1PM PLC Director/PDMR Shareholding (4527Q)

TIDMOPM

RNS Number : 4527Q

1PM PLC

18 October 2019

1pm plc

(the "Group" or the "Company")

Director/PDMR Shareholding

1pm plc (AIM: OPM), the AIM listed independent specialist provider of finance facilities to the SME sector, has today been informed that Ron Russell, Non-Executive Director, today purchased a total of 282,941 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") at an average price of 28.93 pence per share.

Following this purchase Mr Russell holds 10,840,165 Ordinary Shares representing approximately 12.2 per cent. of the Company's issued share capital.

 
 For further information, please contact: 
 1pm plc 
 Ian Smith, Chief Executive Officer                      01225 474230 
 James Roberts, Chief Financial Officer                  01225 474230 
 
 Cenkos (NOMAD) 
 Max Hartley (NOMAD), Julian Morse 
  (Sales)                                               0207 397 8900 
 
 Walbrook PR                                            020 7933 8780 
 Paul Vann                                               07768 807631 
                                             [e-mail] 
 

About 1pm:

1pm's strategy is to focus on providing or arranging the finance UK SMEs require to fund their businesses and arranging vehicle and property-backed finance for consumers. The multi-product range for SMEs includes asset, vehicle, loan and invoice finance facilities. The Group operates a "hybrid" lending and broking model enabling it to optimize business levels through market and economic cycles.

More information is available on the Company website www.1pm.co.uk

The Company makes the following disclosures in accordance with article 19(3) of the Market Abuse Regulation:

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                       Ron Russell 
     -------------------------  ------------------------------------------ 
 2    Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status            Non-executive Director 
     -------------------------  ------------------------------------------ 
 b)   Initial notification       Initial 
       /Amendment 
     -------------------------  ------------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------- 
 a)   Name                       1pm plc 
     -------------------------  ------------------------------------------ 
 b)   LEI                        213800VG3QJGBP2MKR86 
     -------------------------  ------------------------------------------ 
 4    Details of the transaction(s): section to be repeated 
       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             Ordinary Shares of 10p each 
       the financial 
       instrument, type           ISIN: GB00BCDBXK43 
       of instrument 
       Identification 
       code 
     -------------------------  ------------------------------------------ 
 b)   Nature of the              Purchase of Ordinary Shares 
       transaction 
     -------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)       Price(s)              Volume(s) 
                                         1. GBP0.28915         1. 41,018 
                                          2. GBP0.28915         2. 69,130 
                                          3. GBP0.2896          3. 69,049 
                                          4. GBP0.28915         4. 103,744 
                                                         ----------------- 
     -------------------------  ------------------------------------------ 
 d)   Aggregated information 
       - Aggregated volume          Volume    Price 
       - Price                      282,941   GBP0.2893 
                                             ---------- 
     -------------------------  ------------------------------------------ 
 e)   Date of the transaction    18 October 2019 
     -------------------------  ------------------------------------------ 
 f)   Place of the transaction   London Stock Exchange 
     -------------------------  ------------------------------------------ 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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October 18, 2019 12:27 ET (16:27 GMT)