REG - Time Finance PLC - Vesting of Option Awards

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RNS Number : 8843B  Time Finance PLC  03 October 2025

3 October 2025

 

Time Finance plc

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

 

 

Unapproved Share Option Scheme - Vesting of Option Awards

 

Time Finance plc, the AIM listed independent specialist finance provider,
announces the vesting of an aggregate of 611,667 historically awarded share
options following the achievement of profit-based performance criteria in
relation to the Company's 2022 Unapproved Share Option Scheme (the "2022
Scheme").

 

The terms of the 2022 Scheme were previously announced by the Group on 22 July
2022. It remains the Board's strong intention that existing ordinary shares
held by the Company's Employee Benefit Trust will be utilised to meet any
future exercise of these vested options. The vested options are all held by
the below Directors/PDMRs of the Company in the amounts below and may be
exercised at nil-cost at any time prior to the exercise expiry date.

 

 Name           Position  Number of Vested Options  Exercise Expiry
 Ed Rimmer      CEO       411,667                   30 September 2028
 Steve Nichols  PDMR      100,000                   30 September 2028
 Sharon Bryden  PDMR      100,000                   30 September 2028

 

There remain no further unvested share options previously granted under the
2022 Scheme.

 

The notifications below, provided in accordance with the requirements of the
UK 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) .

 

 

 

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                                                         1.     Ed Rimmer

                                                                    2.     Steve Nichols

                                                                    3.     Sharon Brydon

 2     Reason for the notification
 a)    Position/status                                              1.     Chief Executive Officer

                                                                    2.     PDMR

                                                                    3.     PDMR
 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                                    Vesting of awards under 2022 Unapproved Share Option Scheme

 c)    Price(s) and volume(s)

Price(s)         Volume(s)
                                                                    1.     Nil       1.     411,667

                                                                    2.     Nil       2.     100,000

                                                                    3.     Nil       3.     100,000
 d)    Aggregated information

       - Aggregated volume                                          N/A Single transactions

       - Price
 e)    Date of the transaction                                      2 October 2025

 f)    Place of the transaction                                     Outside of a trading venue

 

d)

Aggregated information

- Aggregated volume

- Price

 

N/A Single transactions

 

e)

Date of the transaction

2 October 2025

 

 

f)

Place of the transaction

Outside of a trading venue

 

 

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