Fiinu Plc Issues New Shares to Settle Director and Adviser Fees

Immedia ( (GB:BANK) ) has issued an update.

Fiinu Plc, a fintech company, has issued 2,117,740 new ordinary shares to settle outstanding fees for Non-Executive Director David Hopton and 500,000 shares to settle fees with SPARK Advisory Partners Limited. This issuance is considered a related party transaction, as it involves a director of the company, and has been deemed fair and reasonable by the independent directors. The new shares will be admitted to trading on AIM, increasing the total issued share capital to 289,864,986 ordinary shares.

More about Immedia

Fiinu, founded in 2017, is a fintech group that developed the Plugin Overdraft®, an unbundled overdraft solution allowing customers to have an overdraft without changing their existing bank. The technology platform is bank agnostic, enabling it to serve all banks’ customers through Open Banking, which enhances competition and innovation in UK banking.

Average Trading Volume: 250,503

Technical Sentiment Signal: Buy

Current Market Cap: £27.57M

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