Directors' Participation in Placing

RNS Number : 5918F

1PM PLC

18 May 2017

 

18 May 2017

1pm plc

(the "Group" or the "Company")

Director/PDMR Shareholding

1pm plc (AIM: OPM), the AIM listed independent specialist provider of finance facilities to the SME sector, confirms that, further to the announcement made this morning, all those Directors who indicated that they intended to participate in the Fundraising have now confirmed their participation.

Accordingly, the following Directors have agreed to subscribe for Placing Shares, in the following amounts, at the Issue Price of 45 pence per Ordinary Share:

Director	Number of Existing Ordinary Shares held	Number of  Placing Shares Subscribed for	Resultant holding following  Admission on 8 June 2016*	Estimated resultant percentage holding following  Admission on 8 June 2016*
Ian Smith	41,667	55,500	97,167	0.12%
Mike Nolan	4,150,006	55,500	4,205,506	5.02%
James Roberts	0	22,000	22,000	0.03%
John Newman	41,667	55,500	97,167	0.12%
Julian Telling	41,667	55,500	97,167	0.12%

*Assuming the Fundraising completes and the Open Offer is fully subscribed.

A further announcement will be made in due course at such time that the above transactions complete.

Capitalised terms used in this announcement have the meanings given to them in the Circular that was posted to Shareholders today.

For further information, please contact:
1pm plc
Ian Smith, Chief Executive Officer	01225 474230
James Roberts, Chief Financial Officer	01225 474230
Cenkos (NOMAD)
Max Hartley (NOMAD), Julian Morse (Sales)	0207 397 8900
Walbrook PR	0117 985 8989
Paul Vann	07768 807631
	[e-mail]

 

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