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TruFin Plc (TRU) Ord

Sell:85.00p Buy:86.00p 0 Change: 0.50p (0.58%)
Market closed Prices as at close on 24 May 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Shareholder Meeting

Trufin Plc Ord

Type:
Shareholder Meeting
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 25 Apr 2019)

What is happening?

 

Trufin plc has announced its intention to separate its finance supply chain business by way of a De-merger into a newly formed company, Distribution Finance Capital Holdings (DFC). Trufin plc also intends to sell its minority stake in Zopa Group Ltd (a company specialising in consumer peer-to-peer lending) to Arrowgrass for £44.5 million in order to fund the De-merger and to provide working capital for the Trufin Group, and also to return a minimum of £10 million to Shareholders during 2019.

 

The effect of the De-merger would be that Shareholders of Trufin plc at the close of business on Wednesday 8 May 2019 would receive 1 new DFC Share in addition to each Trufin plc Share held.

 

As DFC will be an unquoted company following the Demerger, the DFC Board intends to seek admission of the DFC Shares to trading on AIM (Alternative Investment Market) on Thursday 9 May 2019.

 

Do I need to take any action?

 

The proposals are subject to Shareholder approval at a General Meeting to be held on Tuesday 7 May 2019. If you wish to register a vote for or against the proposals before our noon on Friday 3 May 2019 deadline, you can do so below.

 

When will I receive the new DFC Shares and Returns of Capital?

 

If the proposals are approved the De-merger will become effective on Wednesday 8 May 2019 with the resulting DFC Shares expected on or shortly after Thursday 9 May 2019. Trufin plc has also stated that a return of at least £5 million to Shareholders will be effected before 30 June 2019, and the remainder by 31 December 2019. 

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:85.00p
Buy:86.00p
Change: 0.50p (0.58%)
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account
Market closed Prices as at close on 24 May 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Shareholder Meeting

Trufin Plc Ord

Type:
Shareholder Meeting
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 25 Apr 2019)

What is happening?

 

Trufin plc has announced its intention to separate its finance supply chain business by way of a De-merger into a newly formed company, Distribution Finance Capital Holdings (DFC). Trufin plc also intends to sell its minority stake in Zopa Group Ltd (a company specialising in consumer peer-to-peer lending) to Arrowgrass for £44.5 million in order to fund the De-merger and to provide working capital for the Trufin Group, and also to return a minimum of £10 million to Shareholders during 2019.

 

The effect of the De-merger would be that Shareholders of Trufin plc at the close of business on Wednesday 8 May 2019 would receive 1 new DFC Share in addition to each Trufin plc Share held.

 

As DFC will be an unquoted company following the Demerger, the DFC Board intends to seek admission of the DFC Shares to trading on AIM (Alternative Investment Market) on Thursday 9 May 2019.

 

Do I need to take any action?

 

The proposals are subject to Shareholder approval at a General Meeting to be held on Tuesday 7 May 2019. If you wish to register a vote for or against the proposals before our noon on Friday 3 May 2019 deadline, you can do so below.

 

When will I receive the new DFC Shares and Returns of Capital?

 

If the proposals are approved the De-merger will become effective on Wednesday 8 May 2019 with the resulting DFC Shares expected on or shortly after Thursday 9 May 2019. Trufin plc has also stated that a return of at least £5 million to Shareholders will be effected before 30 June 2019, and the remainder by 31 December 2019. 

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:85.00p
Buy:86.00p
Change: 0.50p (0.58%)
Market closed Prices as at close on 24 May 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Shareholder Meeting

Trufin Plc Ord

Type:
Shareholder Meeting
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 25 Apr 2019)

What is happening?

 

Trufin plc has announced its intention to separate its finance supply chain business by way of a De-merger into a newly formed company, Distribution Finance Capital Holdings (DFC). Trufin plc also intends to sell its minority stake in Zopa Group Ltd (a company specialising in consumer peer-to-peer lending) to Arrowgrass for £44.5 million in order to fund the De-merger and to provide working capital for the Trufin Group, and also to return a minimum of £10 million to Shareholders during 2019.

 

The effect of the De-merger would be that Shareholders of Trufin plc at the close of business on Wednesday 8 May 2019 would receive 1 new DFC Share in addition to each Trufin plc Share held.

 

As DFC will be an unquoted company following the Demerger, the DFC Board intends to seek admission of the DFC Shares to trading on AIM (Alternative Investment Market) on Thursday 9 May 2019.

 

Do I need to take any action?

 

The proposals are subject to Shareholder approval at a General Meeting to be held on Tuesday 7 May 2019. If you wish to register a vote for or against the proposals before our noon on Friday 3 May 2019 deadline, you can do so below.

 

When will I receive the new DFC Shares and Returns of Capital?

 

If the proposals are approved the De-merger will become effective on Wednesday 8 May 2019 with the resulting DFC Shares expected on or shortly after Thursday 9 May 2019. Trufin plc has also stated that a return of at least £5 million to Shareholders will be effected before 30 June 2019, and the remainder by 31 December 2019. 

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
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The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
86.00p
Trade high:
82.00p
Year high:
227.00p
Market capitalisation
Market cap.
:
£83.25 million
Previous close:
86.00p
Trade low:
82.00p
Year low:
85.00p
P/E ratio:
n/a
Previous:
0.00p (0.00%)
Previous:
0.00p
Volume:
13,448
Dividend yield:
n/a
EMS:
1,000
Data delayed by at least 15 minutes.

Performance

Not available for this stock.

Fundamental data

Year ending: 31/12/2018 31/12/2017
Revenue (£m) 7.24 3.65
Profit before tax (£m) (15.50) (10.00)
Adjusted EPS (p): (12.90) (12.40)
P/E ratio n/a n/a
PEG n/a n/a
EPS growth (%) n/a n/a

Values are quoted in the stock's local currency: British pound

All fundamental data

Dividend information for this stock is not available.

Dividend information for this stock is not available.

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Important Documents

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Broker forecasts

Broker recommendations for this stock are not available.

Time / date Time Buy / sell Type Volume Price Value
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The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled ‘N/A’.

Annual & interim reports

Annual & interim reports are not available for this stock.

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by NBTrader. Charts provided by Factset. 'Broker forecast' and 'Recent trades' provided by MoneyAM. News and fundamental data provided by Digital Look.
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Share

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.