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Equity Fundraise and Total Voting Rights

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Fiinu, a fintech group and creator of the Plugin Overdraft®, is pleased to announce that it has raised gross proceeds of £1,250,000 through the issue of 12,500,000 new ordinary shares at 10 pence per share (the "Subscription Shares"). The Subscription Shares were issued in response to market demand, and the funds will be utilised to develop its Plugin Overdraft® product as a white-label offering, as previously announced, and to provide additional working capital.

The Fundraising is subject to the Subscription Shares being admitted to trading on AIM ("Admission"). The Company has the authority to issue and allot the Subscription Shares pursuant to certain existing shareholder authorities granting such powers to the directors at the Company's Annual General Meeting held on 24 May 2024. Application will be made for the Subscription Shares, which will rank pari passu with the existing ordinary shares, to be admitted to trading on AIM. Admission is expected to occur on or around 19 February 2025.

Following the issue of the Subscription Shares, the total issued share capital of the Company will consist of 287,247,246 ordinary shares of 10 pence each. The Company does not hold any ordinary shares in Treasury, therefore the total voting rights in the Company following Admission will be 287,247,246. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

The Directors of the Company are responsible for the release of this announcement

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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