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Time Finance plc announced on 14 November 2025 that its Chief Executive Officer, Ed Rimmer, exercised 411,667 nil cost share options under the Company's 2022 Unapproved Share Option Scheme. These options were satisfied through the allocation of existing ordinary shares from the Company's Employee Benefit Trust, with no new shares issued. As a result, Mr. Rimmer's beneficial interest increased to 1,331,498 ordinary shares, representing 1.4% of the Company's issued ordinary share capital.
| Date | 14 Nov 2025 |
| Time | 13:57:42 |
| Category | Capital structure |
| ID | 6529H |
14 November 2025
Time Finance plc
("Time Finance", the "Group" or the "Company")
Exercise of Share Options and Director/PDMR Shareholdings
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.
Mr. 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.
The notification below, provided in accordance with the requirements of the UK Market Abuse Regulation, provides further details.
Ends
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For further information, please contact: |
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Time Finance plc |
01225 474230 |
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Ed Rimmer (CEO) / James Roberts (CFO) |
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Cavendish (NOMAD and Broker) |
0207 220 0500 |
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Ben Jeynes / Teddy Whiley (Corporate Finance) Michael Johnson / Matt Lewis (Sales and ECM) |
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Walbrook PR |
0207 933 8780 |
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Nick Rome / Joe Walker |
Subscribe to our news alert service: https://investors.timefinance.com/auth/signup
About Time Finance:
Time Finance's purpose is to help UK businesses thrive and survive through the provision of flexible funding facilities. It offers a multi-product range for SMEs primarily concentrating on Asset Finance and Invoice Finance. While focussed on being an 'own-book' lender, the Group does retain the ability to broke-on deals where appropriate, enabling it to optimize business levels through market and economic cycles.
More information is available on the Company website, www.timefinance.com, and the interactive investor hub, https://investors.timefinance.com.
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1
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Details of the person discharging managerial responsibilities / person closely associated |
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a)
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Name
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1. Ed Rimmer
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2
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Reason for the notification
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a)
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Position/status |
1. Chief Executive Officer
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b)
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Initial notification /Amendment
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Initial notification |
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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
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Time Finance plc |
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b)
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LEI
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213800VG3QJGBP2MKR86 |
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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
Identification code |
Ordinary Shares of 10p each
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b)
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Nature of the transaction
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Exercise of nil cost share options under Unapproved Share Option Scheme |
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c)
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Price(s) and volume(s)
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d)
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Aggregated information
- Aggregated volume
- Price |
n/a - see table above |
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e)
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Date of the transaction
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12 November 2025 |
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f)
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Place of the transaction |
Outside of a trading venue |
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