Time Finance PLC Employee Benefit Trust Share Purchase (0284V)

TIDMTIME

RNS Number : 0284V

Time Finance PLC

09 April 2021

Time Finance plc

("Time Finance", the "Group" or the "Company")

Employee Benefit Trust Share Purchase

The Company has been notified by the trustee of the Time Finance PLC Employees' Share Trust (the "EBT") that on 8 April 2021, the EBT purchased a total of 116,600 Ordinary Shares of 27.25p each. The shares will be held in the EBT, a discretionary trust, and are intended to be used to satisfy the exercise of any share options by employees including the Directors of the Company should the situation arise. Following these transactions, the Company's EBT holds a total of 835,677 Ordinary Shares, representing approximately 0.9% of the Company's issued share capital.

 
 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) 
 Max Hartley / Ben Jeynes 
  (Nomad) 
  Julian Morse (Sales)                         0207 397 8900 
 
 Walbrook PR                                   0207 933 8780 
 Paul Vann                                      07768 807631 
                                    [e-mail] 
 

About Time Finance:

Time Finance'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.timefinance.com

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April 09, 2021 09:58 ET (13:58 GMT)