Time Finance PLC Director Share Purchase (5510F)

TIDMTIME

RNS Number : 5510F

Time Finance PLC

11 July 2023

11 July 2023

Time Finance plc

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

Director Share Purchase

Time Finance plc, the AIM listed specialist finance provider, announces that it was notified on 10 July 2023 that Ron Russell, a Non-Executive Director of the Company, purchased 100,000 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") at a price of 26.0 pence per Ordinary Share on that same day.

As a result of this purchase of Ordinary Shares, Ron Russell is now interested in an aggregate of 11,422,788 Ordinary Shares, representing 12.3% of the Company's issued ordinary share capital.

 
 The information below is disclosed in accordance with Article 
  19 of the EU Market Abuse Regulation. 
 
    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 and 
    Broker) 
   Ben Jeynes / Max Gould (Corporate 
    Finance) 
    Michael Johnson / George Budd (Sales)                  0207 397 8900 
 
   Walbrook PR                                             0207 933 8780 
   Paul Vann / Joe Walker                                  0740 702 0470 
                                              [e-mail] 
 
 
  About Time Finance: 
  Time Finance's core strategy is to focus on providing or arranging 
  the finance UK SMEs require to fund their businesses. It offers 
  a multi-product range for SMEs including asset, vehicle, loan 
  and invoice finance. While primarily an 'own-book' lender the 
  Group does 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 
  . 
 
 
        Details of the person discharging managerial responsibilities 
    1    / person closely associated 
   a)   Name 
                                                Ron Russell 
       --------------------------  -------------------------------------- 
        Reason for the notification 
    2 
       ------------------------------------------------------------------ 
   a)   Position/status                        Non-Executive Director 
       --------------------------  -------------------------------------- 
   b)   Initial notification        Initial notification 
         /Amendment 
       --------------------------  -------------------------------------- 
        Details of the issuer, emission allowance market participant, 
    3    auction platform, auctioneer or auction monitor 
       ------------------------------------------------------------------ 
   a)   Name                        Time Finance plc 
       --------------------------  -------------------------------------- 
   b)   LEI                         213800VG3QJGBP2MKR86 
       --------------------------  -------------------------------------- 
        Details of the transaction(s): section to be repeated for 
    4    (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          Ordinary Shares of 10p each 
         financial instrument, 
         type of instrument          ISIN: GB00BCDBXK43 
         Identification code 
       --------------------------  -------------------------------------- 
   b)   Nature of the transaction   On market purchase of ordinary shares 
       --------------------------  -------------------------------------- 
   c)   Price(s) and volume(s)       Price(s)           Volume(s) 
                                                 26.0p   100,000 
                                                        ---------- 
       --------------------------  -------------------------------------- 
   d)   Aggregated information 
         - Aggregated volume         n/a single transaction 
         - Price 
       --------------------------  -------------------------------------- 
   e)   Date of the transaction                10 July 2023 
       --------------------------  -------------------------------------- 
   f)   Place of the transaction    LONDON STOCK EXCHANGE (AIMX) 
       --------------------------  -------------------------------------- 
 

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July 11, 2023 02:00 ET (06:00 GMT)