Director Share Purchase

RNS Number : 7755S

Time Finance PLC

18 July 2022

 

18 July 2022

Time Finance plc

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

PDMR/Director Trading

Time Finance plc, the AIM listed independent specialist finance provider, announces that it received notification that Ed Rimmer, CEO, purchased 54,347 ordinary shares of 10 pence each in the Company ("Ordinary Shares") at a price of 18.4 pence per share on 14 July 2022.  As a result, Mr Rimmer now holds a total of 54,347 Ordinary Shares, representing 0.06% of the Company's issued ordinary share capital.

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

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ed Rimmer
2	Reason for the notification
a)	Position/status	CEO
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
b)	Nature of the transaction	On market purchase
c)	Price(s) and volume(s)	Price(s) Volume(s) 18.4p 54,347
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	14 July 2022
f)	Place of the transaction	AIM

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) Julian Morse (Sales)	0207 397 8900
Walbrook PR	0207 933 8780
Paul Vann /Joseph Walker	07768 807631
	[e-mail]

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 .

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as amended by regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.

 

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