1PM PLC Result of AGM & Allotment of New Shares (3297L)
01 October 2016 - 1:10AM
UK Regulatory
TIDMOPM
RNS Number : 3297L
1PM PLC
30 September 2016
30 September 2016
1pm plc
(the "Group" or the "Company")
RESULT OF ANNUAL GENERAL MEETING
AND
ALLOTMENT OF SHARES
1pm plc (AIM: OPM), the AIM listed specialist independent
provider of finance facilities to the SME sector, announces that,
at the Annual General Meeting of the Company held today in Bath,
all resolutions put to shareholders were duly passed.
In addition, the Company also announces that a total of
1,960,270 new Ordinary Shares of 10p each (the "New Ordinary
Shares") have been allotted pursuant to the earn-out arrangements
relating to the acquisition of Academy Leasing Limited completed on
25 August 2015. Of these, 1,469,501 New Ordinary Shares have been
allotted to Michael Nolan and 490,769 New Ordinary Shares have been
allotted to Hazel Jacques. These New Ordinary Shares satisfy the
additional consideration payable following the achievement of new
business origination targets for the financial year ended 31 May
2016. Application for admission to trading on AIM of the New
Ordinary Shares will be made and admission is expected to take
place on 6 October 2016. The new Ordinary Shares will be issued on
admission and will rank pari passu with the Ordinary Shares then in
issue.
In accordance with the provisions of the Disclosure and
Transparency Rules of the Financial Conduct Authority, the Company
confirms that, following this issue of New Ordinary Shares, its
issued share capital will comprise 54,494,733 Ordinary Shares of
10p each. All of these Ordinary Shares have equal voting rights and
none of the Ordinary Shares are held in Treasury. The total number
of voting rights in the Company will therefore be 54,494,733
following Admission.
Following the issue, Michael Nolan will hold 4,150,006 Ordinary
Shares, representing approximately 7.6 per cent. of the Company's
issued share capital and Hazel Jacques will hold 1,385,976 Ordinary
Shares, representing approximately 2.5 per cent. of the Company's
issued share capital.
For further information,
please contact:
1pm plc
Ian Smith, Chief Executive
Officer 01225 474230
Helen Walker, Chief Financial
Officer 01225 474230
Cenkos (NOMAD)
Max Hartley (NOMAD),
Julian Morse (Sales) 0207 397 8900
Walbrook PR 0117 985 8989
Paul Vann 07768 807631
paul.vann@walbrookpr.com
About 1pm:
The Company was admitted to AIM in August 2006.
1pm plc is a group of established independent finance companies
focused on providing SMEs with accessible funding to add value to
their businesses. All customers must have good credit histories and
proven ability to repay their finance commitments.
Mission Statement - 'Helping the UK economy grow by supporting
SMEs'
More information is available on the Company website
www.1pm.co.uk
1 Details of the person discharging managerial
responsibilities/person closely associated
---- -------------------------------------------------------------------------
a) Name: Michael F. Nolan
---- ---------------------------------- -------------------------------------
2 Reason for the notification
---- -------------------------------------------------------------------------
a) Position/Status: Chief Strategic Officer
---- ---------------------------------- -------------------------------------
b) Initial Notification/Amendment: Initial Notification
---- ---------------------------------- -------------------------------------
3 Details of the issuer, emission allowance
market participation, auction platform, auctioneer
or auction monitor
---- -------------------------------------------------------------------------
a) Name: 1pm plc
---- ---------------------------------- -------------------------------------
b) LEI: n/a
---- ---------------------------------- -------------------------------------
4. Details of 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.
---- -------------------------------------------------------------------------
a) Description of the Ordinary Shares of 10
financial instrument: pence each
Identification code: ISIN: GB00BCDBXK43
---- ---------------------------------- -------------------------------------
b) Nature of the transaction: Issuance of Ordinary
Shares as deferred consideration
---- ---------------------------------- -------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
---- ---------------------------------- ------------------ -----------------
Nil 1,469,501
---------------------------------------------------------- -----------------
d) Aggregated volume: N/A
Price:
---- ---------------------------------- -------------------------------------
e) Date of the Transaction: 30 September 2016
---- ---------------------------------- -------------------------------------
f) Place of the Transaction: London Stock Exchange
---- ---------------------------------- -------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
---- -------------------------------------------------------------------------
a) Name: Hazel Jacques
---- ---------------------------------- -------------------------------------
2 Reason for the notification
---- -------------------------------------------------------------------------
a) Position/Status: Chief Marketing Officer
---- ---------------------------------- -------------------------------------
b) Initial Notification/Amendment: Initial Notification
---- ---------------------------------- -------------------------------------
3 Details of the issuer, emission allowance
market participation, auction platform, auctioneer
or auction monitor
---- -------------------------------------------------------------------------
a) Name: 1pm plc
---- ---------------------------------- -------------------------------------
b) LEI: n/a
---- ---------------------------------- -------------------------------------
4. Details of 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.
---- -------------------------------------------------------------------------
a) Description of the Ordinary Shares of 10
financial instrument: pence each
Identification code: ISIN: GB00BCDBXK43
---- ---------------------------------- -------------------------------------
b) Nature of the transaction: Issuance of Ordinary
Shares as deferred consideration
---- ---------------------------------- -------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
---- ---------------------------------- ------------------ -----------------
Nil 490,769
---------------------------------------------------------- -----------------
d) Aggregated volume: N/A
Price:
---- ---------------------------------- -------------------------------------
e) Date of the Transaction: 30 September 2016
---- ---------------------------------- -------------------------------------
f) Place of the Transaction: London Stock Exchange
---- ---------------------------------- -------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
RAGGIGDCSSXBGLG
(END) Dow Jones Newswires
September 30, 2016 11:10 ET (15:10 GMT)
Time Finance (LSE:TIME)
Historical Stock Chart
From Apr 2024 to May 2024
Time Finance (LSE:TIME)
Historical Stock Chart
From May 2023 to May 2024