Exercise of Options & Director/PDMR Shareholdings
Time Finance plc announced the exercise of 411,667 nil cost share options by its Chief Executive Officer, Ed Rimmer, utilizing existing ordinary shares from the Employee Benefit Trust, meaning no new shares were issued. Following this, Mr. Rimmer now beneficially holds 1,331,498 ordinary shares, representing 1.4% of the company's issued share capital. The total number of voting rights remains unchanged at 92,512,704.
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Time Finance plc, the AIM listed independent specialist finance provider, announces the exercise of share options ("Options") under the Company's 2022 Unapproved Share Option Scheme (the "Scheme").
The exercise of 411,667 historically awarded nil cost Options under the Scheme by Ed Rimmer, the Company's Chief Executive Officer, have been satisfied through the allocation of existing ordinary shares held by the Time Finance Employee Benefit Trust ("EBT") and, as such, no new ordinary shares have been issued in connection with the Option exercise.
- Rimmer has retained all of the Options exercised and, as a result, Ed Rimmer is now beneficially interested in an increased 1,331,498 ordinary shares, representing 1.4% of the Company's issued ordinary share capital.
The total number of ordinary shares with voting rights in the Company remains at 92,512,704. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Group under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
| a) | Name | 1. Ed Rimmer |
| 2 | Reason for the notification | |
| a) | Position/status | 1. Chief Executive Officer |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Time Finance plc |
| b) | LEI | 213800VG3QJGBP2MKR86 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 10p each |
| b) | Nature of the transaction | Exercise of nil cost share options under Unapproved Share Option Scheme |
| c) | Price(s) and volume(s) | Price(s) Volume(s) 1. Nil 1. 411,667 |
| d) | Aggregated information - Aggregated volume - Price | n/a - see table above |
| e) | Date of the transaction | 12 November 2025 |
| f) | Place of the transaction | Outside of a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.