Finablr PLC Completion of Capital Reduction (4378S)
06 Noviembre 2019 - 1:00AM
UK Regulatory
TIDMFIN
RNS Number : 4378S
Finablr PLC
06 November 2019
6 November 2019
Finablr PLC (the 'Company')
Completion of Capital Reduction
The Company is pleased to announce that, further to the
disclosures made in the Company's IPO Prospectus, the reduction of
the share capital of the Company was approved yesterday by the
Court (the "Capital Reduction").
The purpose of the Capital Reduction is to create distributable
reserves, for the payment of future dividends and other corporate
purposes.
There is no change in the number of the Company's Ordinary
Shares in issue and the Capital Reduction does not involve either
the diminution of any liability in respect of unpaid capital or the
payment to any shareholders of any paid-up capital of the Company.
The nominal value of each share has been reduced from GBP1.00 per
share to GBP0.01 per share, as a result of the Capital
Reduction.
END
Enquiries
The Company
Finablr PLC
Rahul Pai, Group Chief Financial Officer +971 55 597 8927
Robert Moorhouse, Group Company Secretary +44 7825 213767
Ryan Ayache, Head of Investor Relations +971 2 3073 176
Finablr Overview
Finablr (www.finablr.com) is a global platform which provides
Cross-Border Payments and Consumer Solutions, Consumer Foreign
Exchange Solutions and B2B and Payment Technology Solutions to
consumers and businesses in the large and growing payments and
foreign exchange market. In the year ended 31 December 2018,
Finablr processed more than 150 million transactions and the U.S.
dollar equivalent of U.S.$114.5 billion in volumes, touching over a
billion lives. As at 31 December 2018, the Group had more than 23
million retail customers and was serving over 1,500 corporate and
institutional partners, including banks, financial institutions,
supermarkets, foreign exchange specialists, mobile wallet operators
and payments and technology companies such as Google India, WeChat
Pay and Samsung Pay.
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END
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November 06, 2019 02:00 ET (07:00 GMT)
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