RNS Number : 1935S
Orchard Funding Group PLC
08 March 2023
 

8 March 2023

 

Orchard Funding Group PLC

 

Director Shareholding

 

Orchard Funding Group PLC ("Orchard", the "Group" or "Company"), the finance group which specialises in insurance premium finance and the professions funding market, confirms that on 1st March 2023 Ravi Takhar, the Company's chief executive officer, acquired 114,041 ordinary shares in the capital of the Company ("Ordinary Shares"), previously held by an independently managed trust of which he is a beneficiary (the "Trust").

 

Following the transfer, Ravi is holding 11,572,374 Ordinary Shares in the Company representing 54.19% per cent of the Company's voting share capital.

 

For further information, please contact:

 

Orchard Funding Group PLC                                                   +44 (0)1582 346 248

 

Ravi Takhar, Chief Executive Officer

 

Liberum (Nomad and Broker)                                                   +44 (0)20 3100 2222

 

Lauren Kettle

 

For Investor Relations please go to: www.orchardfundinggroupplc.com 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

Ravi Takhar

2

Reason for the notification

a)

 

Position/status

CEO

b)

 

Initial notification/Amendment

Initial

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

 

Name

Orchard Funding Group plc

b)

LEI

213800U4K2POJCSQYR97

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

Ordinary shares of 1 penny each



Identification code

GB00BYZFM569



b)

 

Nature of the transaction

 

 

Acquisition

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




45p

114,041







d)

 

Aggregated information




- Aggregated volume

N/A



- Price




e)

 

Date of the transaction

 

 

1 March 2023

f)

Place of the transaction

Off-market transaction

 

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