Vesting of Option Awards

Time Finance

03/10/2025 07:00

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

 

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, and the interactive investor hub, 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
Identification code
Ordinary Shares of 10p each
ISIN: GB00BCDBXK43
b)
Nature of the transaction
Vesting of awards under2022 Unapproved Share Option Scheme
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1. Nil
2. Nil
3. Nil
1. 411,667
2. 100,000
3. 100,000
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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