TIDMTIME

RNS Number : 4399K

Time Finance PLC

05 May 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                                                         X 
                                                                                                   ---- 
 An acquisition or disposal of financial instruments 
                                                                                                   ---- 
 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):                    04/05/2022 
                                                                  ------------------------------------- 
 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                    18.89%               1.03%             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) 
                                                      ---------------------- 
 GB00BCDBXK43                        17,475,000                                      18.89% 
                               ---------------------  ----------------------  --------------------  ---------------- 
 
 
 SUBTOTAL 8. A 
                               ---------------------------------------------  -------------------------------------- 
 
 B 1: Financial Instruments according to DTR5.3.1R (1) (a) 
 Type of financial              Expiration   Exercise/                   Number of voting            % of voting 
  instrument                     date         Conversion Period           rights that may             rights 
                                 (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 financial         Expiration        Exercise/         Physical or          Number of        % of voting 
  instrument                date (x)          Conversion        cash                 voting rights    rights 
                                              Period (xi)       Settlement 
                                                                (xii) 
                          ----------------  ----------------  -------------------  --------------- 
 
   Contractual 
   Swaps                          N/A               N/A                N/A              950,000            1.03% 
                          ----------------  ----------------  -------------------  --------------- 
 
 
                                                               SUBTOTAL 8.B.2          950,000            1.03% 
                                                              -------------------  --------------- 
 
 
 
 
 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    4/5/2022 
                      ---------------- 
 

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