Fiinu Plc Announces Proposed Acquisition of Everfex P.S.A.
Why we think this is neutral
This RNS announcement provides an update on Fiinu's proposed acquisition of Everfex P.S.A. and a related party transaction. As it does not contain any of the mandatory news types, such as financial results, contract news, or trading updates, the sentiment is considered neutral.
Key Points
- Fiinu Plc has entered into an agreement to acquire Everfex P.S.A.
- The acquisition constitutes a reverse takeover under AIM Rule 14
- Fiinu has entered into various other agreements, including an Introduction Agreement, Granicus Holdings Relationship Agreement, and Lock-in Agreements
- Fiinu has received £801,000 in subscription proceeds for the conditional subscription of 8,010,000 new ordinary shares at 10p per share
Summary
Fiinu Plc (AIM: BANK) has announced that it has entered into an agreement to acquire Everfex P.S.A., which constitutes a reverse takeover under AIM Rule 14. The company has also entered into an Introduction Agreement, Granicus Holdings Relationship Agreement, Lock-in Agreements, and new service agreements, including long-term incentive arrangements for the CEO and a proposed director. Fiinu has also received £801,000 in subscription proceeds for the conditional subscription of 8,010,000 new ordinary shares at 10p per share.