Time Finance PLC Permanent CEO Appointment & Investor Presentation (4600B)
10 Junio 2021 - 01:00AM
UK Regulatory
TIDMTIME
RNS Number : 4600B
Time Finance PLC
10 June 2021
10 June 2021
Time Finance plc
("Time Finance", the "Group" or the "Company")
ED RIMMER APPOINTED PERMANENT CEO
and
NOTICE OF INVESTOR PRESENTATION
Time Finance plc, the AIM listed independent specialist finance
provider is delighted to announce that Ed Rimmer has been confirmed
as permanent Group CEO with effect from 1 June 2021.
Having previously been COO of the Company, Mr Rimmer was
reappointed as Interim Group CEO three months ago. He is a widely
experienced senior executive with a strong commercial, financial
and operational track record in financial services for over 25
years. He was previously UK CEO of Bibby Financial services,
rapidly building the business and doubling its profits to become
the largest independent operator in the invoice finance market.
John Newman, Chairman commented:
"We are delighted to have secured Ed's talents on a permanent
basis. He is a well-respected and proven Chief Executive with an
exceptional record and was a natural choice for the Group. Not only
does he bring enormous depth of experience of the wider FS market
from his time with Bibby, but he also has an in-depth understanding
and grasp of the Group from his time as its COO. We are excited
about the vision and leadership that he will bring to the business
and for the future of the Group".
Ed Rimmer, CEO, added:
"Time Finance is a strong business operating in a sector that
has played a critical role helping small businesses across the UK
through the disruption of Covid-19. The Group has the opportunity
for further development of its position as a credible alternative
to the high street banks as a multi-product independent SME funder
helping businesses to grow post COVID. I believe it is very well
placed to take advantage of a number of opportunities that should
arise over the coming months and beyond and I look forward to
leading the business through the next stage of its journey,
delivering increasing returns for all of the Group's
stakeholders."
Notice of Investor Presentation
As previously announced, the Company intends to provide a
Trading and Strategic update on Wednesday 16 June 2021. Ed Rimmer,
CEO, and James Roberts, CFO, will also provide a live presentation
relating to the update via the Investor Meet Company ("IMC")
platform at 1pm on 16 June 2021. The online presentation is open to
all existing and potential shareholders and questions can be
submitted pre-event via the IMC dashboard up until 9am the day
before the meeting or at any time during the live presentation.
Whilst the Company may not be in a position to answer every
question it receives, it will address the most prominent within the
confines of information already disclosed to the market. Responses
to questions from the live presentation will be published at the
earliest opportunity on the IMC platform.
Investors can sign up to IMC for free and add to meet Time
Finance plc via:
https://www.investormeetcompany.com/time-finance-plc/register-investor
Investors who already follow the Company on the IMC platform
will automatically be invited.
For further information,
please contact:
Time Finance plc
Ed Rimmer, Chief Executive
Officer 01225 474230
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 / Nicholas Johnson 07768 807631
paul.vann@walbrookpr.com
About Time Finance:
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.
More information is available on the Company website
www.timefinance.com
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END
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June 10, 2021 02:00 ET (06:00 GMT)
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