Time Finance Unapproved Share Option Scheme

Time Finance plc

Time Finance plc (LON:TIME), the AIM listed independent specialist finance provider, announces that following the achievement of share price performance criteria in relation to the Company’s Unapproved Share Option Scheme a total of 2,138,500 previously awarded nil cost options over ordinary shares of 10 pence each in the capital of the Company have today vested. The terms of the Scheme were previously announced by the Group on 29 October 2020.

The Vested Options are all held by the below Directors/PDMRs of the Company and may be exercised at any time prior to an expiry date of 21 May 2022 being 12 months from today’s vesting date.

 PositionNumber of Vested Options
James RobertsCFO 864,500
Jennifer BodeyPDMR 217,000
Lorraine NeylandPDMR 217,000
Holly MapstonePDMR 168,000
Alun WinterPDMR 168,000
Phil CheshamPDMR 168,000
Tansy CunninghamPDMR 168,000
David JonesPDMR 168,000

A further 916,500 share options have been granted under the Scheme but remain unvested due to the time-based element of their criteria. Subject to continued employment this would see a third vesting in October 2021, a further third in October 2022 and a final third in October 2023 proportionate to the allocation of those that have vested today.

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.

We’ll keep you in the loop!

Join 1,000's of investors who read our articles first

We don’t spam! Read our privacy policy for more info.

Share on:
Find more news, interviews, share price & company profile here for:

Time Finance publishes AGM Notice and Annual Report

Time Finance plc has released notice of its 2025 annual general meeting, scheduled for 10:30am on 6 November 2025 at the Apex City of Bath Hotel.

Time Finance reports record Q1 revenue and profit growth

Time Finance delivered a strong Q1 to 31 August 2025, with profit before tax up 11% to £2.1m and revenue rising 3% to £9.4m. Own-book lending origination grew 30% to £28.5m, while the lending book increased 8% to £221.1m.

Time Finance delivers 34% profit growth in Full-Year results

Time Finance reported strong performance for the year ended 31 May 2025, with profit before tax up 34% to £7.9m and earnings per share rising 31% to 6.3pps.

Time Finance confirms results date and AGM

Time Finance will publish its audited annual results for the year ended 31 May 2025 on 24 September 2025, alongside a Q1 trading update. A live investor presentation will follow the announcement, with the AGM scheduled for 6 November 2025.

Time Finance secures over £250m in funding facilities

Time Finance has increased its total funding facilities to more than £250 million, providing over £95 million in headroom to support its three-year growth strategy through to May 2028. The expanded facilities, backed by eight long-standing funding partners, will help meet continued demand across Asset and Invoice Finance divisions.

Time Finance reports record revenue and profit growth in FY 2024/25

Time Finance plc has reported an 11% rise in revenue to £37.0m and a 34% increase in profit before tax to £7.9m for the year ended 31 May 2025, exceeding market expectations.

Search

Search