REG - Time Finance PLC - Director Share Purchase

Time FinanceAnnouncement

23/10/2023 08:45

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RNS Number : 9582Q  Time Finance PLC  23 October 2023

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
(http://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  Ordinary Shares of 10p each

        Identification code

                                                                    ISIN: GB00BCDBXK43

 b)    Nature of the transaction                                    On market purchases of Ordinary Shares

 c)    Price(s) and volume(s)

Price(s)  Volume(s)
                                                                    29.26p    50,000

                                                                    29.79p    50,000

                                                                    29.50p    20,000
 d)    Aggregated information

       - Aggregated volume                                          120,000

       - Price                                                      £35,438

 e)    Date of the transaction                                      20 October 2023

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

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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