22 Feb 2019 11:17
22 February 2019
TruFin plc("TruFin" or the "Company" or together with its subsidiaries "TruFin Group")
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 first anniversary of the Company's admission date of 21 February 2018, 25% of the JSOP Founder Awards (as defined in the Admission Document) have vested. Based on the closing share price of 198p per ordinary share on 20 February 2019 (price per share at Admission of 190p), 4.04% of 25% of the ordinary shares have become beneficially owned by Simon Henry Kenner and James van den Bergh.
The relevant number of shares that have vested under the JSOP are set out below.
The balance of 817,550 ordinary shares that were also subject to the 25% JSOP Founder Awards that have vested, 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.
Director | No of Ordinary Shares Vested
|
Simon Henry Kenner | 18,441
|
James van den Bergh | 15,982
|
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Simon Henry Kenner
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chairman and CEO | |||
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
| Vesting of shares under the Joint Share Ownership Plan 2018 | |||
c)
| Price(s) and volume(s) | ||||
Price(s) - GBP | Volume(s) | ||||
0.00 | 18,441 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | N/A | ||||
- Price (GBP) | N/A | ||||
- Total | N/A | ||||
e)
| Date of the transaction
| 21 February 2019 | |||
f)
| Place of the transaction
| Vesting of the shares occurred outside a trading venue | |||
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
| Director and Deputy CEO | |||
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
| Vesting of shares under the Joint Share Ownership Plan 2018 | |||
c)
| Price(s) and volume(s) | ||||
Price(s) - GBP | Volume(s) | ||||
0.00 | 15,982 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | N/A | ||||
- Price (GBP) | N/A | ||||
- Total | N/A | ||||
e)
| Date of the transaction
| 21 February 2019 | |||
f)
| Place of the transaction
| Vesting of the shares occurred outside a trading venue | |||
For further information, please contact:
TruFin plcHenry Kenner, Chief Executive OfficerJames van den Bergh, Deputy Chief Executive Officer | 0203 743 1340 |
Macquarie Capital (Europe) Limited (NOMAD and joint broker)Alex ReynoldsNicholas Harland | 0203 037 2000 |
Liberum Capital Limited (Joint broker) Chris ClarkeTrystan CullenLouis Davies | 0203 100 2000 |
Blue Pool Communications (PR)Nicholas Lord | 07501 271 083 |
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)