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Augmentum Fintech plc
Augmentum Fintech plc - Proposed acquisition of Farewill by Dignity
17th October 2024, 06:00
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17 October 2024

Augmentum Fintech plc

Proposed acquisition of Farewill by Dignity

Augmentum Fintech plc (LSE: AUGM) (the "Company" or "Augmentum"), Europe's
leading publicly listed fintech fund, notes the announcement by Castelnau Group
plc ("Castelnau") that Dignity (in which Castelnau has a controlling stake) has
agreed to acquire Farewill, the digital financial and legal services platform
for dealing with death and after-death services and a portfolio investment of
the Company. Any such acquisition will be subject, inter alia, to the receipt of
the necessary regulatory approvals.

Under the terms of the proposed acquisition, Augmentum will receive shares in
Castelnau Group plc as consideration for its holding in Farewill.

Augmentum's understanding of the terms of the proposed acquisition implies no
material change to NAV.

Augmentum first invested in Farewill in January 2019.

Completion of this acquisition is not expected to occur before 1 January 2025.

Enquiries

Augmentum Fintech                           +44 (0)20 3961 5420

Tim Levene (Portfolio Manager)              georgie@augmentum.vc

Georgie Hazell Kivell (Investor Relations)
Quill PR                                    +44 (0)20 7466 5050

Nick Croysdill, Sarah Gibbons-Cook          augmentum@quillpr.com

(Press and Media)
Peel Hunt LLP                               +44 (0)20 7418 8900

Liz Yong, Huw Jeremy

(Investment Banking)
Singer Capital Markets                      +44 (0)20 7496 3000

James Moat, James Fischer

(Investment Banking)
Frostrow Capital LLP                        +44 (0)20 3709 8733

Paul Griggs (Company Secretary)

About Augmentum Fintech

Augmentum invests in fast growing fintech businesses that are disrupting the
financial services sector. Augmentum is the UK's only publicly listed investment
company focusing on the fintech sector in the UK and wider Europe, having
launched on the main market of the London Stock Exchange in 2018, giving
businesses access to patient capital and support, unrestricted by conventional
fund timelines and giving public markets investors access to a largely privately
held investment sector during its main period of growth.


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