FNTL.L

Fintel plc
Fintel PLC - Directors / PDMR Dealings
13th May 2024, 15:32
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RNS Number : 2324O
Fintel PLC
13 May 2024
 

13 May 2024

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR. Upon the publication of this announcement via the Regulatory Information Service, this inside

Fintel plc

(the "Company" or "Fintel")

Directors / PDMR Dealings

 

Fintel (AIM: FNTL), the leading provider of fintech and support services to the UK retail financial services sector, is pleased to announce that it has been notified that certain directors of the Company (the "Directors") and persons closely associated to the Directors, have sold, in aggregate, 500,000 ordinary shares in the Company as listed below.

Following this transaction, the Directors have a resulting interest in the ordinary shares of the Company as listed below.

 

Name

Shares in Fintel before sale

Shares in Fintel sold

Shares in Fintel held after sale

% total shares in issue

Matt Timmins

(Joint CEO)

3,911,079

200,000

3,711,079**

3.57%

Neil Stevens

(Joint CEO)

3,825,000

300,000

3,525,000

3.39%

** Includes shares held by Austin Timmins, a person closely associated to Matt Timmins

 

The notifications below, are made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Matt Timmins

2

Reason for the notification

a)

Position/status

Joint Chief Executive Officer (PDMR)

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Fintel plc

b)

LEI

213800DXP1VY21GCTH04

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 

Identification Code

Ordinary shares of 1 p each

 

ISIN:  GB00BG1THS43

b)

Nature of the transaction

Sale of ordinary shares of 1p each

c)

Price(s) and volume(s)

Price(s):     304.5 p
Volume(s)  200,000

d)

Aggregated information

N/a - single transaction

e)

Date of transaction

13 May 2024

f)

Place of transaction

London stock Exchange, AIM

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Neil Stevens

2

Reason for the notification

a)

Position/status

Joint Chief Executive Officer (PDMR)

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Fintel plc

b)

LEI

213800DXP1VY21GCTH04

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 

Identification Code

Ordinary shares of 1 p each

 

ISIN:  GB00BG1THS43

b)

Nature of the transaction

Sale of ordinary shares of 1p each

c)

Price(s) and volume(s)

Price(s):     304.5 p
Volume(s)  300,000

d)

Aggregated information

N/a - single transaction

e)

Date of transaction

13 May 2024

f)

Place of transaction

London stock Exchange, AIM

 

 

For further information please contact:

Fintel plc

Matt Timmins (Joint Chief Executive Officer)

Neil Stevens (Joint Chief Executive Officer)

David Thompson (Chief Financial Officer)

 

via MHP Group

Zeus (Nominated Adviser and Joint Broker)

Martin Green

Dan Bate

 

+44 (0) 20 3829 5000

Investec Bank (Joint Broker)

Bruce Garrow

David Anderson

 

+44 (0) 20 7597 5970

MHP Group (Financial PR)

Reg Hoare

Robert Collett-Creedy

 

+44 (0) 20 3128 8147

Fintel@mhpgroup.com

 

Notes to Editors

 

Fintel is the UK's leading fintech and support services business, combining the largest provider of intermediary business support, SimplyBiz, and the leading research, ratings and Fintech business, Defaqto.

 

Fintel provides technology, compliance and regulatory support to thousands of intermediary businesses, data and targeted distribution services to hundreds of product providers and empowers millions of consumers to make better informed financial decisions. We serve our customers through three core divisions:

 

The Intermediary Services division provides technology, compliance, and regulatory support to thousands of intermediary businesses through a comprehensive membership model. Members include directly authorised IFAs, Wealth Managers and Mortgage Brokers.

 

The Distribution Channels division delivers market Insight and analysis and targeted distribution strategies to financial institutions and product providers. Clients include major Life and Pension companies, Investment Houses, Banks, and Building Societies.

 

The Fintech and Research division (Defaqto) provides market leading software, financial information and product research to product providers and intermediaries. Defaqto also provides product ratings (Star Ratings) on thousands of financial products. Financial products are expertly reviewed by the Defaqto research team and are compared and rated based on their underlying features and benefits. Defaqto ratings help consumers compare and buy financial products with confidence.

 

For more information about Fintel, please visit the website: www.wearefintel.com

 

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