TIDMTIME

RNS Number : 7633I

Time Finance PLC

15 December 2020

TR-1: S tandard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS 
 
 1a. Identity of the issuer                              Time Finance plc (formerly 1pm plc) 
  or the underlying issuer                                     LEI: 213800VG3QJGBP2MKR86 
  of existing shares to which 
  voting rights are attached 
  (ii) : 
                                              --------------------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer (please mark with 
  an "X" if appropriate) 
 Non-UK issuer 
                                                                                                   ---- 
 2. Reason for the notification (please mark the appropriate box or boxes 
  with an "X") 
 An acquisition or disposal of voting rights                                                         X 
                                                                                                   ---- 
 An acquisition or disposal of financial instruments 
                                                                                                   ---- 
 An event changing the breakdown of voting rights 
                                                                                                   ---- 
 Other (please specify)(iii) : 
                                                                                                   ---- 
 3. Details of person subject to the notification obligation (iv) 
 Name                                          Cloverleaf 375 Limited 
 City and country of registered                London, England 
  office (if applicable) 
 4. Full name of shareholder(s) (if different from 3.) (v) 
 Name 
                                              --------------------------------------------------------- 
 City and country of registered 
  office (if applicable) 
                                              --------------------------------------------------------- 
 5. Date on which the threshold                15/05/2020 
  was crossed or reached (vi) 
  : 
                                              --------------------------------------------------------- 
 6. Date on which issuer notified              18/05/2020 
  (DD/MM/YYYY): 
                                              --------------------------------------------------------- 
 7. Total positions of person(s) subject to the notification obligation 
                              % of voting      % of voting rights   Total of both   Total number 
                            rights attached     through financial     in % (8.A      of voting rights 
                            to shares (total       instruments          + 8.B)       of issuer (vii) 
                                of 8. A)          (total of 8.B 
                                                   1 + 8.B 2) 
                          ------------------  -------------------  --------------  -------------------- 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached               19.99%              0                    19.99%          88,985,316 
                          ------------------  -------------------  --------------  -------------------- 
 Position of 
  previous notification 
  (if 
  applicable)              0%                  0                    0% 
                          ------------------  -------------------  --------------  -------------------- 
 
 
 
 8. Notified details of the resulting situation on the date on which 
  the threshold was crossed or reached (viii) 
 A: Voting rights attached to shares 
 Class/type of      Number of voting rights                             % of voting rights 
  shares             (ix) 
  ISIN code (if 
  possible) 
                           Direct                   Indirect                     Direct                  Indirect 
                     (Art 9 of Directive       (Art 10 of Directive        (Art 9 of Directive     (Art 10 of Directive 
                         2004/109/EC)              2004/109/EC)           2004/109/EC) (DTR5.1)        2004/109/EC) 
                           (DTR5.1)                 (DTR5.2.1)                                          (DTR5.2.1) 
                                           -------------------------- 
 GB00BCDBXK43            17,796,173                                              19.99% 
                   ----------------------  --------------------------  -------------------------  --------------------- 
 
 
 SUBTOTAL 8. A                         17,796,173                                           19.99% 
                   --------------------------------------------------  ------------------------------------------------ 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
  (DTR5.3.1.1 (a)) 
 Type of            Expiration   Exercise/                       Number of voting                  % of voting 
  financial          date         Conversion Period               rights that may                   rights 
  instrument         (x)          (xi)                            be acquired if 
                                                                  the instrument 
                                                                  is 
                                                                  exercised/converted. 
                   -----------  ------------------------------  --------------------------------  --------------------- 
 
 
 
                                 SUBTOTAL 8. B 1 
                                ------------------------------  --------------------------------  --------------------- 
 
 B 2: Financial Instruments with similar economic effect according to 
  Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
 Type of       Expiration        Exercise/             Physical or           Number of             % of voting 
  financial     date (x)          Conversion            cash                  voting rights         rights 
  instrument                      Period (xi)           settlement 
                                                        (xii) 
              ----------------  --------------------  --------------------  -------------------- 
 
 
 
                                                       SUBTOTAL 8.B.2 
                                                      --------------------  -------------------- 
 
 
 
 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is not controlled 
  by any natural person or legal entity and does not control any other 
  undertaking(s) holding directly or indirectly an interest in the 
  (underlying) issuer (xiii) 
 Full chain of controlled undertakings through which the voting rights 
  and/or the 
  financial instruments are effectively held starting with the ultimate 
  controlling natural person or legal entity (xiv) (please add additional 
  rows as necessary) 
         Name (xv)             % of voting rights     % of voting rights       Total of both if 
                                  if it equals         through financial        it equals or is 
                                  or is higher         instruments if it        higher than the 
                               than the notifiable    equals or is higher     notifiable threshold 
                                    threshold         than the notifiable 
                                                           threshold 
                             ---------------------  ---------------------  ------------------------ 
 Wellesley Group Investors 
  Limited                            19.99%                   0                     19.99% 
                             ---------------------  ---------------------  ------------------------ 
 
 
 
 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder 
                                                    ----------------------------------------------- 
 The number and % of voting rights 
  held 
                                                    ----------------------------------------------- 
 The date until which the voting rights 
  will be held 
                                                    ----------------------------------------------- 
 
 11. Additional information (xvi) 
 This notification made on 15 December 2020 follows and replaces one submitted 
  to the issuer on 18 May 2020. The prior notification erroneously stated 
  that the entity that had at that time acquired a notifiable interest 
  in the issuer's ordinary shares was 'Cloverleaf 374 Limited', and not 
  Cloverleaf 375 Limited. 
 
 
 
 Place of completion   London, United Kingdom 
 Date of completion    15/05/2020 
                      ----------------------- 
 

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