Director/PDMR Shareholding

RNS Number : 9124R

1PM PLC

19 June 2018

 

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 ("MAR")

1pm plc

(the "Group" or the "Company")

Director/PDMR Shareholdings

1pm plc (AIM: OPM), the AIM listed independent specialist provider of finance facilities to the SME sector, announces that Mike Nolan, Executive Director, who announced in December 2017 his intention to retire in December this year, sold 1,000,000 ordinary shares of 10p each in the Company ("Ordinary Shares") at a price of 45p per share on 19 June 2018.  Following this sale, Mr Nolan has a total interest in 4,432,969 Ordinary Shares in the Company, representing approximately 5.1 per cent. of its issued share capital.

The Company makes the following disclosures in accordance with article 19(3) of the Market Abuse Regulation:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Michael Francis Nolan
2	Reason for the notification
a)	Position/status	Managing Director - Asset Finance
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	1pm 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	Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 45p per share 1,000,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	19 June 2018
f)	Place of the transaction	London Stock Exchange

For further information, please contact:
1pm plc
Ian Smith, Chief Executive Officer	01225 474230
James Roberts, Chief Financial Officer	01225 474230
Cenkos (NOMAD)
Max Hartley (NOMAD), Julian Morse (Sales)	0207 397 8900
Walbrook PR	0117 985 8989
Paul Vann	07768 807631
	[e-mail]

About 1pm:

The Company was admitted to AIM in August 2006.

1pm plc is a group of established independent finance companies focused on providing SMEs with accessible funding to add value to their businesses. All customers must have good credit histories and proven ability to repay their finance commitments.

Mission Statement - 'Helping the UK economy grow by supporting SMEs'

More information is available on the Company website www.1pm.co.uk

 

END

 

 

DSHSFMFIUFASEIM