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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Time Finance Plc | LSE:TIME | 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% | 40.75 | 40.00 | 41.50 | 40.75 | 40.75 | 40.75 | 57,499 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Electrical Machy, Equip, Nec | 27.57M | 3.45M | 0.0373 | 10.92 | 37.7M |
From Oct 2023 to Apr 2024
TIDMTIME
RNS Number : 1152U
Time Finance PLC
21 November 2023
21 November 2023
Time Finance plc
("Time Finance", the "Group" or the "Company")
Exercise of Share Options and Director/PDMR Shareholdings
Time Finance plc, the AIM listed independent specialist finance provider, announces the exercise of share options ("Options") under the Company's Unapproved Share Option Schemes (the "Schemes").
The Option exercises, of nil cost Options under the Schemes by certain of the Company's directors and PDMRs, have been satisfied through the allocation of existing ordinary shares held by the Time Finance Employee Benefit Trust ("EBT") and, as such, no new ordinary shares have been issued in connection with the Option exercises.
Therefore, the total number of ordinary shares with voting rights in the Company following admission remains at 92,512,704. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Group under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules,
Of the aggregate of 690,166 ordinary shares allocated from the EBT in satisfying the Option exercises, 147,604 ordinary shares have been sold by participants at a price of 32.50 pence per ordinary share to meet the tax liabilities arising from the exercises of Options. The balance of ordinary shares from the exercises have been retained by the participants in accordance with the terms of the Schemes.
Hot Features
Premium
Participant Position Ordinary Shares Ordinary
from Shares disposed
Option exercises of
E d Rimmer C EO 411,666 Nil
---------- ------------------ -----------------
James Roberts CFO 123,500 65,454
---------- ------------------ -----------------
Lorraine Neyland PDMR 31,000 16,430
---------- ------------------ -----------------
Phil Chesham PDMR 24,000 12,720
---------- ------------------ -----------------
S teve Nichols P DMR 100,000 53,000
---------- ------------------ -----------------
As a result of these exercises of Options and taxation related disposal of ordinary shares, Ed Rimmer, the Company's Chief Executive Officer, and James Roberts, the Company's Chief Financial Officer, are now interested in 508,164 and 615,006 ordinary shares, representing 0.6% and 0.7% of the Company's issued ordinary share capital, respectively.
The notifications below, provided in accordance with the requirements of the UK Market Abuse Regulation, provide further details.
For further information, please contact:
Time Finance plc
Ed Rimmer, Chief Executive Officer 01225 474230
James Roberts, Chief Financial Officer 01225 474230
Cavendish Securities plc (NOMAD and Broker)
Ben Jeynes / Dan Hodkinson (Corporate Finance)
0207 220 0500
Michael Johnson / George Budd / Charlie Combe (Sales and ECM)
Walbrook PR
0207 933 8780
Paul Vann / Joe Walker
07768 807631
timefinance@walbrookpr.com
About Time Finance:
Time Finance's purpose is to help UK businesses thrive and survive through the provision of flexible funding facilities. It offers a multi-product range for SMEs concentrating on asset, loan and invoice finance. While focussed on being an 'own-book' lender, the Group does retain the ability to broke-on deals where appropriate, 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 1. Ed Rimmer
2. James Roberts
3. Lorraine Neyland
4. Phil Chesham
5. Steve Nichols
-------------------------- -----------------------------------------
Reason for the notification
2
---------------------------------------------------------------------
a) Position/status 1. Chief Executive Officer
2. Chief Financial Officer
3. PDMR
4. PDMR
5. PDMR
-------------------------- -----------------------------------------
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
4 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 Ordinary Shares of 10p each
financial instrument,
type of instrument
Identification code
-------------------------- -----------------------------------------
b) Nature of the transaction Exercise of nil cost share options
under Unapproved Share Option Scheme
-------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. Nil pence 1. 411,666
2. Nil pence 2. 123,500
3. Nil pence 3. 31,000
4. Nil pence 4. 24,000
5. Nil pence 5. 100,00
-----------------
-------------------------- -----------------------------------------
d) Aggregated information
- Aggregated volume n/a - see table above
- Price
-------------------------- -----------------------------------------
e) Date of the transaction 17 November 2023
-------------------------- -----------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------- -----------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name 1. James Roberts
2. Lorraine Neyland
3. Phil Chesham
4. Steve Nichols
-------------------------- -----------------------------------------------------
Reason for the notification
2
---------------------------------------------------------------------------------
a) Position/status 1. Chief Financial Officer
2. PDMR
3. PDMR
4. PDMR
-------------------------- -----------------------------------------------------
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
4 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 Ordinary Shares of 10p each
financial instrument,
type of instrument
Identification code
-------------------------- -----------------------------------------------------
b) Nature of the transaction Sale of ordinary shares of 10p each
pursuant to exercises of nil cost
share options under Unapproved Share
Option Scheme
-------------------------- -----------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. 32.5 pence 1. 65,454
2. 32.5 pence 2. 16,430
3. 32.5 pence 3. 12,720
4. 32.5 pence 4. 53,000
----------------------
-------------------------- -----------------------------------------------------
d) Aggregated information
- Aggregated volume n/a - see table above
- Price
-------------------------- -----------------------------------------------------
e) Date of the transaction 17 November 2023
-------------------------- -----------------------------------------------------
f) Place of the transaction AIMX
-------------------------- -----------------------------------------------------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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END
DSHFIFFELELLFIV
(END) Dow Jones Newswires
November 21, 2023 02:00 ET (07:00 GMT)
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