Business
Vesting of Share Options
Vesting of Share Options.
About this update from Time Finance Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6968N\n Time Finance PLC\n 01 October 2021\n \n \n \n \n 1 October 2021\n \n \n \n \n \n \n \n \n Time Finance plc \n \n \n (\"Time Finance\", the \"Group\" or the \"Company\")\n \n \n \n \n \n Unapproved Share Option Scheme - Vesting of Awards \n \n \n \n \n \n Director/PDMR Shareholding \n \n \n \n \n \n Time Finance plc, the AIM listed independent specialist finance provider, announces that following the achievement of time-based criteria in relation to the Company's Unapproved Share Option Scheme (the \"Scheme\"), a total of 305,500 previously awarded nil cost options over ordinary shares of 10 pence each in the capital of the Company have today vested (the \"Vested Options\"). \n \n \n \n \n \n The terms of the Scheme were previously announced by the Group on 29 October 2020 and it is intended that existing ordinary shares held by the Company's Employee Benefit Trust be utilised to meet any future exercise of these Vested Options and of any further vesting associated with the Scheme that may arise in the future.\n \n \n \n \n \n The Vested Options are all held by the below Directors/PDMRs of the Company and may be exercised at any time prior to an expiry date of 30 September 2022 being 12 months from today's vesting date. \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Position\n \n \n \n \n Number of Vested Options\n \n \n \n \n \n \n James Roberts\n \n \n \n \n CFO\n \n \n \n \n 123,500\n \n \n \n \n \n \n Jennifer Bodey\n \n \n \n \n PDMR\n \n \n \n \n 31,000\n \n \n \n \n \n \n Lorraine Neyland\n \n \n \n \n PDMR\n \n \n \n \n 31,000\n \n \n \n \n \n \n Holly Mapstone\n \n \n \n \n PDMR\n \n \n \n \n 24,000\n \n \n \n \n \n \n Alun Winter\n \n \n \n \n PDMR\n \n \n \n \n 24,000\n \n \n \n \n \n \n Phil Chesham\n \n \n \n \n PDMR\n \n \n \n \n 24,000\n \n \n \n \n \n \n Tansy Cunningham\n \n \n \n \n PDMR\n \n \n \n \n 24,000\n \n \n \n \n \n \n David Jones\n \n \n \n \n PDMR\n \n \n \n \n 24,000\n \n \n \n \n \n \n \n \n A further 611,000 share options previously granted under the Scheme remain unvested due to the time-based element of their criteria. Subject to continued employment this would see half of the remaining figure vest in October 2022 and the final half in October 2023 proportionate to the allocation of those that have vest...