1PM PLC Change of Name to Time Finance plc (6803H)
07 Diciembre 2020 - 1:00AM
UK Regulatory
TIDMOPM
RNS Number : 6803H
1PM PLC
07 December 2020
7 December 2020
1pm plc
(the "Company")
CHANGE OF COMPANY NAME TO TIME FINANCE PLC
GROUP-WIDE CORPORATE REBRAND
Unified brand will deliver a comprehensive financing solution to
UK SME businesses
1pm plc, the AIM listed independent specialist finance provider
to UK SME businesses is pleased to announce that the Company's name
is changing to Time Finance plc with immediate effect. All
subsidiary businesses within the 1pm Group will hereafter form part
of the Time Finance brand. A resolution giving the Directors
authority to change the Company's name was approved by shareholders
at the Company's AGM held on 6 November 2019. The change of Company
name has been formally registered at Companies House and a new
certificate issued.
With effect from Tuesday 8 December 2020, trading in the
Company's ordinary shares on AIM will commence under the new name
and the new ticker will be TIME. The Company's ISIN (GB00BCDBXK43)
and SEDOL remain unchanged. Shareholders should note that their
shareholdings will be unaffected by the change of name and existing
share certificates should be retained as no new share certificates
will be issued. The Company's website will change to
www.timefinance.com with effect from 8.00am today and all
information pursuant to AIM Rule 26 will be available at this
address.
The rebranding follows the recent completion of the "buy and
build" phase of the Group's strategic expansion which has resulted
in it being able to offer a comprehensive portfolio of financing
solutions tailored for the UK SME market through its enhanced
lending and broking operations. The Company is now simplifying its
operating structure into a single nationally recognised,
market-facing product offering under the new name.
Ian Smith, Chief Executive Officer, commented:
"The underlying strength of our market position, product
offering, business model and robust operating structures have
proven resilient, relevant and effective during the continuing
economic and trading challenges presented by the Covid-19 pandemic.
The rebranding of the business is designed to further consolidate
and strengthen our offering, integrating and unifying 1pm (UK) Ltd,
trading as Onepm Finance, Academy Leasing; Bradgate Business
Finance; Intelligent Loans; Positive Cashflow Finance and Gener8
Finance under one consistent brand name and identity to deliver a
more comprehensive solution to UK SME businesses."
For further information,
please contact:
Time Finance plc
Ian Smith, Chief Executive
Officer 07768 394162
James Roberts, Chief Financial
Officer 01225 474230
Cenkos Securities plc (NOMAD)
Max Hartley / Ben Jeynes
(Nomad)
Julian Morse (Sales) 0207 397 8900
Walbrook PR 0207 933 8780
Paul Vann 07768 807631
paul.vann@walbrookpr.com
About Time Finance plc
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.
The Group's vehicle finance brokerage in Birkenhead, Merseyside,
which provides used vehicle finance to consumers, will form part of
Time Finance, but will continue to trade as Car Finance 2U.
More information is available on the Company website
www.timefinance.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
CANUNOURRNUURUA
(END) Dow Jones Newswires
December 07, 2020 02:00 ET (07:00 GMT)
Time Finance (LSE:TIME)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Time Finance (LSE:TIME)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024