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On 4 June 2024, Fintel plc's Joint CEOs Matt Timmins and Neil Stevens sold ordinary shares in the company to meet institutional buying demand. Matt Timmins sold 250,000 shares and Neil Stevens sold 750,000 shares, both at a price of 297.5 pence per share. Following these transactions, Mr. Timmins holds 3,461,079 shares (3.33%) and Mr. Stevens holds 2,775,000 shares (2.67%), with both agreeing not to sell further shares for six months from the sale date.
| Date | 4 Jun 2024 |
| Time | 12:33:17 |
| Category | Director/PDMR dealings |
| ID | 0763R |
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:
|
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