11 October 2023
Time Finance plc
("Time Finance", the "Group" or the "Company")
Director/PDMR Shareholdings
Time Finance plc, the AIM listed independent specialist finance provider, announces that on 10 October 2023, Michelle Rimmer, spouse of Edward Rimmer, Chief Executive Officer of the Company, purchased 30,432 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") at a volume weighted average price of 27.93 pence per share.
In addition, on 10 October 2023, James Roberts, Chief Financial Officer, and Tanya Raynes, Non-Executive Chair, purchased 21,410 Ordinary Shares at a price of 27.97 pence per share and 10,671 Ordinary Shares at a price of 28.00 pence per share respectively.
Following these transactions, Edward Rimmer, has a total beneficial interest in 96,498 Ordinary Shares, including those held by his spouse, representing 0.10% of the Company's issued share capital. James Roberts holds a total of 556,960 Ordinary Shares, representing 0.60% of the Company's issued share capital and Tanya Raynes holds a total of 31,827 Ordinary Shares, representing 0.03% of the Company's issued share capital.
The information below, set out in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.
- Ends -
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 220500
Michael Johnson / George Budd (Sales)
Walbrook PR 0207 9338780
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.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Michelle Rimmer
| ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Person closely associated with Edward Rimmer, Chief Executive Officer
| ||||
| b) | Initial notification /Amendment | Initial notification | ||||
| 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 financial instrument, type of instrument Identification code | Ordinary Shares of 10p each
ISIN: GB00BCDBXK43
| ||||
| b) | Nature of the transaction | On market purchases of Ordinary Shares
| ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information - Aggregated volume - Price |
30,432
£8,500
| ||||
| e) | Date of the transaction | 10 October 2023
| ||||
| f) | Place of the transaction | LONDON STOCK EXCHANGE (AIMX)
| ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | James Roberts | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Financial Officer
| ||||
| b) | Initial notification /Amendment | Initial notification | ||||
| 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 financial instrument, type of instrument Identification code | Ordinary Shares of 10p each
ISIN: GB00BCDBXK43
| ||||
| b) | Nature of the transaction | On market purchases of ordinary shares
| ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A - single transaction
| ||||
| e) | Date of the transaction | 10 October 2023
| ||||
| f) | Place of the transaction | LONDON STOCK EXCHANGE (AIMX)
| ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Tanya Raynes | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Non-Executive Chairman
| ||||
| b) | Initial notification /Amendment | Initial notification | ||||
| 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 financial instrument, type of instrument Identification code | Ordinary Shares of 10p each
ISIN: GB00BCDBXK43
| ||||
| b) | Nature of the transaction | On market purchases of ordinary shares
| ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A - single transaction
| ||||
| e) | Date of the transaction | 10 October 2023
| ||||
| f) | Place of the transaction | LONDON STOCK EXCHANGE (AIMX)
| ||||
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