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On 20 September 2024, Ravi Takhar, Chief Executive Officer of Orchard Funding Group PLC, acquired 527,126 ordinary shares at 15 pence per share in an off-market transaction. These shares were previously held by an independently managed trust of which he is a beneficiary. Following this acquisition, Ravi Takhar holds 12,213,541 Ordinary Shares, representing 57.20% of the Company's voting share capital.
| Date | 25 Sept 2024 |
| Time | 07:00:11 |
| Category | Director/PDMR dealings |
| ID | 4424F |
25th September 2024
Orchard Funding Group PLC
Director Shareholding
Orchard Funding Group PLC ("Orchard", the "Group" or "Company"), the finance group which specialises in insurance premium finance and the professions funding market, confirms that on 20 September 2024, Ravi Takhar, the Company's chief executive officer acquired 527,126 ordinary shares in the capital of the Company ("Ordinary Shares"), previously held by an independently managed trust of which he is a beneficiary (the "Trust").
Following the transfer, Ravi Takhar is holding 12,213,541 Ordinary Shares in the Company representing 57.20% per cent of the Company's voting share capital.
For further information, please contact:
Orchard Funding Group PLC +44 (0)1582 346 248
Ravi Takhar, Chief Executive Officer
Liberum (Nomad and Broker) +44 (0)20 3100 2222
Edward Mansfield
For Investor Relations please go to: www.orchardfundinggroupplc.com
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a)
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Name |
Ravi Takhar |
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2 |
Reason for the notification |
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a)
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Position/status |
CEO |
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b)
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Initial notification/Amendment |
Initial |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a)
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Name |
Orchard Funding Group plc |
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b) |
LEI |
213800U4K2POJCSQYR97 |
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4
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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 |
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a)
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Description of the financial instrument, type of instrument |
Ordinary shares of 1 penny each |
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Identification code |
GB00BYZFM569 |
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b)
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Nature of the transaction
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Acquisition |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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15p |
527,126 |
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d)
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Aggregated information |
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- Aggregated volume |
N/A |
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- Price |
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e)
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Date of the transaction
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20 September 2024 |
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f) |
Place of the transaction |
Off-market transaction |
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