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Finablr PLC

FINF.L

Latest Trade

11.03GBp

Change

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Today's Range

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52 Week Range

0.60

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0.75

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Latest Developments

Finablr Says Robert Miller Appointed CEO

Dec 29 (Reuters) - Finablr PLC <FINF.L>::FINABLR PLC - APPOINTMENT OF NEW CHIEF EXECUTIVE OFFICER.FINABLR PLC - RESIGNATION OF BHAIRAV TRIVEDI AS CHIEF EXECUTIVE OFFICER.FINABLR PLC - ROBERT MILLER ACCEPTED HIS NOMINATION TO JOIN BOARD AS DIRECTOR AND CHIEF EXECUTIVE OFFICER.FINABLR PLC - TRIVEDI REMAINS ON FINABLR PLC BOARD AS A NON-EXECUTIVE DIRECTOR.FINABLR PLC - NOTES THAT TRANSACTION WITH GLOBAL FINTECH INVESTMENTS HOLDING AG, WITH REGARD TO SALE OF ITS SUBSIDIARY FINABLR LTD, IS PROGRESSING.

Finablr In Definitive Agreement With Global FinTech Investments Holding

Dec 17 (Reuters) - Finablr PLC <FINF.L>::FINABLR PLC - UPDATE ON TRANSACTION OF FINABLR LIMITED.FINABLR PLC - ANNOUNCES THAT IT HAS ENTERED INTO A DEFINITIVE AGREEMENT WITH GLOBAL FINTECH INVESTMENTS HOLDING AG.FINABLR PLC - TRANSACTION WILL CONSTITUTE SALE BY COMPANY OF ITS ENTIRE BUSINESS AND OPERATIONS..FINABLR PLC - INTENDS TO USE NOMINAL CONSIDERATION AND ANY FURTHER CONSIDERATION RECEIVED TO RETURN VALUE TO ITS CREDITORS.FINABLR - GFIH AGREED SOME PROVISIONS WITH CO RELATING TO COORDINATION OF EFFORTS TO INVESTIGATE POSSIBLE HISTORIC WRONG DOING WITHIN TARGET GROUP.FINABLR PLC - PRISM AND RSP LOOK FORWARD TO ENGAGING WITH ALL STAKEHOLDERS IN CONNECTION WITH PROPOSED RESTRUCTURING OF TARGET GROUP.FINABLR - GFIH TO PAY TO CO FURTHER AMOUNT EQUAL TO 25% OF ANY FUNDS RECEIVED BY TARGET GROUP FROM THIRD PARTIES, UP TO MAXIMUM OF $190 MILLION.

BRS Ventures, B.R.Shetty, Binay Shetty Retain Services Of Duff & Phelps Led By Richard Clarke

Dec 8 (Reuters) - B.R. SHETTY::DR. B.R. SHETTY, MR. BINAY SHETTY AND BRS VENTURES HAVE RETAINED THE SERVICES OF RESTRUCTURING EXPERTS DUFF & PHELPS LED BY RICHARD CLARKE.DUFF & PHELPS WILL SUPPORT THEIR EFFORTS IN DEALING WITH FINANCIAL LIABILITIES RELATED TO THEIR FAMILY GROUP INTERESTS, INCLUDING BUT NOT RESTRICTED TO INDIRECT EXPOSURES TO NMC AND FINABLR DEBTS.

Finablr Says Discussions With Prism Are Continuing

Oct 15 (Reuters) - Finablr PLC <FINF.L>::FINABLR PLC - UPDATE ON PROPOSED TRANSACTION.FINABLR PLC - COMPANY'S DISCUSSIONS WITH PRISM ARE CONTINUING.FINABLR PLC - DISCUSSIONS WITH PRISM ARE CONTINUING AS PARTIES WORK TOGETHER TO DETERMINE AN OPTIMUM STRUCTURE FOR TRANSACTION.FINABLR PLC - COMPANY'S DISCUSSIONS WITH PRISM ARE CONTINUING AS PARTIES WORK TOGETHER TO DETERMINE AN OPTIMUM STRUCTURE FOR TRANSACTION.

Finablr Says Board Approves Offer From Prism Advance Solutions

Oct 6 (Reuters) - Finablr PLC <FINF.L>::FINABLR PLC - OFFER FOR FINABLR LIMITED.FINABLR PLC - HAS RECEIVED AN OFFER FROM PRISM ADVANCE SOLUTIONS LIMITED.FINABLR PLC - AFTER DUE CONSIDERATION BOARD HAS APPROVED OFFER.FINABLR PLC - RECEIVED OFFER FROM PRISM ADVANCE SOLUTIONS ("PRISM") FOR PURCHASE OF 100% OF SHARE CAPITAL OF FINABLR LIMITED AND ITS SUBSIDIARIES.FINABLR PLC - COMPANY WILL PROCEED TO NEGOTIATE A SHARE PURCHASE AGREEMENT WITH PRISM DOCUMENTING TERMS OF TRANSACTION.

Finablr Says Currently Unable To Adhere To Deadline Of Aug 28 To Publish Financial Statements

Aug 25 (Reuters) - Finablr PLC <FINF.L>::FINABLR PLC - CONCERNING PUBLICATION OF FINANCIAL STATEMENTS.FINABLR PLC - CURRENTLY UNABLE TO ADHERE TO DEADLINE OF 28 AUGUST 2020 TO PUBLISH ITS FINANCIAL STATEMENTS..

Finablr Says B R Shetty Resigns As Co-Chairman With Immediate Effect

Aug 17 (Reuters) - Finablr PLC <FINF.L>::RESIGNATION OF DR. B R SHETTY.B R SHETTY HAS RESIGNED AS A DIRECTOR AND CO-CHAIRMAN WITH IMMEDIATE EFFECT.

Finablr Appoints Skadden To Lead Investigation Into Co

July 22 (Reuters) - Finablr Plc <FINF.L>::APPOINTMENT OF SKADDEN FOR INVESTIGATION.FINABLR HAS ENTERED INTO A FUNDING AGREEMENT WITH A THIRD PARTY FUNDER TO COVER COST OF INVESTIGATION AND POTENTIALLY PURSUIT OF CLAIMS.APPOINTED SKADDEN ARPS SLATE MEAGHER & FLOM (UK) AS LEAD COUNSEL IN ORDER TO ENABLE FINABLR TO INVESTIGATE HISTORIC POTENTIAL MALFEASANCE.ANTICIPATED THAT FORENSIC EXPERTS WILL BE APPOINTED IN CONNECTION WITH INVESTIGATION .ENTERED INTO A FUNDING AGREEMENT WITH A THIRD PARTY FUNDER TO COVER COST OF INVESTIGATION AND POTENTIALLY PURSUIT OF CLAIMS.HAS APPOINTED SKADDEN ARPS SLATE MEAGHER & FLOM (UK) LLP AS LEAD COUNSEL TO ENABLE FINABLR TO INVESTIGATE ANY MISAPPROPRIATION OF ASSETS.

FTSE Russell Says Will Retain Finablr Within Its Index Membership At Last Traded Price

June 11 (Reuters) - FTSE Russell ::FTSE RUSSELL - WILL RETAIN FINABLR WITHIN ITS INDEX MEMBERSHIP, AT ITS LAST TRADED PRICE.FTSE RUSSELL- ABSENT OF ANY CHANGE TO FINABLR'S SITUATION OR ITS LISTING ON LSE, IT WILL BE CONSIDERED FOR REMOVAL AT ZERO VALUE AT THE SEPT REVIEW.

Finablr Says Exercises Indicates Total Net Indebtedness May Be About $1.3 Bln

April 30 (Reuters) - Finablr PLC <FINF.L>::CURRENT INDEBTEDNESS POSITION.RESULTS OF EXERCISE CURRENTLY INDICATE THAT TOTAL NET INDEBTEDNESS OF FINABLR GROUP MAY BE APPROXIMATELY $1,300 MILLION.BOARD CANNOT EXCLUDE POSSIBILITY THAT SOME OF PROCEEDS OF THESE BORROWINGS MAY HAVE BEEN USED FOR PURPOSES OUTSIDE OF FINABLR GROUP.COMPANY AND HOULIHAN LOKEY INTEND TO ENGAGE FURTHER WITH GROUP'S CREDITORS TO EXPLORE OPTIONS.EXERCISE TO VERIFY GROUP'S INDEBTEDNESS POSITION IS ONGOING.EXERCISE TO VERIFY GROUP'S INDEBTEDNESS POSITION IS ONGOING.CO, HOULIHAN LOKEY INTEND TO ENGAGE FURTHER WITH GROUP'S CREDITORS TO EXPLORE OPTIONS THAT MAY BE AVAILABLE TO GROUP AND ITS CREDITORS.INDICATED INDEBTNESS IS MATERIALLY ABOVE LAST REPORTED FIGURE FOR GROUP'S INDEBTEDNESS POSITION AS AT 30 JUNE 2019.CURRENT INDEBTEDNESS POSITION.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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