TIDMTIME

RNS Number : 7755S

Time Finance PLC

18 July 2022

18 July 2022

Time Finance plc

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

PDMR/Director Trading

Time Finance plc, the AIM listed independent specialist finance provider, announces that it received notification that Ed Rimmer, CEO, purchased 54,347 ordinary shares of 10 pence each in the Company ("Ordinary Shares") at a price of 18.4 pence per share on 14 July 2022. As a result, Mr Rimmer now holds a total of 54,347 Ordinary Shares, representing 0.06% of the Company's issued ordinary share capital.

The information in the below notification is disclosed in accordance with Article 19 of the EU Market Abuse Regulation.

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                            Ed Rimmer 
     ------------------------------  -------------------------------- 
      Reason for the notification 
  2 
     ---------------------------------------------------------------- 
 a)   Position/status                 CEO 
     ------------------------------  -------------------------------- 
 b)   Initial notification            Initial notification 
       /Amendment 
     ------------------------------  -------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------- 
 a)   Name                            Time Finance plc 
     ------------------------------  -------------------------------- 
 b)   LEI                             213800VG3QJGBP2MKR86 
     ------------------------------  -------------------------------- 
      Details of the transaction(s): section to be repeated for 
  4    (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              Ordinary Shares of 10p each 
       financial instrument, 
       type of instrument 
       Identification code 
     ------------------------------  -------------------------------- 
 b)   Nature of the transaction       On market purchase 
     ------------------------------  -------------------------------- 
 c)   Price(s) and volume(s)            Price(s)   Volume(s) 
                                         18.4p      54,347 
                                                   ---------- 
     ------------------------------  -------------------------------- 
 d)   Aggregated information 
       - Aggregated volume              n/a 
       - Price 
     ------------------------------  -------------------------------- 
 e)   Date of the transaction         14 July 2022 
     ------------------------------  -------------------------------- 
 f)   Place of the transaction        AIM 
     ------------------------------  -------------------------------- 
 
 
 
   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) 
  Julian Morse (Sales)                                   0207 397 8900 
 
 Walbrook PR                                             0207 933 8780 
 Paul Vann /Joseph Walker                                 07768 807631 
                                            Timefinance@walbrookpr.com 
 

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 .

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 as amended by regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.

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END

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