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TruFin plc announced on 26 March 2024 that it has contracted the sale of its Interact platform to VCI Global Ltd, with completion due on 28 March 2024. The consideration for the disposal is $300,000 in cash and $1,700,000 in Nasdaq-listed VCIG shares, which are subject to a lock-up period. The disposed assets were held at zero value on TruFin's balance sheet.
| Date | 26 Mar 2024 |
| Time | 07:01:00 |
| Category | Miscellaneous |
| ID | 2202I |
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:
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TruFin plc |
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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.