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
Identification Code
|
Ordinary shares of 1 pence
each
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
Identification Code
|
Ordinary shares of 1 pence
each
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
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
Harry
Hargreaves
|
+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