REG - Time Finance PLC - Director Share Purchase

Time FinanceAnnouncement

11/07/2023 07:00

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RNS Number : 5510F  Time Finance PLC  11 July 2023

11 July 2023

 

Time Finance plc

("Time Finance", the "Group" or the "Company")

 

Director Share Purchase

 

Time Finance plc, the AIM listed specialist finance provider, announces that
it was notified on 10 July 2023 that Ron Russell, a Non-Executive Director of
the Company, purchased 100,000 ordinary shares of 10 pence each in the capital
of the Company ("Ordinary Shares") at a price of 26.0 pence per Ordinary Share
on that same day.

 

As a result of this purchase of Ordinary Shares, Ron Russell is now interested
in an aggregate of 11,422,788 Ordinary Shares, representing 12.3% of the
Company's issued ordinary share capital.

 

 The information below is disclosed in accordance with Article 19 of the EU
 Market Abuse Regulation.

 

 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 and Broker)
 Ben Jeynes / Max Gould (Corporate Finance)  0207 397 8900

 Michael Johnson / George Budd (Sales)

 Walbrook PR                                 0207 933 8780
 Paul Vann / Joe Walker                      0740 702 0470
                       Timefinance@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
 (http://www.timefinance.com/) .

1     Details of the person discharging managerial responsibilities / person closely
    associated
 a)    Name

                                   Ron Russell
 2  Reason for the notification
 a)    Position/status                                              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  Ordinary Shares of 10p each

        Identification code

                                   ISIN: GB00BCDBXK43

 b)    Nature of the transaction                                    On market purchase of ordinary shares

 c)    Price(s) and volume(s)

 Price(s)  Volume(s)
                                                                 26.0p     100,000

 d)    Aggregated information

    -Aggregated volume                                           n/a single transaction

    -Price

 e)    Date of the transaction                                      10 July 2023

 f)    Place of the transaction                                     LONDON STOCK EXCHANGE (AIMX)

 d)

 Aggregated information

 - Aggregated volume

 - Price

  n/a single transaction

 e)

 Date of the transaction

 10 July 2023

 f)

 Place of the transaction

 LONDON STOCK EXCHANGE (AIMX)

 

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
(http://www.timefinance.com/) .

 

 

 

 1     Details of the person discharging managerial responsibilities / person closely
       associated
 a)    Name

                                                                    Ron Russell
 2     Reason for the notification
 a)    Position/status                                              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  Ordinary Shares of 10p each

        Identification code

                                                                    ISIN: GB00BCDBXK43

 b)    Nature of the transaction                                    On market purchase of ordinary shares

 c)    Price(s) and volume(s)

Price(s)  Volume(s)
                                                                    26.0p     100,000

 d)    Aggregated information

       - Aggregated volume                                           n/a single transaction

       - Price

 e)    Date of the transaction                                      10 July 2023

 f)    Place of the transaction                                     LONDON STOCK EXCHANGE (AIMX)

d)

Aggregated information

- Aggregated volume

- Price

 

 n/a single transaction

 

 

e)

Date of the transaction

10 July 2023

 

 

f)

Place of the transaction

LONDON STOCK EXCHANGE (AIMX)

 

 

 

 

 

 

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