REG - Orchard Funding Grp - Director Shareholding

Orchard FundingAnnouncement

08/03/2023 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230308:nRSH1935Sa&default-theme=true

RNS Number : 1935S  Orchard Funding Group PLC  08 March 2023

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 1(st) 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
(http://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

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHJRMATMTIMBRJ