During Brexit Vote

Read more
20 Jun 2016 15:42

FairFX enters mutual marketing agreement with Holiday Extras

(ShareCast News) - Low-cost foreign exchange provider FairFX announced on Monday that it has signed an agreement with Holiday Extras, to mutually promote each other's products. Holiday Extras is a UK-based seller of so-called travel "extras", including airport hotels, travel insurance, parking and l

Read more
20 Jun 2016 07:27

FairFX Signs Strategic Partnership With UK-Based Holiday Extras

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.