1PM PLC Director/PDMR Shareholding (8553S)

TIDMOPM

RNS Number : 8553S

1PM PLC

08 November 2019

8 November 2019

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, announces that Ron Russell, Non-Executive Director, today purchased 68,916 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") at a price of 28.945 pence per Ordinary Share. Furthermore, Ron Russell's wife, Sandra Russell, a person closely associated with Ron Russell ("PCA"), today purchased 68,886 Ordinary Shares at a price of 28.945 pence per Ordinary Share.

Following these purchases, Mr Russell is beneficially interested in 10,977,967 Ordinary Shares representing approximately 12.3 per cent. of the Company's issued share capital.

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 020 7933 8780

Paul Vann 07768 807631

paul.vann@walbrookpr.com

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.

More information is available on the Company website www.1pm.co.uk

The Company makes the following disclosures in accordance with article 19(3) of the Market Abuse Regulation:

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                          1. Ron Russell 
                                     2. Sandra Russell 
     -----------------------  ------------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------- 
 a)   Position/status               1. Non-executive Director 
                                     2. Wife and PCA with of Ron Russell, 
                                     Non-executive Director 
     -----------------------  ------------------------------------------- 
 b)   Initial notification     Initial 
       /Amendment 
     -----------------------  ------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------- 
 a)   Name                     1pm plc 
     -----------------------  ------------------------------------------- 
 b)   LEI                      213800VG3QJGBP2MKR86 
     -----------------------  ------------------------------------------- 
 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              Ordinary Shares of 10p each 
       of the financial         ISIN: GB00BCDBXK43 
       instrument, 
       type of instrument 
       Identification 
       code 
     -----------------------  ------------------------------------------- 
 b)   Nature of the            Purchase of Ordinary Shares 
       transaction 
     -----------------------  ------------------------------------------- 
 c)   Price(s) and               Price(s)              Volume(s) 
       volume(s)                       1. GBP0.28945         1. 68,916 
                                        2. GBP0.28945         2. 68,886 
                                                       ---------------- 
     -----------------------  ------------------------------------------- 
 d)   Aggregated information 
       - Aggregated               Volume         Price 
       volume                          137,802   GBP0.28945 
       - Price                                  ----------- 
     -----------------------  ------------------------------------------- 
 e)   Date of the              8 November 2019 
       transaction 
     -----------------------  ------------------------------------------- 
 f)   Place of the             London Stock Exchange 
       transaction 
     -----------------------  -------------------------------------------

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.

END

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