FIINU PLC (Lon: Bank) managers today announced the proposed acquisition of Everfex PSA for a total overall examination of up to £ 12.0 million.
Initial thought, of £ 8.0 million, must be satisfied through the release of 80,000,000 new shares in the Fiinu capital to Everfex’s only owner Granicus Holdings O.ü, at a price of 10p per share. The additional examination of £ 4.0m can be paid after January 1, 2026, if Everfex achieves certain performance criteria, which will be satisfied through the issue of 20,000,000 new ordinary shares on Fiinu at a release price of 20p per additional share.
In addition, Fiinu intends to raise about 0.8 million pounds, based on a conditional registration of new ordinary shares in the company’s capital at the issue price.
The proposed acquisition, if completed, will be a reverse acquisition of the company in accordance with the AIM rules and is therefore subject to the approval of the company’s shareholders at the General Assembly. The proposed acquisition is subject to the approval of the shareholders and it is proposed that the enlarged shares of the company will be accepted in transactions with a target.
Everfex is a FX Stock Exchange Company, which executed more than $ 1 billion in a spot, exchange and front -to -a -side contracts in 2024.
Everfex is a recently built -in company that acquired the business, trade and some assets of Stały Kurs sp. The Zoo on January 1, 2025. As part of the acquisition of Stały Kurs, Everfex bought the right to use the name Stały Kurs and will continue to market as Stały Kurs in Poland.
Stały Kurs was founded in September 2019, in Poland, to provide currency compensation solutions. The business serves small and medium -sized enterprises exposed to Polish flames with all major coins. Over the years, Stały Kurs has become a key player in the Polish market, specializing in supporting import and export companies with coins.
Stały Kurs has demonstrated the increase in revenue and the economy of revenue from an annual basis, based mainly on expanding its customer base and improving operational efficiency.
At the end of the 2nd quarter of 2023, a new management team led by CEO, Karol Oleksa, restored Stały Kurs aspects and introduced a more powerful framework for governing and risk management. As part of this restructuring, the previous CEO abandoned the operation in the third quarter 2023 and sold his participation in Stały Kurs.
At the end of 2024, the company underwent restructuring to prepare its transfer to Everfex and in July 2025 the Everfex owners were transferred to GRANICUS HOLDINGS, which has an entity entered into a sale and purchase agreement to sell Everfex to FIINU.
While Everfex has experienced good traction and recent growth in the SME market, it intends to expand its services to regulated currency payment services. As part of this service that offers expansion, Everfex is considering obtaining the necessary licenses in order to provide additional brokerage and payment services.
Upon completion of the proposed acquisition, it is intended that Mark Wallace and Sami Kalliola will be appointed to the Board of Directors.
In addition, Dr. Feyzullah Egriboyun, today’s CFO, has been pointed out to the company today that it intends to leave the company, move to the US for family reasons, with effect from August 22, 2025. Audit Committee).
Dr. Egriboyun has agreed to work with the Board of Directors to secure a smooth tradition. As a result, at the entrance, the Board of Directors will include two executive directors and three independent non -executive directors.
Fiinu target titles will be suspended from the negotiation for their target from 7.30am. Tomorrow, according to the guidance note to target Article 14 and will remain suspended until the company has published an entry document in relation to the proposed enlarged entity.