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NON-BINDING OFFER FOR VERTUS
TruFin announces that it has received a non-binding, indicative cash offer from a private equity offeror for the shares it holds in Vertus Capital Ltd (“Vertus”), a subsidiary operating company of TruFin in which the Company holds a 53.8 per cent equity holding, (the “Offer”). The consideration payable to shareholders of Vertus would value Vertus at up to £5.9 million
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Grant of share awards under Long Term Incentive Plan
28 July 2023
As referred to in TruFin's announcement on 22 June 2023, the Company announces that it has now adopted a new Long Term Incentive plan (the "LTIP"). The LTIP has been implemented to appropriately incentivise key individuals over the long term, driving retention and performance.
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TruFin plc Completes Fundraising
10 July 2023
On 22 June 2023, the Company announced a proposed Placing to raise £7.0 million and Open Offer to raise up to a further approximately £1.0 million (both amounts before expenses) through the issue of, in aggregate, up to 12,313,212 New Ordinary Shares at an issue price of 65 pence per New Ordinary Share.
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Result of Placing and Notice of General Meeting
23 June 2023
TruFin is pleased to announce that, following the announcement after market close on 22 June 2023 (the "Launch Announcement"), it has received strong demand from existing shareholders and other institutional investors, and it has successfully placed 10,769,230 new ordinary shares (the “Placing Shares”) at a price of 65 pence per share, raising gross proceeds of £7 million under t
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Playstack releases the first city-building simulation game on Apple Arcade - Cityscapes: Sim Builder
05 May 2023
TruFin is pleased to announce that its subsidiary Playstack Limited (“Playstack”), a leading UK games publisher headquartered in London, has released Cityscapes: Sim Builder. This new game was developed by Magic Fuel Games Inc (“Magic Fuel Games”), a US-based developer acquired by Playstack in 2022.
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Oxygen Finance rounds off quarter with six Early Payment client wins – adding £2.7bn of Procurement Spend
26 April 2023
TruFin is pleased to announce that its subsidiary Oxygen Finance ("Oxygen"), the leading early payments programme provider headquartered in Birmingham, has secured Early Payment contracts with a further six local authorities during Q1 2023, adding to its growing list of Early Payment clients which now totals 54 public sector clients.
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Final Results for the year ended 31 December 2022
15 March 2023
TruFin is pleased to announce its audited results for the 12 months ended 31 December 2022.
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Satago deepens partnership with Sage
23 January 2023
TruFin is pleased to announce that, further to the Company’s statement on 20 October 2022, Satago Financial Solutions Limited ("Satago") is extending its agreement with Sage Group plc ("Sage"), the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses (SMBs).
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Statement regarding Satago
20 January 2023
TruFin is pleased to announce that Satago Financial Solutions Limited ("Satago") has delivered the trial phase of its fully digitised end-to-end invoice finance solution with Lloyds Bank plc (the "Bank"). The Bank is now testing the digitised proposition ahead of customer onboarding. We look forward to updating shareholders on the progress of this partnership in due course.
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Trading update
20 January 2023
Revenues for the 12 months ended 31 December 2022 are expected to be no less than £16.0m (FY21: £13.1m), representing year-on-year growth in excess of 22%. This has predominantly been driven by revenue growth of more than 350% at Satago Financial Solutions Limited ("Satago") and over 25% growth at Oxygen Finance Group Limited (together with its subsidiaries Oxygen Finance Limited and O
