TIME FINANCE PLC — Capital/Financing Update 2017

May 25, 2017

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 2054G

1PM PLC

25 May 2017

25 May 2017

1pm plc

(the "Group" or the "Company")

Additional loan note issue

LOAN NOTE PROGRAMME: SUCCESSFUL COMPLETION OF SECOND SECURED LOAN NOTE ISSUE

1pm plc (AIM: OPM), the AIM listed independent specialist provider of finance facilities to the SME sector, is pleased to announce the successful issue of £1.23 million three year monthly amortising notes under the Group's £7.5 million secured loan note programme ("SLNP"). The second loan note issue is to raise funds to meet increasing demand for general business loans and property-backed loans from SMEs being originated through the recent establishment of the Loans division and the acquisition of Intelligent Financing Limited, trading as iLoans.

The Group is pleased to note that the second issue under the SLNP was oversubscribed.  The SLNP is arranged and administered by LGB Corporate Finance.

For further information, please contact:
1pm plc
Ian Smith, Chief Executive Officer	01225 474230
James Roberts, Chief Financial Officer	01225 474230
LGB Corporate Finance Angus Grierson, Director	0207 518 9892
Cenkos (NOMAD)
Max Hartley (NOMAD), Julian Morse (Sales)	0207 397 8900
Walbrook PR	0117 985 8989
Paul Vann	07768 807631
	[email protected]

About 1pm:

The Company was admitted to AIM in August 2006.

1pm plc is a group of established independent finance companies focused on providing SMEs with accessible funding to add value to their businesses. All customers must have good credit histories and proven ability to repay their finance commitments.

Mission Statement - 'Helping the UK economy grow by supporting SMEs'

More information is available on the Company website www.1pm.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCSEESIIFWSELI