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    Eversheds Sutherland advises TruFin plc on proposed flotation

    Eversheds Sutherland has advised TruFin plc (TruFin) on the employee share incentives aspects of its £185 million IPO and proposed admission to trading on AIM.

    TruFin, a holding company of an operating group comprising three growth-focused FinTech and banking businesses, successfully conducted a conditional placing and subscription of ordinary shares to raise gross proceeds of approximately £70 million.

    The listing will enable TruFin to provide further capital to its subsidiaries and take advantage of developments in the current financial services market.

    Commencement of trading on AIM is scheduled for 21 February 2018.

    The Eversheds Sutherland team was led by incentives Partner Danny Blum and included Principal Associate Victoria Green and Associate Jia Xie.

    Danny Blum commented:

    “It was an absolute pleasure to support TruFin plc on the IPO.”

    Henry Kenner, Chairman and CEO of TruFin plc, commented:

    “Eversheds Sutherland was extremely helpful and professional in tailoring an incentivisation programme that was appropriate to our circumstances, and provided a really hands-on service to the Company and its employees.”

    Eversheds Sutherland’s employee benefits, pensions and executive compensation practices work with clients to create tailor-made practical and innovative solutions. With lawyers across Europe, the United States, the Middle East and Asia, the team helps clients navigate this important and increasingly complex area of the law.

    For more information on Eversheds Sutherland, visit

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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