TIDMTIME

RNS Number : 5645J

Time Finance PLC

27 April 2022

TR-1: S tandard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS 
 
 1a. Identity of the issuer or the underlying                                 Time Finance plc 
  issuer of existing shares to which voting 
  rights are attached (ii) : 
                                                         --------------------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer (please mark with 
  an "X" if appropriate) 
 Non-UK issuer 
                                                                                                ------------------ 
 2. Reason for the notification (please mark the appropriate box or boxes 
  with an "X") 
 An acquisition or disposal of voting rights 
                                                                                                ------------------ 
 An acquisition or disposal of financial instruments                                                     X 
                                                                                                ------------------ 
 An event changing the breakdown of voting rights 
                                                                                                ------------------ 
 Other (please specify) (iii) : 
                                                                                                ------------------ 
 3. Details of person subject to the notification obligation (iv) 
 Name                                                     Arena Investors, LP 
 City and country of registered office                    NY, USA 
  (if applicable) 
 4. Full name of shareholder(s) (if different from 3.) (v) 
 Name 
                                                         --------------------------------------------------------- 
 City and country of registered office 
  (if applicable) 
                                                         --------------------------------------------------------- 
 5. Date on which the threshold was crossed               22/04/2022 
  or reached (vi) : 
                                                         --------------------------------------------------------- 
 6. Date on which issuer notified (DD/MM/YYYY):           26/04/2022 
                                                         --------------------------------------------------------- 
 7. Total positions of person(s) subject to the notification obligation 
                                      % of voting         % of voting rights    Total of both    Total number 
                                    rights attached       through financial      in % (8.A +      of voting rights 
                                    to shares (total         instruments             8.B)         held in issuer 
                                        of 8. A)            (total of 8.B                         (8.A + 8.B) 
                                                              1 + 8.B 2)                          (vii) 
                               ------------------------  -------------------  ----------------  ------------------ 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached                                                    19.92%             19.92%           18,425,000 
                                                         -------------------  ----------------  ------------------ 
 Position of 
  previous notification 
  (if 
  applicable) 
                                                         -------------------  ----------------  ------------------ 
 
 
 
 8. Notified details of the resulting situation on the date on which the 
  threshold was crossed or reached (viii) 
 A: Voting rights attached to shares 
 Class/type of      Number of voting rights                 % of voting rights 
 shares              (ix) 
 ISIN code (if 
 possible) 
                         Direct             Indirect                     Direct                    Indirect 
                        (DTR5.1)           (DTR5.2.1)                    (DTR5.1)                 (DTR5.2.1) 
                                      ------------------- 
 
 
 
 SUBTOTAL 8. A 
                   --------------------------------------  --------------------------------------------------- 
 
 B 1: Financial Instruments according to DTR5.3.1R (1) (a) 
 Type of            Expiration        Exercise/            Number of voting                     % of voting 
 financial           date              Conversion Period    rights that may                      rights 
 instrument          (x)               (xi)                 be acquired if 
                                                            the instrument 
                                                            is 
                                                            exercised/converted. 
                   ----------------  -------------------  -----------------------------------  --------------- 
 
 
 
                                      SUBTOTAL 8. B 1 
                                     -------------------  -----------------------------------  --------------- 
 
 B 2: Financial Instruments with similar economic effect according to DTR5.3.1R 
  (1) (b) 
 Type of           Expiration         Exercise/           Physical or         Number of         % of voting 
 financial          date (x)          Conversion           cash                voting rights     rights 
 instrument                           Period (xi)          Settlement 
                                                           (xii) 
                  -----------------  ------------------  ------------------  ---------------- 
 
   Contractual 
   Swaps                  N/A                 N/A                 N/A            18,425,000          19.92% 
                  -----------------  ------------------  ------------------  ---------------- 
 
 
                                         SUBTOTAL 8.B.2                         18,425,000          19.92% 
                                        ------------------                   ---------------- 
 
 
 
 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is not controlled                          X 
  by any natural person or legal entity and does not control any other 
  undertaking(s) holding directly or indirectly an interest in the 
  (underlying) issuer (xiii) 
 Full chain of controlled undertakings through which the voting rights 
  and/or the 
  financial instruments are effectively held starting with the ultimate 
  controlling natural person or legal entity (please add additional 
  rows as necessary) (xiv) 
    Name (xv)            % of voting rights           % of voting rights         Total of both if 
                           if it equals or             through financial          it equals or is 
                         is higher than the            instruments if it          higher than the 
                        notifiable threshold          equals or is higher       notifiable threshold 
                                                      than the notifiable 
                                                           threshold 
                  -------------------------------  ------------------------  ------------------------ 
 
 
 
 
 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder 
                                                   -------------------------------------------------- 
 The number and % of voting rights 
  held 
                                                   -------------------------------------------------- 
 The date until which the voting rights 
  will be held 
                                                   -------------------------------------------------- 
 
 11. Additional information (xvi) 
 
 
 
 
 Place of completion   London, England 
 Date of completion    26/04/2022 
                      ---------------- 
 

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