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
(Joint CEO)
|
3,911,079
|
200,000
|
3,711,079**
|
3.57%
|
|
Neil
Stevens
(Joint CEO)
|
3,825,000
|
300,000
|
3,525,000
|
3.39%
|
** 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
Identification Code
|
Ordinary shares of 1 p
each
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
Identification Code
|
Ordinary shares of 1 p
each
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
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
|
+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