Finance provider Distribution Finance Capital Holdings (LON: DFCH) is the latest new entrant to AIM and it was spun out of AIM-quoted TruFin, which itself floated in February 2018. Independence will help DFC to obtain its banking licence and grow faster.
Jersey-based TruFin owned 91.3% of DFC and it has distributed the shares to its own shareholders on the basis of one DFC share for each TruFin share they own. There is no new cash raised for DFC. Existing shareholders raised £19.8m from a placing.
The business provides finance for dealers to fund the stocking of products supplied by manu...
