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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| 1pm Plc | LSE:OPM | London | Ordinary Share | GB00BCDBXK43 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 24.00 | 23.50 | 24.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2022 to May 2024
TIDMTIME
RNS Number : 3595K
Time Finance PLC
20 December 2022
20 December 2022
Time Finance plc
("Time Finance", the "Group" or the "Company")
Exercise of Employee Options and Director/PDMR Shareholdings
Time Finance plc, the AIM listed independent specialist finance provider, announces the exercise of share options ("Options") under the Company's Unapproved Share Option Scheme (the "Scheme").
The Option exercises, of nil cost Options under the Scheme by certain of the Company's directors and PDMRs, have been satisfied through the allocation of existing ordinary shares held by the Time Finance Employee Benefit Trust ("EBT") and, as such, no new ordinary shares have been issued in connection with the Option exercises. Therefore, the total number of ordinary shares with voting rights in the Company following admission will remain 92,512,704. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Group under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules,
Of the aggregate of 178,500 ordinary shares allocated from the EBT in satisfying the Option exercises, 102,631 Ordinary Shares have been sold at a price of 21.2 pence per ordinary share to meet the tax liabilities arising from the exercises of Options, with the balance of Ordinary Shares from the exercises being retained by the participants in accordance with the terms of the Scheme.
Hot Features
Premium
Participant Position Ordinary Shares Ordinary
from Shares disposed
Option exercises of
James Roberts CFO 123,500 48,413
---------- ------------------ -----------------
Lorraine Neyland PDMR 31,000 10,608
---------- ------------------ -----------------
Phil Chesham PDMR 24,000 9,848
---------- ------------------ -----------------
As a result of the exercise of Options and taxation related disposal of New Ordinary Shares, James Roberts, the Company's Chief Financial Officer, is now interested in 524,086 ordinary shares, representing 0.6% of the Company's issued ordinary share capital.
The notifications below, provided in accordance with the requirements of the UK Market Abuse Regulation, provide further details.
For further information,
please contact:
Time Finance plc
Ed Rimmer, Chief Executive
Officer 01225 474230
James Roberts, Chief Financial
Officer 01225 474230
Cenkos Securities plc (NOMAD)
Ben Jeynes / Max Gould (Nomad)
Julian Morse (Sales) 0207 397 8900
Walbrook PR 0207 933 8780
Paul Vann / Joe Walker 07768 807631
paul.vann@walbrookpr.com
About Time Finance:
Time Finance's core strategy is to provide the finance UK SMEs require to fund their businesses. It offers a multi-product range for SMEs including asset, vehicle, loan and invoice finance. While focussed on being an 'own-book' lender the Group does retain the ability to broke-on deals where appropriate, enabling it to optimize business levels through market and economic cycles.
More information is available on the Company website www.timefinance.com
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name 1. James Roberts
2. Lorraine Neyland
3. Phil Chesham
-------------------------- ----------------------------------------
Reason for the notification
2
--------------------------------------------------------------------
a) Position/status 1. Chief Finance Officer
2. PDMR
3. PDMR
-------------------------- ----------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ----------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name Time Finance plc
-------------------------- ----------------------------------------
b) LEI 213800VG3QJGBP2MKR86
-------------------------- ----------------------------------------
Details of the transaction(s): section to be repeated
4 for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--------------------------------------------------------------------
a) Description of the Ordinary Shares of 10p each
financial instrument,
type of instrument
Identification code
-------------------------- ----------------------------------------
b) Nature of the transaction Exercise of nil cost share options
under Unapproved Share Option Scheme
-------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. Nil pence 1. 123,500
2. Nil pence 2. 31,000
3. Nil pence 3. 24,000
----------------
-------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume n/a - see table above
- Price
-------------------------- ----------------------------------------
e) Date of the transactions 19 December 2022
-------------------------- ----------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------- ----------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name 1. James Roberts
2. Lorraine Neyland
3. Phil Chesham
-------------------------- -----------------------------------------------
Reason for the notification
2
---------------------------------------------------------------------------
a) Position/status 1. Chief Finance Officer
2. PDMR
3. PDMR
-------------------------- -----------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- -----------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name Time Finance plc
-------------------------- -----------------------------------------------
b) LEI 213800VG3QJGBP2MKR86
-------------------------- -----------------------------------------------
Details of the transaction(s): section to be repeated
4 for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
---------------------------------------------------------------------------
a) Description of the Ordinary Shares of 10p each
financial instrument,
type of instrument
Identification code
-------------------------- -----------------------------------------------
b) Nature of the transaction Sale of ordinary shares of 10p each
pursuant to exercises of nil cost
share options under Unapproved Share
Option Scheme
-------------------------- -----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. 21.2 pence 1. 48,413
2. 21.2 pence 2. 10,608
3. 21.2 pence 3. 9,848
----------------
-------------------------- -----------------------------------------------
d) Aggregated information
- Aggregated volume n/a - see table above
- Price
-------------------------- -----------------------------------------------
e) Date of the transactions 19 December 2022
-------------------------- -----------------------------------------------
f) Place of the transaction AIMX
-------------------------- -----------------------------------------------
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END
DSHFLFFVFILIFIF
(END) Dow Jones Newswires
December 20, 2022 08:24 ET (13:24 GMT)
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