TruFin PLC Playstack enters into LoI for sale of Interact (0522U)
21 Noviembre 2023 - 1:00AM
UK Regulatory
TIDMTRU TIDMTRU
RNS Number : 0522U
TruFin PLC
21 November 2023
21 November 2023
RNS
TruFin plc
("TruFin" or the "Company")
Playstack Limited ("Playstack") enters into Letter of Intent for
sale of Interact platform
TruFin is pleased to announce that its subsidiary Playstack, the
leading UK games publisher, has entered into a Letter of Intent to
sell IP and assets (the "Disposal Assets") of its augmented reality
and gamification AdTech platform "Interact" to VCI Global Limited
("VCIG") (the "Disposal").
Nasdaq-listed VCIG is a leading multi-disciplinary consulting
group with key business and technology advisory practices,
headquartered in Malaysia.
There can be no certainty as to the completion of the Disposal
and whilst transaction terms are to be confirmed, any cash
consideration is not expected to be significant in the context of
the wider Company. TruFin will provide further updates as
appropriate. The Disposal Assets are held at zero value on the
Company's balance sheet.
As previously announced, Playstack is now focused on its
technology-led games publishing business. This proposed transaction
will give Playstack additional resources to support its burgeoning
publishing pipeline, while allowing Interact to flourish within
VCIG's synergistic environment.
For further information, please contact:
TruFin plc
James van den Bergh, Chief Executive Officer 0203 7431340
Kam Bansil, Investor Relations 07779 229508
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.
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END
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November 21, 2023 02:00 ET (07:00 GMT)
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