Finablr PLC - Potential insolvency appointment

RNS Number : 3715G

Finablr PLC

17 March 2020

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014.

17 March 2020

Finablr PLC ("Finablr" or the "Company")

Potential insolvency appointment

Following the announcement on 16 March 2020 with respect to Finablr's present liquidity situation and ongoing discussions with its lending banks, the Board of Finablr has engaged an accounting firm to undertake rapid contingency planning for a potential insolvency appointment with a view to maximizing value in the Group.

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Enquiries

The Company

Finablr PLC

Robert Moorhouse, Group Company Secretary +44 7825 213767

Ryan Ayache, Head of Investor Relations +971 2 3073 176

For more information, visit the Finablr website: www.finablr.com

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