8 March 2023
Orchard Funding Group PLC
Director Shareholding
Orchard Funding Group PLC ("Orchard", the "Group" or "Company"), the finance group which specialises in insurance premium finance and the professions funding market, confirms that on 1st March 2023 Ravi Takhar, the Company's chief executive officer, acquired 114,041 ordinary shares in the capital of the Company ("Ordinary Shares"), previously held by an independently managed trust of which he is a beneficiary (the "Trust").
Following the transfer, Ravi is holding 11,572,374 Ordinary Shares in the Company representing 54.19% per cent of the Company's voting share capital.
For further information, please contact:
Orchard Funding Group PLC +44 (0)1582 346 248
Ravi Takhar, Chief Executive Officer
Liberum (Nomad and Broker) +44 (0)20 3100 2222
Lauren Kettle
For Investor Relations please go to: www.orchardfundinggroupplc.com
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a)
| Name | Ravi Takhar | |||
| 2 | Reason for the notification | ||||
| a)
| Position/status | CEO | |||
| b)
| Initial notification/Amendment | Initial | |||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a)
| Name | Orchard Funding Group plc | |||
| b) | LEI | 213800U4K2POJCSQYR97 | |||
| 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 financial instrument, type of instrument | Ordinary shares of 1 penny each | |||
| | | ||||
| Identification code | GB00BYZFM569 | ||||
| | | ||||
| b)
| Nature of the transaction
| Acquisition | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 45p | 114,041 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | N/A | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
| Date of the transaction
| 1 March 2023 | |||
| f) | Place of the transaction | Off-market transaction | |||
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