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Finablr PLC (FIN)

Finablr PLC

PDMR Notification
RNS Number : 8631A
Finablr PLC
24 January 2020
 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF THE MARKET ABUSE REGULATION NO. 596/2014 ("MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

24 January 2020

 

Finablr plc, "Finablr" or "the Company", the global platform for payments and foreign exchange solutions, announces that it received notification on 24 January 2020 that 392,220,890 shares, representing 56.03% of the Company, have been pledged by BRS Investment Holdings 1 Limited as a security for borrowings raised by BRS Ventures & Holdings Limited.  Those borrowings date from 25 March 2016 and were used to refinance an acquisition facility borrowed by BRS Ventures & Holdings Limited in connection with the acquisition, by its subsidiary UTX Holdings Limited, of Travelex Holdings Limited on 29 January 2015. The original amount of the borrowing has been reduced by sums received by BRS Investment Holdings 1 Limited, BRS Investment Holdings 2 Limited and BRS Investment Holdings 3 Limited from the IPO of the Company on 20 May 2019 and other cashflows of entities belonging to the BRS Group.

 

The notification of dealing form of BRS Investment Holdings 1 Limited can be found below.

 

----------------

 

 

Persons Discharging Manager Responsibilities (PDMR) and Closely Associated Person (CAP) Notification Form

PDMR Notification Form Page

Mandatory fields are denoted by an *

1 - Details of the person discharging managerial responsibilities / closely associated person

 


Must complete either for a natural person or a legal person. If completing for a legal person, please include the legal form as provided for in the register where it is incorporated, if applicable.



First Name(s)


Last Name(s)


Name of natural person *




                or

Legal Person *


BRS Investment Holdings 1 Limited




2 - Reason for the notification

 


Must complete either for a natural person or a legal person. If completing for a legal person, please include the legal form as provided for in the register where it is incorporated, if applicable.

For persons discharging managerial responsibilities: the position occupied within the issuer, emission allowance market participant / auction platform / auctioneer / auction monitor should be indicated e.g. CEO, CFO.

For persons closely associated with:

·             An indication that the notification concerns a closely associated person with a person discharging managerial responsibilities;

·             Name and position of - the relevant person discharging managerial responsibilities




Position/status *


This notification concerns a person closely associated with Dr Bavaguthu Raghuram Shetty and Binay Shetty, each of whom is a Director of Finablr plc (i.e. a PDMR)




Initial notification / Amendment *

This is an initial notification




In case of amendment, please enter the previous notification reference number and explain the error that this notification is amending.


3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

Full name of the entity*

Finablr plc





Legal Entity Identifier code

2138005C7F6N115PM802



In accordance with ISO 1744 LEI code.

4 - Details of the transaction(s)

 


Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted.

Add Transaction(s)






Transaction(s) summary table

 


 

 

Date

 

Description of Financial Transaction

 

Aggregated
Price

 

 

Aggregated
Volume

 

Total
Aggregated
Volume

 

23 January 2020

 

Pledge of shares

 

Nil

 

392,220,890

 

392,220,890




 

 

Add Transaction(s)

 

Mandatory fields are denoted by an *

Description of the financial instrument, type of instrument *

 

Ordinary shares of £0.01 each


Identification Code *

 

GB00BJ7HMW26


 


Nature of transaction *

 

Pledge of shares for security.

Voting rights in relation to the shares being pledged remain with BRS Investment Holdings 1 Limited.


 


Currency *

 

GBP

 


 


Prices(s) and volumes(s) *

 

392,220,890 shares


 


Where more than one transaction of the same nature (purchases, sales, lendings, borrows, …) on the same financial instrument or emission allowance are executed on the same day and on the same place of transaction, prices and volumes of these transactions shall be reported in this field, in a two columns form as presented above, inserting as many lines as needed.

 

Price

Volume

Total

0.00

0.00

0.00




Using the data standards for price and quantity, including where applicable the price currency and the quantity currency, as defined under Commission Delegated Regulation supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the reporting of transactions to competent authorities adopted under Article 26 of Regulation (EU) No 600/2014.



 


Aggregated Information

 

 

 

 

Price

Volume

Total

0.00

0.00

0.00


 


Date of Transaction *

 

 

2020-01-23

Date of the particular day of execution of the notified transacton. Using the ISO 8601 date format: YYYY-MM-DD; Date of trade in UTC time



 


Place of transaction *

Name and code to identify the MiFID trading venue, the systematic internaliser or the organised trading platform outside of the Union where the transaction was executed as defined under Commission Delegated Regulation supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the reporting of transactions to competent authorities adopted under Article 26 of Regulation (EU) No 600/2014, or if the transaction was not executed on any of the above mentioned venues, please mention 'outside a trading venue'.

 

 

XLON

 

 


 

Enquiries

 

Finablr

 

Ryan Ayache, Head of Investor Relations +971 56 681 53 21

Faiz Akbar Habib, Head of Group Communications +971 52 623 11 13 / +44 7912 895375

Robert Moorhouse, Group Company Secretary +44 7825 213767

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

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