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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 |
TIDMTIME
RNS Number : 4122Z
Time Finance PLC
21 May 2021
21 May 2021
Time Finance plc
("Time Finance", the "Group" or the "Company")
Unapproved Share Option Scheme - Vesting of Awards
Director/PDMR Shareholding
Time Finance plc, the AIM listed independent specialist finance provider, announces that following the achievement of share price performance criteria in relation to the Company's Unapproved Share Option Scheme (the "Scheme") a total of 2,138,500 previously awarded nil cost options over ordinary shares of 10 pence each in the capital of the Company have today vested (the "Vested Options"). The terms of the Scheme were previously announced by the Group on 29 October 2020.
The Vested Options are all held by the below Directors/PDMRs of the Company and may be exercised at any time prior to an expiry date of 21 May 2022 being 12 months from today's vesting date.
Position Number of Vested Options James Roberts CFO 864,500 ---------- ------------------------- Jennifer Bodey PDMR 217,000 ---------- ------------------------- Lorraine Neyland PDMR 217,000 ---------- ------------------------- Holly Mapstone PDMR 168,000 ---------- ------------------------- Alun Winter PDMR 168,000 ---------- ------------------------- Phil Chesham PDMR 168,000 ---------- ------------------------- Tansy Cunningham PDMR 168,000 ---------- ------------------------- David Jones PDMR 168,000 ---------- -------------------------
A further 916,500 share options have been granted under the Scheme but remain unvested due to the time-based element of their criteria. Subject to continued employment this would see a third vesting in October 2021, a further third in October 2022 and a final third in October 2023 proportionate to the allocation of those that have vested today.
The notification below, provided in accordance with the requirements of the UK Market Abuse Regulation, provides further details.
For further information, please contact: Time Finance plc Ed Rimmer, Interim 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 / Nicholas Johnson 07768 807631 paul.vann@walbrookpr.com
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
1 Details of the person discharging managerial responsibilities / person closely associated a) Name 1. James Roberts 2. Jennifer Bodey 3. Lorraine Neyland 4. Holly Mapstone 5. Alun Winter 6. Phil Chesham 7. Tansy Cunningham 8. David Jones ---------------------------- ------------------------------------- 2 Reason for the notification ------------------------------------------------------------------- a) Position/status 1. Chief Finance Officer 2. PDMR 3. PDMR 4. PDMR 5. PDMR 6. PDMR 7. PDMR 8. PDMR ---------------------------- ------------------------------------- b) Initial notification Initial notification /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 the Share Options over Ordinary Shares financial instrument, of 10p each type of instrument Identification code ---------------------------- ------------------------------------- b) Nature of the transaction Vesting of Unapproved Share Option Scheme share options ---------------------------- ------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) 1. Nil pence 1. 864,500 2. Nil pence 2. 217,000 3. Nil pence 3. 217,000 4. Nil pence 4. 168,000 5. Nil pence 5. 168,000 6. Nil pence 6. 168,000 7. Nil pence 7. 168,000 8. Nil pence 8. 168,000 ----------------- ---------------------------- ------------------------------------- d) Aggregated information - Aggregated volume n/a - see table above - Price ---------------------------- ------------------------------------- e) Date of the transaction 20 May 2021 ---------------------------- ------------------------------------- f) Place of the transaction Outside of a trading venue ---------------------------- -------------------------------------
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May 21, 2021 02:00 ET (06:00 GMT)
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