Director Share Purchases

RNS Number : 2764G

Time Finance PLC

14 November 2022

 

14 November 2022

Time Finance plc

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

Director Share Purchases

Time Finance plc, the AIM listed specialist finance provider, announces that it was notified on 11 November 2022 that Ron Russell, a Non-Executive Director of the Company, purchased 344,821 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") on that same day at a price of 17.4 pence per Ordinary Share.

As a result of this purchase of Ordinary Shares, Ron Russell is now interested in an aggregate of 11,322,788 Ordinary Shares, representing 12.2% of the Company's issued ordinary share capital.

The information below is disclosed in accordance with Article 19 of the EU Market Abuse Regulation. 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) Michael Johnson / George Budd (Sales) 0207 397 8900 Walbrook PR 0207 933 8780 Paul Vann / Joe 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 . 1   Details of the person discharging managerial responsibilities / person closely associated a) Name Ron Russell 2 Reason for the notification a) Position/status 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 purchase of ordinary shares c) Price(s) and volume(s) Price(s) Volume(s) 17.4 p 344,821 d) Aggregated information - Aggregated volume - Price  n/a single transaction e) Date of the transaction 11 November 2022 f) Place of the transaction LONDON STOCK EXCHANGE (AIMX)

 

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