U.K.-based TruFin plc will repurchase via a tender offer up to 5,435,105 ordinary shares — representing 5.58% of its issued share capital as of May 16 — at 92 pence per share.

TruFin intends to cancel all ordinary shares repurchased through the offer. The company said it will seek shareholder approval for the offer at its June 4 annual meeting.

The tender offer will run from May 20 until 1 p.m. in London on June 4.