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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 Apr 2019 to Apr 2024
TIDMOPM
RNS Number : 5236H
1PM PLC
08 June 2017
8 June 2017
1pm plc
(the "Group" or the "Company")
Completion of Tracx Finance Limited acquisition,
Directorate change
and
Director/PDMR dealings
Further to the announcements on 18 May 2017 and 7 June 2017, 1pm plc is pleased to announce that, following admission to trading on AIM of the 28,861,117 New Ordinary Shares this morning, the acquisition of Tracx Finance Limited has now completed. Tracx Finance Limited is the holding company and 100% shareholder of its trading subsidiary Gener8 Finance Limited. The Board is pleased to welcome the Gener8 team to the Group and is excited by the prospects of the Group's newly established Commercial Finance Division.
Following the completion of the Acquisition, Edward Rimmer is today appointed to the Board of the Company as the Managing Director of the Commercial Finance Division and CEO of Gener8 Finance Limited. Mr. Rimmer brings over 20 years' experience in commercial finance, most recently acting as UK CEO of Bibby Financial Services Limited. All information required under Schedule 2(g) of the AIM Rules in relation to Edward Rimmer's appointment was included in the Circular that was sent to shareholders on 18 May 2017.
The Company also announces that, following admission, the purchases of Ordinary Shares by certain existing Directors as part of the Placing, as announced on 18 May 2017, have now completed. Edward Rimmer purchased 33,000 Ordinary Shares as part of the Placing. In addition, Ron Russell subscribed for 128,906 shares in the Open Offer. Further information on these transactions is set out below.
The Company is pleased to report that, as noted in the Circular sent to shareholders on 18 May 2017, trading in the financial year to 31 May 2017 was in line with market expectations.
Commenting on the completion of the acquisition, placing and oversubscribed Open Offer, 1pm Chief Executive Ian Smith said: "The successful fundraising to finance both the acquisition of Tracx Finance and the possible second acquisition, together with the establishment of our new Commercial Finance Division, under the leadership of Ed Rimmer, whom I am delighted to welcome to the Board, together represent important milestones in the ongoing growth and development of the Group. They demonstrate the implementation of a key element of the Group's stated strategic plan which is to continue to expand our offering to UK SMEs by adding adjacent financial products and services which are complementary to our existing Asset Finance and Business Loans portfolios and which also create significant cross-selling opportunities."
Capitalised terms used in this announcement have the meanings given to them in the Circular dated 18 May 2017.
Hot Features
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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, Harry
Pardoe (NOMAD),
Julian Morse (Sales) 0207 397 8900
Walbrook PR 0117 985 8989
Paul Vann 07768 807631
paul.vann@walbrookpr.com
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------
a) Name John Newman
--- ------------------------- ----------------------------
2 Reason for the notification
--- -------------------------------------------------------
a) Position/status Non-Executive Chairman
--- ------------------------- ----------------------------
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 N/a
--- ------------------------- ----------------------------
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
of instrument
Identification
code
--- ------------------------- ----------------------------
b) Nature of the Purchase of Ordinary Shares
transaction
--- ------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
45p 55,500
--------- ----------
--- ------------------------- ----------------------------
d) Aggregated information
- Aggregated volume 55,500 Ordinary Shares
- Price 45p per Ordinary Share
--- ------------------------- ----------------------------
e) Date of the transaction 8 June 2017
--- ------------------------- ----------------------------
f) Place of the transaction N/a
--- ------------------------- ----------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------
a) Name Ian Smith
--- ------------------------- ----------------------------
2 Reason for the notification
--- -------------------------------------------------------
a) Position/status Chief Executive Officer
--- ------------------------- ----------------------------
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 N/a
--- ------------------------- ----------------------------
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
of instrument
Identification
code
--- ------------------------- ----------------------------
b) Nature of the Purchase of Ordinary Shares
transaction
--- ------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
45p 55,500
--------- ----------
--- ------------------------- ----------------------------
d) Aggregated information
- Aggregated volume 55,500 Ordinary Shares
- Price 45p per Ordinary Share
--- ------------------------- ----------------------------
e) Date of the transaction 8 June 2017
--- ------------------------- ----------------------------
f) Place of the transaction N/a
--- ------------------------- ----------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------
a) Name Mike Nolan
--- ------------------------- ----------------------------
2 Reason for the notification
--- -------------------------------------------------------
a) Position/status Chief Risk Officer
--- ------------------------- ----------------------------
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 N/a
--- ------------------------- ----------------------------
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
of instrument
Identification
code
--- ------------------------- ----------------------------
b) Nature of the Purchase of Ordinary Shares
transaction
--- ------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
45p 55,500
--------- ----------
--- ------------------------- ----------------------------
d) Aggregated information
- Aggregated volume 55,500 Ordinary Shares
- Price 45p per Ordinary Share
--- ------------------------- ----------------------------
e) Date of the transaction 8 June 2017
--- ------------------------- ----------------------------
f) Place of the transaction N/a
--- ------------------------- ----------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------
a) Name James Roberts
--- ------------------------- ----------------------------
2 Reason for the notification
--- -------------------------------------------------------
a) Position/status Chief Finance Officer
--- ------------------------- ----------------------------
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 N/a
--- ------------------------- ----------------------------
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
of instrument
Identification
code
--- ------------------------- ----------------------------
b) Nature of the Purchase of Ordinary Shares
transaction
--- ------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
45p 22,000
--------- ----------
--- ------------------------- ----------------------------
d) Aggregated information
- Aggregated volume 22,000 Ordinary Shares
- Price 45p per Ordinary Share
--- ------------------------- ----------------------------
e) Date of the transaction 8 June 2017
--- ------------------------- ----------------------------
f) Place of the transaction N/a
--- ------------------------- ----------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------
a) Name Julian Telling
--- ------------------------- ----------------------------
2 Reason for the notification
--- -------------------------------------------------------
a) Position/status Non-Executive Officer
--- ------------------------- ----------------------------
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 N/a
--- ------------------------- ----------------------------
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
of instrument
Identification
code
--- ------------------------- ----------------------------
b) Nature of the Purchase of Ordinary Shares
transaction
--- ------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
45p 55,500
--------- ----------
--- ------------------------- ----------------------------
d) Aggregated information
- Aggregated volume 55,500 Ordinary Shares
- Price 45p per Ordinary Share
--- ------------------------- ----------------------------
e) Date of the transaction 8 June 2017
--- ------------------------- ----------------------------
f) Place of the transaction N/a
--- ------------------------- ----------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------
a) Name Edward Rimmer
--- ------------------------- -------------------------------
2 Reason for the notification
--- ----------------------------------------------------------
a) Position/status Managing Director - Commercial
Finance Division
--- ------------------------- -------------------------------
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 N/a
--- ------------------------- -------------------------------
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
of instrument
Identification
code
--- ------------------------- -------------------------------
b) Nature of the Purchase of Ordinary Shares
transaction
--- ------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
45p 33,000
--------- ----------
--- ------------------------- -------------------------------
d) Aggregated information
- Aggregated volume 33,000 Ordinary Shares
- Price 45p per Ordinary Share
--- ------------------------- -------------------------------
e) Date of the transaction 8 June 2017
--- ------------------------- -------------------------------
f) Place of the transaction N/a
--- ------------------------- -------------------------------
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 notification
/Amendment
--- ------------------------- ----------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -------------------------------------------------------
a) Name 1pm plc
--- ------------------------- ----------------------------
b) LEI N/a
--- ------------------------- ----------------------------
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
of instrument
Identification
code
--- ------------------------- ----------------------------
b) Nature of the Purchase of Ordinary Shares
transaction
--- ------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
45p 128,906
--------- ----------
--- ------------------------- ----------------------------
d) Aggregated information
- Aggregated volume 128,906 Ordinary Shares
- Price 45p per Ordinary Share
--- ------------------------- ----------------------------
e) Date of the transaction 8 June 2017
--- ------------------------- ----------------------------
f) Place of the transaction N/a
--- ------------------------- ----------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQMMGGVNRRGNZG
(END) Dow Jones Newswires
June 08, 2017 03:20 ET (07:20 GMT)
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