TIDMTIME

RNS Number : 9450S

Time Finance PLC

19 July 2022

19 July 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 has been notified that the following Directors of the Company purchased an aggregate of 74,188 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") on 18 July 2022, in the amounts and at the prices detailed below.

 
  Director        Position       Ordinary      Price      Shareholding   Shareholding 
                                  Shares      (pence)       following        as a 
                                Purchased                   purchase      percentage 
                                                                          of issued 
                                                                            share 
                                                                           capital 
 Tanya         Non-Executive 
  Raynes        Chair           21,156       18.85        21,156         0.02% 
              ---------------  -----------  -----------  -------------  ------------- 
 Julian        Non-Executive 
  Telling       Director        26,000       18.85        248,166        0.27% 
              ---------------  -----------  -----------  -------------  ------------- 
               Chief 
 James          Financial 
  Roberts       Officer         26,962       18.50        475,961        0.51% 
              ---------------  -----------  -----------  -------------  ------------- 
 
 
   The information below 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                                   1) Tanya Raynes 
                                                 2) Julian Telling 
                                                 3) James Roberts 
        --------------------------  --------------------------------------- 
         Reason for the notification 
     2 
        ------------------------------------------------------------------- 
    a)   Position/status                        1) Non-Executive Chair 
                                                 2) Non-Executive Director 
                                                 3) Chief Financial Officer 
        --------------------------  --------------------------------------- 
    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          ISIN: GB00BCDBXK43 
          Identification code 
        --------------------------  --------------------------------------- 
    b)   Nature of the transaction   On market purchases of ordinary shares 
        --------------------------  --------------------------------------- 
    c)   Price(s) and volume(s)       Price(s)          Volume(s) 
                                            1) 18.85p    21,156 
                                             2) 18.85p    26,000 
                                             3) 18.50p    26,972 
                                                        ---------- 
        --------------------------  --------------------------------------- 
    d)   Aggregated information 
          - Aggregated volume         n/a single transactions 
          - Price 
        --------------------------  --------------------------------------- 
    e)   Date of the transaction                1) 18 July 2022 
                                                 2) 18 July 2022 
                                                 3) 18 July 2022 
        --------------------------  --------------------------------------- 
    f)   Place of the transaction    LONDON STOCK EXCHANGE (AIMX) 
        --------------------------  --------------------------------------- 
 
 
 
 
   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 .

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