TIDMOPM

RNS Number : 1819F

1PM PLC

15 May 2017

1pm plc

(the "Group" or the "Company")

Statement re. press speculation

The Company notes the recent press speculation and confirms that it is in the advanced stages of conducting a fundraising in the region of GBP10 million in order to accelerate organic growth and to fund potential acquisitions in the invoice finance sector. The Directors intend to offer an additional material element of any such fundraising to existing shareholders of the Company, on a pre-emptive basis, through an open offer on the same terms.

A further announcement on the potential fundraising will be made in due course.

This announcement contains inside information.

15 May 2017

 
 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                               0117 985 8989 
 Paul Vann                                  07768 807631 
                                paul.vann@walbrookpr.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

May 15, 2017 11:00 ET (15:00 GMT)

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