Director/PDMR Shareholding

RNS Number : 4527Q

1PM PLC

18 October 2019

 

1pm plc

(the "Group" or the "Company") 

Director/PDMR Shareholding

1pm plc (AIM: OPM), the AIM listed independent specialist provider of finance facilities to the SME sector, has today been informed that Ron Russell, Non-Executive Director, today purchased a total of 282,941 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") at an average price of 28.93 pence per share.

Following this purchase Mr Russell holds 10,840,165 Ordinary Shares representing approximately 12.2 per cent. of the Company's issued share capital.  

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	020 7933 8780
Paul Vann	07768 807631
	[e-mail]

About 1pm:

1pm's strategy is to focus on providing or arranging the finance UK SMEs require to fund their businesses and arranging vehicle and property-backed finance for consumers. The multi-product range for SMEs includes asset, vehicle, loan and invoice finance facilities. The Group 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.1pm.co.uk

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	Ron Russell
2	Reason for the notification
a)	Position/status	Non-executive Director
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	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 1.   £0.28915 2.   £0.28915 3.   £0.2896 4.   £0.28915 1.   41,018 2.   69,130 3.   69,049 4.   103,744
d)	Aggregated information - Aggregated volume - Price	Volume Price 282,941 £0.2893
e)	Date of the transaction	18 October 2019
f)	Place of the transaction	London Stock Exchange

 

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