Fiinu Plc Announces Proposed Acquisition of Everfex and Subscription
Why we think this is neutral
This RNS announcement does not contain any of the mandatory news types, such as contract news, order news, trading update, financing, funding, annual results, asset sale/disposal, flow testing, licence news, or delisting. Therefore, the sentiment score is set to 'NEUTRAL'.
Key Points
- Proposed acquisition of Everfex P.S.A. for up to £12.0 million
- Proposed subscription to raise approximately £0.8 million
- Temporary suspension of trading in the company's ordinary shares on AIM
Summary
The fintech company announces plans to acquire a foreign exchange brokerage firm and raise additional funds through a subscription.
Fiinu Plc (AIM: BANK) has announced the proposed acquisition of Everfex P.S.A. for an aggregate total consideration of up to £12.0 million. The company also intends to raise approximately £0.8 million through a conditional subscription of new ordinary shares. The proposed acquisition is subject to shareholder approval and will constitute a reverse takeover under the AIM Rules.
Key Dates
7 August 2025
Temporary suspension of trading in the company's ordinary shares on AIM
6 August 2025
Proposed acquisition of Everfex P.S.A. and proposed subscription
GENERAL UPDATE