Bentley Park to Acquire Time Finance in GBP55 Million Deal

03:10 AM EDT, 08/17/2026 (MT Newswires) -- Time Finance (TIME.L) agreed to a recommended cash takeover by Bentley Park, the parent of Ultimate Finance Group, for 55.1 million pounds sterling. The proposed transaction will be implemented through a court-sanctioned scheme of arrangement, with the London-listed alternative finance provider's shareholders to receive 0.591 pound for each share held, according to a Monday release. The scheme is expected to take effect in the fourth quarter, following approval by scheme shareholders and the court sanction. Bentley Park intends to delist Time Finance on or shortly after the deal becomes effective.