2 February 2023
Fiinu Plc
("Fiinu", the "Company" or the "Group")
Posting of Circular and Notice of General Meeting
Fiinu (AIM: BANK), a fintech company, including Fiinu Bank Limited, creator of the Plugin Overdraft®, announces that it has today posted a Circular, Notice of General Meeting and Form of Proxy to shareholders. Copies of each document are available on the Group's website: www.fiinu.com.
The General Meeting will be held at the offices of Fladgate LLP, 16 Great Queen Street, London, WC2B 5DG on 20 February 2023 at 11.00 a.m.
The Group continues to explore a range of fundraising options in preparation for exiting mobilisation. As such, the Board believes it is prudent to now seek appropriate general authorities to issue shares and to disapply pre-emption rights to give the Directors flexibility to allot further Ordinary Shares in the future should they consider it to be in the best interests of the Company to do so.
ENDS
| Enquiries: | |
| Fiinu plc Chris Sweeney, Chief Executive Officer Philip Tansey, Chief Financial Officer | via Brazil London (press office for Fiinu) |
| SPARK Advisory Partners Limited (Nomad) Mark Brady / Adam Dawes | Tel: +44 (0) 203 368 3550 |
| SP Angel Corporate Finance LLP (Joint Broker) Matthew Johnson / Charlie Bouverat (Corporate Finance) Abigail Wayne / Rob Rees (Corporate Broking) | Tel: +44 (0) 207 470 0470 |
| Panmure Gordon (UK) Limited (Joint Broker) Stephen Jones / Atholl Tweedie (Corporate Finance) Mark Murphy (Corporate Broking) | Tel: +44 (0)207 886 2500 |
| Brazil London (press office for Fiinu) Joshua Van Raalte / Christine Webb / Jamie Lester | Tel: +44 (0) 207 785 7383 Email: fiinu@agencybrazil.com |
About Fiinu
Fiinu, founded in 2017, is a fintech group, including Fiinu Bank{1], which is authorised by the Prudential Regulatory Authority[1]. Fiinu's Plugin Overdraft® is an unbundled overdraft solution which allows customers to have an overdraft with Fiinu Bank without changing their existing bank. The underlying Bank Independent Overdraft® technology platform is bank agnostic, allowing Fiinu Bank to serve all other banks' customers. Open Banking allows Fiinu's Plugin Overdraft® to attach ("plugin") to the customer's primary bank account, no matter which bank they may use. Fiinu's vision is built around Open Banking, and it believes that it increases competition and innovation in UK banking.
For more information, please visit www.fiinu.com.
[1] Fiinu Bank Limited obtained its UK deposit-taking banking licence with restrictions from the Prudential Regulation Authority (PRA) and with the consent of the Financial Conduct Authority (FCA) in July 2022.
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