TIDMTIME

RNS Number : 9582Q

Time Finance PLC

23 October 2023

23 October 2023

Time Finance plc

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

Director/PDMR Shareholding

Time Finance plc, the AIM listed independent specialist finance provider, announces that it was notified on 20 October 2023 that Ron Russell, Non-Executive Director of the Company, purchased 120,000 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") at a weighted average price of 29.52 pence per share, via UK Private Healthcare Ltd, on that same day. Ron Russell, together with his spouse, are interested in 50.01% of UK Private Healthcare Ltd's issued share capital.

Following this transaction, Ron Russell has a total beneficial interest in 11,542,788 Ordinary Shares, including those held by his spouse, representing 12.48% of the Company's issued share capital.

The information below, set out in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.

- Ends -

For further information, please contact:

Time Finance plc

Ed Rimmer, Chief Executive Officer 01225 474230

James Roberts, Chief Financial Officer

01225 474230

Cavendish Securities plc (NOMAD and Broker)

Ben Jeynes / Dan Hodkinson (Corporate Finance) 0207 220 000

Michael Johnson / George Budd (Sales)

Walbrook PR

0207 9338780

Paul Vann / Joe Walker

07768 807631

paul.vann@walbrookpr.com

About Time Finance :

Time Finance's purpose is to help UK businesses thrive and survive through the provision of flexible funding facilities. It offers a multi-product range for SMEs concentrating on asset, loan and invoice finance. While focussed on being an 'own-book' lender, the Group does retain the ability to broke-on deals where appropriate, enabling it to optimize business levels through market and economic cycles.

More information is available on the Company website: www.timefinance.com .

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                        UK Private Healthcare Ltd 
     --------------------------  ------------------------------------------- 
      Reason for the notification 
  2 
     ----------------------------------------------------------------------- 
 a)   Position/status             PCA of Ron Russell, Non-Executive Director 
     --------------------------  ------------------------------------------- 
 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) 
                                     29.26p     50,000 
                                      29.79p     50,000 
                                      29.50p     20,000 
                                               ---------- 
     --------------------------  ------------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume          120,000 
 
       - Price                      GBP35,438 
     --------------------------  ------------------------------------------- 
 e)   Date of the transaction     20 October 2023 
     --------------------------  ------------------------------------------- 
 f)   Place of the transaction    LONDON STOCK EXCHANGE (AIMX) 
     --------------------------  -------------------------------------------

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END

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October 23, 2023 03:31 ET (07:31 GMT)

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