Time Finance plc (LSE:TIME) has announced the vesting of 611,667 share options under its 2022 Unapproved Share Option Scheme, following the achievement of profit-based performance targets. The options, held by key executives including CEO Ed Rimmer, can be exercised at no cost prior to their 2028 expiry. The company intends to satisfy these options using existing shares from its Employee Benefit Trust.
Time Finance’s outlook remains positive, underpinned by strong financial performance and supportive technical indicators. Strategic corporate events further bolster confidence, though improvements in cash flow management are needed.
About Time Finance plc
Time Finance is a specialist finance provider offering flexible funding solutions to UK businesses, primarily serving SMEs. Its products include Asset Finance and Invoice Finance, with operations as an ‘own-book’ lender while also brokering deals to optimize business levels.
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