Director Share Purchase

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.

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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

[e-mail]

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.

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  Identification code	Ordinary Shares of 10p each 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 29.79p 29.50p 50,000 50,000 20,000
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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