THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014.
18 March 2020
Finablr PLC ("Finablr" or the "Company")
Supervision of UAE Exchange LLC by the Central Bank of the UAE
The Company announces that its subsidiary undertaking based in the United Arab Emirates ("UAE"), UAE Exchange Centre LLC, received a notification from the Supervision Department of the Central Bank of the UAE (the "Central Bank"). The notification stated that the management of UAE Exchange Centre LLC's businesses in the UAE will be conducted under the supervision of the Central Bank with immediate effect. The Central Bank has also announced that its inspection team has commenced an examination of UAE Exchange Centre LLC in order to verify its compliance with applicable laws and regulations.
The Company is working constructively with the Central Bank and will provide an update to the market in due course.
END
Enquiries
The Company
Finablr PLC
Robert Moorhouse, Group Company Secretary +44 7825 213767
Ryan Ayache, Head of Investor Relations +971 2 3073 176
For more information, visit the Finablr website: www.finablr.com
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