23 October 2023
Time Finance plc
("Time Finance", the "Group" or the "Company")
Director/PDMR Shareholding
Time Finance plc, the AIM listed independent specialist finance provider, announces that it was notified on 20 October 2023 that Ron Russell, Non-Executive Director of the Company, purchased 120,000 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") at a weighted average price of 29.52 pence per share, via UK Private Healthcare Ltd, on that same day. Ron Russell, together with his spouse, are interested in 50.01% of UK Private Healthcare Ltd's issued share capital.
Following this transaction, Ron Russell has a total beneficial interest in 11,542,788 Ordinary Shares, including those held by his spouse, representing 12.48% 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 220 000
Michael Johnson / George Budd (Sales)
Walbrook PR 0207 9338780
Paul Vann / Joe Walker 07768 807631
paul.vann@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 | UK Private Healthcare Ltd | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | PCA of Ron Russell, Non-Executive Director
| ||||
| 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 |
120,000
£35,438
| ||||
| e) | Date of the transaction | 20 October 2023
| ||||
| f) | Place of the transaction | LONDON STOCK EXCHANGE (AIMX)
| ||||
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