Time Finance PLC - Employee Benefit Trust Share Purchase
Released
Released
Announcement PDF
RNS Number : 1018A
Time Finance PLC
27 May 2021
Time Finance plc
("Time Finance", the "Group" or the "Company")
Employee Benefit Trust Share Purchase
The Company has been notified by the trustee of the Time Finance plc
Employees' Share Trust (the "EBT") that on 26 May 2021, the EBT purchased a
total of 1,236,508 Ordinary Shares at a price of 31.65 pence each. The shares
will be held in the EBT, a discretionary trust, and are intended to be used to
satisfy the exercise of any share options by employees including the Directors of
the Company should the situation arise. Following these transactions, the
Company's EBT holds a total of 1,807,685 Ordinary Shares, representing
approximately 2.0% of the Company's issued share capital.
For further information, please
contact:
Time Finance plc
Ed Rimmer, Interim Chief Executive
Officer
James Roberts, Chief Financial
Officer
01225 474230
01225 474230
Cenkos Securities plc (NOMAD)
Max Hartley / Ben Jeynes (Nomad)
Julian Morse (Sales)
0207 397 8900
Walbrook PR
0207 933 8780
Paul Vann / Nicholas Johnson
07768 807631
paul.vann@walbrookpr.com
About Time Finance:
Time Finance's strategy is to focus on providing or arranging the finance UK SMEs
require to fund their businesses and arranging vehicle and property-backed
finance for consumers. The multi-product range for SMEs includes asset, vehicle,
loan and invoice finance facilities. The Group 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
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with
the information contained in this communication, and to share such analysis on an anonymised basis with others as
part of our commercial services. For further information about how RNS and the London Stock Exchange use the
personal data you provide us, please see our Privacy Policy.
END
POSSEMFMWEFSEEI
Share your feedback
Discover