Announcement PDF RNS Number : 3595K Time Finance PLC 20 December 2022 20 December 2022 Time Finance plc ("Time Finance", the "Group" or the "Company") Exercise of Employee Options and Director/PDMR Shareholdings Time Finance plc, the AIM listed independent specialist finance provider, announces the exercise of share options ("Options") under the Company's Unapproved Share Option Scheme (the "Scheme"). The Option exercises, of nil cost Options under the Scheme by certain of the Company's directors and PDMRs, have been satisfied through the allocation of existing ordinary shares held by the Time Finance Employee Benefit Trust ("EBT") and, as such, no new ordinary shares have been issued in connection with the Option exercises. Therefore, the total number of ordinary shares with voting rights in the Company following admission will remain 92,512,704. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Group under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules, Of the aggregate of 178,500 ordinary shares allocated from the EBT in satisfying the Option exercises, 102,631 Ordinary Shares have been sold at a price of 21.2 pence per ordinary share to meet the tax liabilities arising from the exercises of Options, with the balance of Ordinary Shares from the exercises being retained by the participants in accordance with the terms of the Scheme. Position Ordinary Shares from Option exercises Ordinary Shares disposed of James Roberts CFO 123,500 48,413 Lorraine Neyland PDMR 31,000 10,608 Phil Chesham PDMR 24,000 9,848 Participant As a result of the exercise of Options and taxation related disposal of New Ordinary Shares, James Roberts, the Company's Chief Financial Officer, is now interested in 524,086 ordinary shares, representing 0.6% of the Company's issued ordinary share capital. The notifications below, provided in accordance with the requirements of the UK Market Abuse Regulation, provide further details. 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) Ben Jeynes / Max Gould (Nomad) Julian Morse (Sales) 0207 397 8900 Walbrook PR 0207 933 8780 Paul Vann / Joe Walker 07768 807631 paul.vann@walbrookpr.com About Time Finance: Time Finance's core strategy is to provide the finance UK SMEs require to fund their businesses. It offers a multiproduct range for SMEs including asset, vehicle, 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 1 a) Details of the person discharging managerial responsibilities / person closely associated 1. James Roberts Name 2. Lorraine Neyland 3. Phil Chesham 2 Reason for the notification a) Position/status 1. 2. 3. b) Initial notification /Amendment Initial notification 3 a) Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor Name Time Finance plc b) LEI 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 Chief Finance Officer PDMR PDMR 213800VG3QJGBP2MKR86 Ordinary Shares of 10p each Identification code b) Nature of the transaction c) Price(s) and volume(s) Exercise of nil cost share options under Unapproved Share Option Scheme d) Price(s) Volume(s) 1. 2. 3. 1. 2. 3. Nil pence Nil pence Nil pence 123,500 31,000 24,000 Aggregated information - Aggregated volume n/a - see table above - Price e) Date of the transactions 19 December 2022 f) Place of the transaction Outside of a trading venue 1 a) Details of the person discharging managerial responsibilities / person closely associated 1. James Roberts Name 2. Lorraine Neyland 3. Phil Chesham 2 Reason for the notification a) Position/status b) Initial notification /Amendment 3 a) Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor Name Time Finance plc b) LEI 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 1. 2. 3. Chief Finance Officer PDMR PDMR Initial notification 213800VG3QJGBP2MKR86 Ordinary Shares of 10p each Identification code b) Nature of the transaction c) Price(s) and volume(s) Sale of ordinary shares of 10p each pursuant to exercises of nil cost share options under Unapproved Share Option Scheme Price(s) 1. 2. 3. d) Volume(s) 21.2 pence 21.2 pence 21.2 pence Aggregated information - Aggregated volume n/a - see table above 1. 2. 3. 48,413 10,608 9,848 - Price e) Date of the transactions 19 December 2022 f) Place of the transaction AIMX This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. 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