TIDMTRU TIDMTRU

RNS Number : 0267M

TruFin PLC

11 September 2019

11 September 2019

TruFin plc

("TruFin" or the "Company")

PDMR Notification

Notification and public disclosure of transactions by persons discharging managerial responsibilities.

Further to the announcement by the Company earlier today (the "First Announcement"), TruFin announces that the ordinary resolution to approve the updated remuneration policy of the Company has now been passed. TruFin will announce the results of the remaining two resolutions when known.

In connection with the changes of roles of Henry Kenner and James van den Bergh and the related restructure of the Company's Management Incenive Plan, as described in the First Announcement, the Company announces that the following transactions have been undertaken by certain Directors of the Company.

 
 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               Initial notification 
        /Amendment 
      ---------------------------------  ----------------------------------------- 
 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                 Ordinary Shares 
        financial instrument, 
        type of instrument 
 
       Identification code                ISIN: JE00BYVWJZ03 
 
 b)    Nature of the transaction          Grant of award under the Company's 
                                           Performance Share Plan 2018 
      ---------------------------------  ----------------------------------------- 
 c)    Price(s) and volume(s) 
                                          ------------------------  ------------ 
                                           Price(s) - GBP            Volume(s) 
                                          ------------------------  ------------ 
    Exercise price 
     of nil pence per 
     ordinary share                                                  320,000 
   ---------------------------------------------------------------  ------------ 
 
 d)    Aggregated information             N/A 
 
  - Aggregated volume 
 
  - Price (GBP) 
 
  - Total 
 
 e)    Date of the transaction            11/09/2019 
      ---------------------------------  ----------------------------------------- 
 f)    Place of the transaction           AIM / London Stock Exchange 
      ---------------------------------  ----------------------------------------- 
 
 
 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               Initial notification 
        /Amendment 
      ---------------------------------  ----------------------------------------- 
 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                 Ordinary Shares 
        financial instrument, 
        type of instrument 
 
       Identification code                ISIN: JE00BYVWJZ03 
 
 b)    Nature of the transaction          Grant of award under the Company's 
                                           Performance Share Plan 2018 
      ---------------------------------  ----------------------------------------- 
 c)    Price(s) and volume(s) 
                                          ------------------------  ------------ 
                                           Price(s) - GBP            Volume(s) 
                                          ------------------------  ------------ 
    Exercise price 
     of GBP0.803 per 
     ordinary share                                                  3,164,763 
   ---------------------------------------------------------------  ------------ 
 
 d)    Aggregated information             N/A 
 
  - Aggregated volume 
 
  - Price (GBP) 
 
  - Total 
 
 e)    Date of the transaction            11/09/2019 
      ---------------------------------  ----------------------------------------- 
 f)    Place of the transaction           AIM / London Stock Exchange 
      ---------------------------------  ----------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                 Henry Kenner 
      -----------------------------------  ---------------------------------------------- 
 2     Reason for the notification 
      ----------------------------------------------------------------------------------- 
 a)    Position/status                      Director of TruFin plc 
      -----------------------------------  ---------------------------------------------- 
 b)    Initial notification                 Initial notification 
        /Amendment 
      -----------------------------------  ---------------------------------------------- 
 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                   Ordinary Shares 
        financial instrument, 
        type of instrument 
 
       Identification code                  ISIN: JE00BYVWJZ03 
 
 b)    Nature of the transaction            Surrender of awards under the Company's 
                                             Performance Share Plan 2018 
      -----------------------------------  ---------------------------------------------- 
 c)    Price(s) and volume(s) 
                                            --------------------------  --------------- 
                                             Price(s) - GBP              Volume(s) 
                                            --------------------------  --------------- 
    Nil                                                                  2,559,210 
   -------------------------------------------------------------------  --------------- 
 
 d)    Aggregated information               N/A 
 
  - Aggregated volume 
 
  - Price (GBP) 
 
  - Total 
 
 e)    Date of the transaction              11/09/2019 
      -----------------------------------  ---------------------------------------------- 
 f)    Place of the transaction             AIM / London Stock Exchange 
      -----------------------------------  ---------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                 Henry Kenner 
      -----------------------------------  -------------------------------------------- 
 2     Reason for the notification 
      --------------------------------------------------------------------------------- 
 a)    Position/status                      Director of TruFin plc 
      -----------------------------------  -------------------------------------------- 
 b)    Initial notification                 Initial notification 
        /Amendment 
      -----------------------------------  -------------------------------------------- 
 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                   Ordinary Shares 
        financial instrument, 
        type of instrument 
 
       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                                                                 1,369,244 
   ------------------------------------------------------------------  -------------- 
 
 d)    Aggregated information               N/A 
 
  - Aggregated volume 
 
  - Price (GBP) 
 
  - Total 
 
 e)    Date of the transaction              11/09/2019 
      -----------------------------------  -------------------------------------------- 
 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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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September 11, 2019 11:21 ET (15:21 GMT)

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