Employee Benefit Trust Share Purchase

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	01225 474230
James Roberts, Chief Financial Officer	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
	[e-mail]

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  

 

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