1pm is an asset finance company lending to small UK businesses for essential business assets. Advances range from £1,000 to £50,000 and are normally written over a three year term on a Finance Lease. The company's main route to market is via finance brokers who pass business to 1pm in return for a commission.

New Funding Line

RNS


RNS Number : 0047L

1PM PLC

06 August 2013


(AIM: OPM)



New £1.5million Block Discounting Facility





1pm plc ("1pm" or "the Company"), the AIM listed specialist independent provider of lease asset finance to the SME sector, is pleased to announce that it has negotiated a new Block Discounting Facility totalling £1.5million. This additional funding will be used exclusively for the purpose of writing new business.



The loan terms are consistent with those of other funders to the Group.



The Group also announces that it has received a further £270,000 from its quarterly loan programme with Lesmoir-Gordon, Boyle & Co. Limited, set up in March 2013. This is the second quarterly tranche, making aggregate loans to date of £0.59million.



Maria Hampton, CEO of 1pm, commented:



"The new block discounting facility will give the Group additional capacity to further its growth and to satisfy the continuing demand for finance from the SME sector. It also demonstrates the growing reputation the Group enjoys within the marketplace as an independent, flexible provider of lease asset finance."

AGM Statement

RNS


RNS Number : 8303L

1PM PLC

16 August 2013












16 August 2013

1pm plc

("1pm" or "the Company")



AGM Statement

"A Positive start to the New Financial Year"



1pm plc (AIM: OPM), the AIM listed specialist independent provider of asset finance facilities to the SME sector, will hold its AGM in Bath at 10.00am today. At the AGM, Chief Executive, Maria Hampton will make the following statement to shareholders:



"The results for the year ended 31 May 2013 demonstrated another excellent year of organic growth with new business written, profits before tax and earnings per share all achieving record levels.



"Taking into account the strong finish to the last financial year, I am particularly pleased to report that in the first two months of the current year your Company has again made a very positive start. New business written since the year-end has contributed to an increase in the Company's lease portfolio of more than 5 per cent, which stood at £15.6m as at 31st July 2012 (31 May 2013: £14.8m). The Company's continued profitability on a monthly basis is also enabling it to re-invest surplus cash generated from day to day trading back into the business, further expanding the lease portfolio. Since the year-end, further substantial capital has been raised for the business by way of a new Block Discounting facility of £1.5m and a £1.5m Placing of new Ordinary shares, subscribed by Henderson Global Investors, a leading institutional investor.



Notwithstanding the challenging economic environment prevailing in the UK, 1pm is continuing to grow. We believe that with the continuing strong demand from the SME sector and our growing reputation both within the asset finance industry and amongst our UK wide customer base, we can view the current financial year with considerable confidence."

1pm capital reorganisation approved

StockMarketWire.com
Hence the 14000 % rise today -
1pm shareholders have approved the company's capital reorganisation with every existing ordinary share consolidated into new ordinary shares.

This is on the basis of 0.006818 new ordinary shares for each 1 existing ordinary share. The capital reorganisation will become effective from the close of business today (16 August).

At 2:48pm: (LON:OPM) share price was +0.02p at 0.3p

New Funding Facility & Trading Update

RNS


RNS Number : 9062M

1PM PLC

02 September 2013








2 September 2013



1PM PLC

(AIM: OPM)



New £1million Block Discounting Facility and

Trading Update





1pm plc ("1pm" or "the Company"), the AIM listed specialist independent provider of lease asset finance to the SME sector, is pleased to announce that it has negotiated an additional new Block Discounting Facility totalling £1million. This additional funding will be used exclusively for the purpose of writing new business.



The loan terms are consistent with those of other funders to the Company.



In addition, the Board is pleased to report that trading during the first quarter of the financial year has been very encouraging, with sales achieved in each month surpassing expectations.





Maria Hampton, CEO of 1pm, commented:



"We are very pleased to have been granted this new facility. This brings the total amount of new funding raised since 31st May 2013 to just under £4.3m, which is more than the Company raised during the whole of the last financial year (FY13: £4.14m).



"The new block discounting facility will enable us to continue to meet the increasing demand in new business volumes.



"We are also encouraged by the trading volumes during the first quarter and would like to take this opportunity to thank the staff for their continued hard work and dedication."

Director/PDMR Shareholding

RNS


RNS Number : 8393N

1PM PLC

12 September 2013








12 September 2013









1PM PLC

(AIM: OPM)



Director/ PDMR Shareholding





1pm plc ("1pm" or "the Company"), the AIM listed specialist independent provider of finance to the SME sector, announces that on 11 September 2013 Ron Russell, Non-Executive Chairman, purchased 120,000 ordinary shares of 10 pence each in the Company ("Ordinary Shares") at a price of 41 pence each. Following this transaction Ron Russell holds 6,877,302 Ordinary Shares representing approximately 22.94 per cent. of the total Ordinary Shares in issue.

Trading Statement

RNS


RNS Number : 2064V

1PM PLC

11 December 2013








11 December 2013

1pm plc



("1pm", the "Group" or the "Company")



Pre-close trading update



1pm (AIM: OPM), the AIM listed specialist independent provider of finance facilities to the SME sector, is pleased to announce the following trading update ahead of the publication of its Interim results for the six months ended 30 November 2013, which are scheduled to be released during the week commencing 20 January 2014.



The Board expects to report significant revenue and profits growth for the first six months of the current financial year compared to the corresponding period last year.



The Group has continued to enjoy strong demand and has written over £5m of new business during the first six months of the current trading year, a 28 per cent. increase compared with the first six months of last year (H1 2013: £3.9m).The Group also experienced record new business of over £1m written during the month of October 2013.



As at 30 November 2013 the loan portfolio stood at £17.7m (H1 2013: £13.2m), an increase of over 34 per cent. since November last year and a 20 per cent. increase since the year-end in May (FY13: £14.8m).





Maria Hampton, CEO of 1pm, commented:



"The Board is delighted with the progress made in the year-to-date and is confident about the prospects for the second half and the outcome for the year as a whole".

Movement at last. +13%

1PM: WH Ireland reinstates its buy recommendation with a new target price of 48p.

1pm PLC (OPM:LSE) set a new 52-week high during Wednesday's trading session when it reached 51.00. Over this period, the share price is up 275.91%.

Going very well, long may it continue.

Up 8%

up 6% today

results on 20th of january

Up over 10.5% today

Another 8%

:-))

Back to near highs

Closed up 8%

Additional ?2.5million Block Funding

RNS


RNS Number : 3840E

1PM PLC

09 April 2014
















9 April 2014

1PM PLC

(AIM: OPM)



Additional Block Discounting Facilities totalling £2.5m



1pm plc ("1pm" or "the Company"), the AIM listed specialist independent provider of finance facilities to the SME sector, is pleased to announce that it has negotiated additional Block Discounting Facilities totalling £2,500,000 comprising a new £2,000,000 facility and an increase of £500,000 to an existing facility. This additional funding will be used exclusively for the purpose of writing new business.



The loan terms are consistent with those of other funders to the Company.



The Board is also pleased to report that trading during the first quarter of calendar 2014 has been very positive. Furthermore due to the success of the recently introduced business loan product, the amount available for individual loans is to be increased from £15,000 to £25,000.



Maria Hampton, CEO, commented:



"The additional Block Discounting facilities will contribute significantly towards the Company's continued expansion and we very much appreciate the support that our funding panel is providing. The total amount of new funding raised since 31st May 2013 now stands at £7.3m."



"The funding will allow us to satisfy the continuing strong demand for finance from the SME sector"



Ian Smith, Chairman, commented:



"Against a backdrop of continued strong trading we are delighted to be announcing both new and increased funding facilities which are testament to the quality of the business being underwritten, the strong results being consistently delivered by the Company and its growing reputation within the market place. These additional facilities are a further enabling step towards the Company achieving its growth ambitions whilst continuing to focus on its core strength of providing much needed finance to SMEs."