TIDMTIME
RNS Number : 0098A
Time Finance PLC
27 May 2021
27 May 2021
Time Finance plc
("Time Finance", the "Group" or the "Company")
Exercise of Employee Options and Director/PDMR Shareholdings
Time Finance plc, the AIM listed independent specialist finance
provider, announces that as a result of exercises of nil cost share
options ("Options") under the Company's Unapproved Share Option
Scheme (the "Scheme") on 26 May 2021, the Company has made
application for a total of 2,138,500 new ordinary shares in the
Company (the "New Ordinary Shares") to be admitted to trading on
AIM. The New Ordinary Shares will rank pari-passu with existing
ordinary shares and it is expected that admission will occur at
8.00 a.m. on 2 June 2021 ("Admission").
Of the New Ordinary Shares, an aggregate of 1,236,508 New
Ordinary Shares have been sold at a price of 31.65 pence per New
Ordinary Shares to meet tax liabilities and national insurance
contributions arising from the exercises of Options, with the
balance of the New Ordinary Shares being retained by the
participants in accordance with the terms of the Scheme.
Following admission of the New Ordinary Shares to trading on
AIM, the Group's issued ordinary share capital will comprise
92,512,704 ordinary shares, none of which are held in treasury.
Therefore, the total number of ordinary shares with voting rights
in the Company following admission will be 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.
Participant Position Options exercised New Ordinary
/ New Ordinary Shares disposed
Shares of
James Roberts CFO 864,500 525,616
---------- ------------------ -----------------
Jennifer Bodey PDMR 217,000 121,086
---------- ------------------ -----------------
Lorraine Neyland PDMR 217,000 121,086
---------- ------------------ -----------------
Holly Mapstone PDMR 168,000 93,744
---------- ------------------ -----------------
Alun Winter PDMR 168,000 93,744
---------- ------------------ -----------------
Phil Chesham PDMR 168,000 93,744
---------- ------------------ -----------------
Tansy Cunningham PDMR 168,000 93,744
---------- ------------------ -----------------
David Jones PDMR 168,000 93,744
---------- ------------------ -----------------
As a result of the exercise of Options and taxation related
disposal of New Ordinary Shares, James Roberts, the Company's Chief
Financial Officer, is now interested in 520,551 ordinary shares,
representing 0.5% of the Company's issued ordinary share
capital.
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, 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 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. 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 26 May 2021
--------------------------- --------------------------------------
f) Place of the transaction Outside of a trading venue
--------------------------- --------------------------------------
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 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. 31.65 pence 1. 525,616
2. 31.65 pence 2. 121,086
3. 31.65 pence 3. 121,086
4. 31.65 pence 4. 93,744
5. 31.65 pence 5. 93,744
6. 31.65 pence 6. 93,744
7. 31.65 pence 7. 93,744
8. 31.65 pence 8. 93,744
-----------------
-------------------------- -------------------------------------------
d) Aggregated information
- Aggregated volume n/a - see table above
- Price
-------------------------- -------------------------------------------
e) Date of the transaction 26 May 2021
-------------------------- -------------------------------------------
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHEDLBLFELXBBV
(END) Dow Jones Newswires
May 27, 2021 02:00 ET (06:00 GMT)
1pm (LSE:OPM)
Historical Stock Chart
From Sep 2024 to Oct 2024
1pm (LSE:OPM)
Historical Stock Chart
From Oct 2023 to Oct 2024