REG - Fintel PLC - Director/PDMR Shareholding

FintelAnnouncement

04/06/2024 12:45

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RNS Number : 0763R  Fintel PLC  04 June 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 information is now considered to be in the public domain.

 

Fintel plc

(the "Company" or "Fintel")

 

Director / PDMR Dealings

 

Fintel (AIM: FNTL), a leading provider of fintech and support services to the
UK retail financial services sector, has been notified that on 4 June 2024
(the "Sale Date") the Directors of the Company named in the table below have
sold the number of ordinary shares of 1 pence each in the Company ("Shares")
set out next to their names at a price of 297.5 pence per Share, to meet
institutional buying demand in the market.

 Name          Title      Number of Shares sold  Resulting number of Shares held  % of issued share capital
 Matt Timmins  Joint CEO  250,000                3,461,079                        3.33%
 Neil Stevens  Joint CEO  750,000                2,775,000                        2.67%

Mr Timmins and Mr Stevens have both agreed not sell any further Shares for a
period of 6 months from the Sale Date.

The notification below, 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 CEO (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  Ordinary shares of 1 pence each

     Identification Code

                                                                  ISIN:  GB00BG1THS43
 b)  Nature of the transaction                                    Sale of ordinary shares
 c)  Price(s) and volume(s)                                       Price: 297.5 pence

                                                                  No. of shares: 250,000
 d)  Aggregated information                                       n/a - single transaction
 e)  Date of transaction                                          4 June 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 CEO (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  Ordinary shares of 1 pence each

     Identification Code

                                                                  ISIN:  GB00BG1THS43
 b)  Nature of the transaction                                    Sale of ordinary shares
 c)  Price(s) and volume(s)                                       Price: 297.5 pence

                                                                  No. of shares: 750,000
 d)  Aggregated information                                       n/a - single transaction
 e)  Date of transaction                                          4 June 2024
 f)  Place of transaction                                         London Stock Exchange, AIM

 

For further information, please contact:

 

 Fintel plc                                     via MHP Group

 Matt Timmins (Joint Chief Executive Officer)

 Neil Stevens (Joint Chief Executive Officer)

 David Thompson (Chief Financial Officer)

 Zeus (Nominated Adviser and Joint Broker)      +44 (0) 20 3829 5000

 Martin Green

 Dan Bate

 Investec Bank (Joint Broker)                   +44 (0) 20 7597 5970

 Bruce Garrow

 David Anderson

 Harry Hargreaves

 MHP Group (Financial PR)                       +44 (0) 20 3128 8147

 Reg Hoare                                      Fintel@mhpgroup.com (mailto:Fintel@mhpgroup.com)

 Robert Collett-Creedy

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 (http://www.wearefintel.com/)

 

 

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