8 Nov 2019 14:57
8 November 2019
1pm plc
(the "Group" or the "Company")
Director/PDMR Shareholding
1pm plc (AIM: OPM), the AIM listed independent specialist provider of finance facilities to the SME sector, announces that Ron Russell, Non-Executive Director, today purchased 68,916 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") at a price of 28.945 pence per Ordinary Share. Furthermore, Ron Russell's wife, Sandra Russell, a person closely associated with Ron Russell ("PCA"), today purchased 68,886 Ordinary Shares at a price of 28.945 pence per Ordinary Share.
Following these purchases, Mr Russell is beneficially interested in 10,977,967 Ordinary Shares representing approximately 12.3 per cent. of the Company's issued share capital.
For further information, please contact:
1pm plc
Ian Smith, Chief Executive Officer 01225 474230
James Roberts, Chief Financial Officer 01225 474230
Cenkos (NOMAD)
Max Hartley (NOMAD), Julian Morse (Sales) 0207 397 8900
Walbrook PR 020 7933 8780
Paul Vann 07768 807631
paul.vann@walbrookpr.com
About 1pm:
1pm'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.1pm.co.uk
The Company makes the following disclosures in accordance with article 19(3) of the Market Abuse Regulation:
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | 1. Ron Russell 2. Sandra Russell | ||||
2 | Reason for the notification | |||||
a) | Position/status | 1. Non-executive Director 2. Wife and PCA with of Ron Russell, Non-executive Director | ||||
b) | Initial notification /Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | 1pm plc | ||||
b) | LEI | 213800VG3QJGBP2MKR86 | ||||
4
| Details of the 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 financial instrument, type of instrument Identification code | Ordinary Shares of 10p each ISIN: GB00BCDBXK43 | ||||
b) | Nature of the transaction | Purchase of Ordinary Shares | ||||
c) | Price(s) and volume(s) |
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d)
| Aggregated information - Aggregated volume - Price |
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e) | Date of the transaction | 8 November 2019 | ||||
f) | Place of the transaction | London Stock Exchange | ||||