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

 

 

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

 

 

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