Time Finance PLC Employee Benefit Trust Share Purchase (1018A)

TIDMTIME

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 
                                    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

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May 27, 2021 12:29 ET (16:29 GMT)

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