TruFin PLC Sale of Interact platform
26 März 2024 - 8:01AM
RNS Regulatory News
RNS Number : 2202I
TruFin PLC
26 March 2024
26 March 2024
TruFin plc
("TruFin" or the
"Company")
Sale of Interact
platform
Further to the Company's announcement
on 21 November 2023 regarding the possible sale of IP and assets
relating to Playstack's augmented reality and gamification AdTech
platform "Interact" to VCI Global Ltd ("VCIG") (the "Disposal"),
the Company announces that the Disposal has been contracted with
completion due to occur on 28 March 2024.
The consideration payable by VCIG in
relation to the Disposal is $300,000 in cash and $1,700,000 payable
in Nasdaq-listed VCIG shares, which are subject to a lock-up
period.
The Disposal assets were held at zero
value on the Company's balance sheet.
For further information, please
contact:
TruFin plc James van den
Bergh, Chief Executive Officer
Kam Bansil, Investor Relations
|
0203 7431340
07779 229508
|
Liberum Capital Limited (Nominated Adviser and Corporate broker)
Chris Clarke
Edward Thomas
|
0203 100 2000
|
TruFin plc is the holding company of
an operating group comprising three growth-focused technology
businesses operating in niche markets: early payment provision,
invoice finance and mobile games publishing. 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.
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