REG - Fintel PLC - Directors / PDMR Dealings

FintelAnnouncement

13/05/2024 16:45

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RNS Number : 2324O  Fintel PLC  13 May 2024

13 May 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

Fintel plc

(the "Company" or "Fintel")

Directors / PDMR Dealings

 

Fintel (AIM: FNTL), the leading provider of fintech and support services to
the UK retail financial services sector, is pleased to announce that it has
been notified that certain directors of the Company (the "Directors") and
persons closely associated to the Directors, have sold, in aggregate, 500,000
ordinary shares in the Company as listed below.

Following this transaction, the Directors have a resulting interest in the
ordinary shares of the Company as listed below.

 

 Name          Shares in Fintel before sale  Shares in Fintel sold  Shares in Fintel held after sale  % total shares in issue
 Matt Timmins  3,911,079                     200,000                3,711,079**                       3.57%

 (Joint CEO)
 Neil Stevens  3,825,000                     300,000                3,525,000                         3.39%

 (Joint CEO)

** Includes shares held by Austin Timmins, a person closely associated to Matt
Timmins

 

The notifications below, are 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 Chief Executive Officer (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 p each

     Identification Code

                                                                    ISIN:  GB00BG1THS43
 b)  Nature of the transaction                                      Sale of ordinary shares of 1p each
 c)  Price(s) and volume(s)                                         Price(s):     304.5 p

Volume(s)  200,000
 d)  Aggregated information                                         N/a - single transaction
 e)  Date of transaction                                            13 May 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 Chief Executive Officer (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 p each

     Identification Code

                                                                    ISIN:  GB00BG1THS43
 b)  Nature of the transaction                                      Sale of ordinary shares of 1p each
 c)  Price(s) and volume(s)                                         Price(s):     304.5 p

Volume(s)  300,000
 d)  Aggregated information                                         N/a - single transaction
 e)  Date of transaction                                            13 May 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

 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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