Time Finance Share Discussion Threads

[red ninja] 12/1/2021 09:20

Yes, I believe they are just transfers.

[tiswas] 12/1/2021 09:13

Presumably the 2 rns today are simply transfers of holding between group companies?

Wellesley looks a bit of a mess looking at latest companies house info, do we know the reasons for taking the holding in TIME?

[red ninja] 06/1/2021 09:41

I wonder if the principal shareholders were less than impressed with the generous management share options,

[speedsgh] 06/1/2021 08:03

Both CEO Ian Smith & Chairman John Newman are leaving...

Directorate Changes -

Time Finance plc, the AIM listed independent specialist finance provider, announces the following directorate changes.

John Newman, Non-Executive Chairman of the Company, has informed the Board of his intention to retire. As part of a succession plan already agreed by the Board and currently in progress, he will step down on appointment of his successor. The Company is currently in discussions with potential candidates and an announcement in connection with the appointment of a new Chairperson will be made in due course.

In addition, following recent discussions between the directors, the Company's principal shareholders, and Ian Smith, its Chief Executive Officer ("CEO"), it has been decided that, following the recent re-branding of the Group to Time Finance and the successful leadership of the Group through the impact of the Covid-19 pandemic to date and given Ian's intention in any event to retire at the end of 2021, now is an appropriate time for Ian to step down from the role of CEO of the Group. Ian will leave the Group's employment and cease to be a director of the Company once a suitable successor is appointed.

A process is underway to identify a potential successor as CEO and the Company will make a further announcement in due course.

John Newman commented:

"Under Ian's leadership the Group successfully implemented a "buy and build" strategy that he was instrumental in building and directing and which has taken the Group from a single product Company to being a specialist provider of a wide range of finance products to UK SMEs. This transformation has been due in no small part to Ian's dedication and commitment to our business and to supporting and guiding every member of our team in meeting the Group's strategic objectives over the last five years. The Board's sincere thanks and appreciation are extended to Ian with our best wishes for the future."

[wanttowin] 17/12/2020 09:48

Well I hope they achieve that RN, opens a door for me to get out.

[red ninja] 16/12/2020 15:47

Mmm the share options that richly rewarded the management at no cost have damaged sentiment to the company in my view.

Still as the management get 70% of 5% = 3.5% of existing company shares when share price hits 31p. I'm sure they will be extremely keen to get the share price to 31p.

See :-

[wanttowin] 11/12/2020 13:02

Well name change has not helped matters, I'm still holding this crock in the forlorn hope it might turn a corner !

[someuwin] 09/12/2020 14:49

Formerly 1PM PLC

[noirua] 23/1/2018 13:40

BLOC - the clock ticks...

[trentendboy] 21/5/2015 21:05

Held these and lost it all. Got nothing as far as I recall lol

[boldtrader] 21/5/2015 15:02

Looks like they're still trading!!

[boldtrader] 21/5/2015 15:01

Did any time private investors get any return after administration?

[boldtrader] 21/5/2015 14:58

Timestrip latest still trading!!!

[boldtrader] 21/5/2015 14:57

Timestrip latest

[boldtrader] 21/5/2015 14:55

google timestrip for latest trading position!!!

[boldtrader] 21/5/2015 14:54

Update timestrip investors take a look at www.timestrip.com

[boldtrader] 21/5/2015 14:52

Old Timestrip investors, update!!

[boldtrader] 21/5/2015 14:50

Any old timestrippers out there!! I see Timestrip are still trading well with several
multinational Companies here in 2015 after going into adminstration in 2010,fleecing many private shareholders.
Just google timestrip.com. to read all about their current status.

[energyi] 17/1/2011 07:55

ong's hat - time travel classic

by Joseph Mathini - who met John Titor

[energyi] 17/1/2011 07:19

Time Travel - Does it exist ?

If you have an open mind, then listen to this...

Temporal Ricon - John Titor Story by Anonymous

mp3:

Do a search on: John Titor

[monkeywrench] 18/11/2010 14:26

I agree boldtrader, but it's better than doing nothing.
Anyone else who is not happy about getting shafted by these crooks, please
write to -

Paul Jones
Phoenix Company Vetting Section
Companies Investigation Branch
21 Bloomsbury Street
London
WC1B 3QW

You never know, if a few more of us make noises .....

[incidentmanager] 14/11/2010 12:56

tight holes :-