13 Sep 2019 15:55
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 plcJames van den Bergh, Deputy Chief Executive Officer | 0203 743 1340 |
Macquarie Capital (Europe) Limited (NOMAD and joint broker)Alex ReynoldsJonny Allison | 0203 037 2000 |
Liberum Capital Limited (Joint broker) Chris ClarkeLouis 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
Trufin Plc (TRU)