REG - Fintel PLC - Director/PDMR Dealing

FintelAnnouncement

25/10/2024 16:15

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RNS Number : 7434J  Fintel PLC  25 October 2024

25 October 2024

 

Fintel plc

(the "Company" or "Fintel")

Director / PDMR Dealing

 

Fintel plc, the leading independent provider of fintech and support services
to the UK's retail financial services sector, announces that it has been
notified that Ken Davy, a Non-Executive Director of the Company, has
transferred, in aggregate, 5,200,000 ordinary shares in the Company for nil
consideration to 2 family trusts in respect of which he is a trustee, as part
of a financial planning exercise. Details of the individual transactions are
set out in the following table:

 Transferor  Transferee                                                                     Number of shares

 Ken Davy    Ken Davy, Michelle Hare and Irwin Mitchell Trustees Limited (as trustees of    3,100,000
             the Ken Davy 2024 No 4 Trust)

 Ken Davy    Ken Davy, Sarah Turvey and Michelle Hare (as trustees of the Ken Davy 2024 No  2,100,000
             5 Trust)

 

As Ken Davy is a trustee of each of the transferee family trusts, the number
of shares that Ken Davy is interested in remains the same, at 24,731,476
shares representing 23.7 per cent. of the ordinary shares in issue.

The notifications set out below, are provided in accordance with the
requirements of Article 19 of the UK Market Abuse Regulation.

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                                                           Ken Davy
 2   Reason for the notification
 a)  Position/status                                                Non-Executive Director
 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 p each

     Identification Code

                                                                    ISIN:  GB00BG1THS43
 b)  Nature of the transaction                                      Transfer of ordinary shares of 1p each
 c)  Price(s) and volume(s)                                         Price(s):     Nil

Volume(s):  3,100,000

 d)  Aggregated information                                         Price(s):     Nil

                                                                    Volume(s):  3,100,000
 e)  Date of transaction                                            24 October 2024
 f)  Place of transaction                                           Outside of a trading venue

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                           Ken Davy
 2   Reason for the notification
 a)  Position/status                                                Non-Executive Director
 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 p each

     Identification Code

                                                                    ISIN:  GB00BG1THS43
 b)  Nature of the transaction                                      Transfer of ordinary shares of 1p each
 c)  Price(s) and volume(s)                                         Price(s):     Nil

Volume(s):  2,100,000

 d)  Aggregated information                                         Price(s):     Nil

                                                                    Volume(s):  2,100,000
 e)  Date of transaction                                            25 October 2024
 f)  Place of transaction                                           Outside of a trading venue

 

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

 David Anderson

 Kamalini Hull

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

 Reg Hoare                                       Fintel@mhpgroup.com

 Robert Collett-Creedy

Notes to Editors

Fintel is a UK fintech and support services business, combining award-winning
intermediary business support services, and leading research, ratings and
fintech businesses.

Fintel provides technology, compliance and regulatory support to thousands of
intermediary firms, 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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