REG - Time Finance PLC - Grant of 2025 LTIP Awards

Time FinanceAnnouncement

19/11/2025 07:00

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RNS Number : 0442I  Time Finance PLC  19 November 2025

19 November 2025

 

Time Finance plc

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

 

 

Grant of 2025 LTIP Awards

 

Time Finance plc, the AIM listed independent specialist finance provider,
announces that on 18 November 2025, the Company granted awards over an
aggregate of 625,000 ordinary shares in the form of nil cost options (the
"Performance Awards") to the executive directors of the Company under the 2025
Time Finance Long Term Incentive Plan (the "LTIP"). The Performance Awards
have been awarded to the executive directors as follows.

 

 Director       Role                     Number of Performance Awards
 Ed Rimmer      Chief Executive Officer  361,842
 James Roberts  Chief Financial Officer  263,158

 

The Performance Awards will vest three years from the date of grant
conditional upon the achievement of three-year performance conditions, details
of which are provided below. In determining the number of Performance Awards
granted to the executive directors, the Remuneration Committee has used a
share price of 57p, being the closing mid-market price per Time Finance
ordinary share on 1 June 2025.

 

Vesting of 85% of the Performance Awards is subject to a Company profit before
tax ("PBT") performance condition measured over the performance period of
three-years ending 31 May 2028 with threshold vesting of between 25% and 100%
of this portion of the Performance Award on achievement or exceeding of the
PBT performance condition.

 

The remaining 15% of the Performance Awards are subject to a Time Finance
total shareholder return ("TSR") performance condition measured over a
three-year period ending 31 May 2028, with vesting of between 25% and 100% of
this portion of the Performance Award on a straight-line basis over a hurdle
rate of compounded TSR.

 

The notifications below, provided in accordance with the Market Abuse
Regulation, provide further details.

 

Ends

 

 For further information, please contact:

 Time Finance plc                               01225 474230
 Ed Rimmer (CEO) / James Roberts (CFO)          ir@timefinance.com

 Cavendish (NOMAD and Broker)                   0207 220 0500
 Ben Jeynes / Teddy Whiley (Corporate Finance)

 Michael Johnson / Matt Lewis (Sales and ECM)

 Walbrook PR                                    0207 933 8780
 Nick Rome / Joe Walker                         Timefinance@walbrookpr.com

 

Subscribe to our news alert service:
https://investors.timefinance.com/auth/signup
(https://investors.timefinance.com/auth/signup)

 

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 primarily concentrating on Asset Finance 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) , and the interactive investor hub,
https://investors.timefinance.com (https://investors.timefinance.com) .

 

 

 

 1.          Details of the person discharging managerial responsibilities/person closely
             associated

 a)          Name                                     Ed Rimmer
 2.          Reason for the notification
 a)          Position/status                          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  Ordinary shares
 b)          Identification code                      ISIN: GB00BCDBXK43
 c)          Nature of the transactions               Initial award under the Time Finance 2025 LTIP
 d)          Price(s) and volume(s)                   Price:  nil

                                                      Volume: 361,842
 e)          Aggregated information                   N/A - Single transaction

             - Aggregated volume

             - Price
 f)          Date of the transactions                 18 November 2025
 g)          Place of the transactions                Outside a trading venue

 

 

 2.          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  Ordinary shares
 b)          Identification code                      ISIN: GB00BCDBXK43
 c)          Nature of the transactions               Initial award under the Time Finance 2025 LTIP
 d)          Price(s) and volume(s)                   Price: nil

                                                      Volume: 263,158
 e)          Aggregated information                   N/A - Single transaction

             - Aggregated volume

             - Price
 f)          Date of the transactions                 18 November 2025
 g)          Place of the transactions                Outside a trading venue

 

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