Information  X 
Enter a valid email address


  Print          Annual reports

Tuesday 28 April, 2020


Directorate Change

RNS Number : 1940L
28 April 2020

28 April 2020


1pm plc

("1pm" or the "Group")


Directorate change

1pm plc (AIM: OPM), the AIM listed independent specialist provider of finance facilities to UK SMEs, today announces a directorate change following a reorganisation of the senior management team.


Over the past two years, 1pm has been integrating acquired businesses into the Group. This has created a structure comprising product divisions and central business support functions. The transition to this new structure is largely complete.


In the light of this transition and following a review of the senior management team structure and cost, the Group has concluded that there is no longer a requirement for the position of Chief Operating Officer. As a result, Ed Rimmer will step down as a director of 1pm plc and will leave the Group's employment with effect from 30 April 2020. His operational duties will be absorbed by the Chief Executive Officer, Chief Financial Officer and the Operating Board members who currently lead the product divisions and group functions. 


John Newman, Non-executive Chairman, commented:


"On behalf of the Board I wish to record our sincere thanks and appreciation for the commitment and resolve shown by Ed during what has been a period of considerable change and challenge for our business."


Ian Smith, Chief Executive Officer, commented:


"Ed joined the Group when we acquired the entities that comprise the Invoice Finance Division and after very capably leading that division, has made a wider and significant contribution in his role as Chief Operating Officer successfully integrating the entire Group. His legacy is that the Group will now be efficiently run with a streamlined team of divisional and functional leaders. We wish Ed every success in his future career".  



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 / Ben Jeynes (Nomad)

Julian Morse (Sales)

0207 397 8900

Walbrook PR

0207 933 8780

Paul Vann

07768 807631

[email protected]


About 1pm:

1pm'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.


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 [email protected] or visit

a d v e r t i s e m e n t