24th Dec 2019 10:18
(Alliance News) - Financial technology investor TruFin PLC on Tuesday said valid tenders have been received for 86.5 million shares.
The maximum number of shares that TruFin intends to purchase under the offer is 11.1 million, meaning each shareholder is entitled to sell just over 12% of their holding in the company.
Shareholders who opted to sell less than or equal to their entitlement have had their tender satisfied in full. Shareholders who tendered more than this will have just their entitlement satisfied in full and not the excess.
The shares purchased by the company under the tender offer will be cancelled, and following the purchase TruFin will have 80.8 million shares in issue.
Shares in TruFin were untraded at 41.5 pence in London on Tuesday.
By Lucy Heming; [email protected]
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