Time Finance PLC Exercise of Options & Director/PDMR Shareholdings (5796B)
February 14 2022 - 4:59AM
UK Regulatory
TIDMTIME
RNS Number : 5796B
Time Finance PLC
14 February 2022
14 February 2022
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 the exercise of share options ("Options") under
the Company's Unapproved Share Option Scheme (the "Scheme").
The Option exercises, of nil cost Options under the Scheme 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 will remain
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 171,500 ordinary shares allocated from the
EBT in satisfying the Option exercises, 102,631 Ordinary Shares
have been sold at a price of 26 pence per ordinary share to meet
the tax liabilities arising from the exercises of Options, with the
balance of Ordinary Shares from the exercises being retained by the
participants in accordance with the terms of the Scheme.
Participant Position Ordinary Shares Ordinary
from Shares disposed
Option exercises of
James Roberts CFO 123,500 75,087
---------- ------------------ -----------------
Alun Winter PDMR 24,000 13,392
---------- ------------------ -----------------
Phil Chesham PDMR 24,000 14,152
---------- ------------------ -----------------
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 448,999 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, Chief Executive
Officer 01225 474230
James Roberts, Chief Financial
Officer 01225 474230
Cenkos Securities plc (NOMAD)
Ben Jeynes / Max Gould (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 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
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name 1. James Roberts
2. Alun Winter
3. Phil Chesham
-------------------------- ----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status 1. Chief Finance Officer
2. PDMR
3. PDMR
-------------------------- ----------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name Time Finance 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. 123,500
2. Nil pence 2. 24,000
3. Nil pence 3. 24,000
----------------
-------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume n/a - see table above
- Price
-------------------------- ----------------------------------------
e) Date of the transaction 11 February 2022
-------------------------- ----------------------------------------
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. Alun Winter
3. Phil Chesham
-------------------------- ---------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status 1. Chief Finance Officer
2. PDMR
3. PDMR
-------------------------- ---------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ---------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name Time Finance 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. 26 pence 1. 75,087
2. 26 pence 2. 13,392
3. 26 pence 3. 14,152
----------------
-------------------------- ---------------------------------------------
d) Aggregated information
- Aggregated volume n/a - see table above
- Price
-------------------------- ---------------------------------------------
e) Date of the transaction 11 February 2022
-------------------------- ---------------------------------------------
f) Place of the transaction AIMX
-------------------------- ---------------------------------------------
, 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
DSHKZLBFLLLZBBD
(END) Dow Jones Newswires
February 14, 2022 04:59 ET (09:59 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