10 December 2021
ThinkSmart Limited
("ThinkSmart" or the "Company" which together with its subsidiaries is the "Group")
Shareholder Return
ThinkSmart Limited (AIM: TSL), a specialist digital payments platform business, is pleased to confirm that the return of capital of 4.4618 cents per share, approved by shareholders at the 2021 AGM, together with the special dividend of 0.7874 cents per share, were yesterday paid to shareholders.
Following yesterday's return of capital of 4.4618 cents per share, the ThinkSmart Remuneration and Nomination Committee has made an adjustment to outstanding LTIP Awards granted in December 2016 in accordance with the ThinkSmart Long Term Incentive Plan 2016 (the LTIP). The adjustment will reduce the exercise price of the LTIP by 2.37 pence from 17.45 pence to 15.08 pence per share, to take into account the 2021 capital return made to shareholders. Of the outstanding 1,679,532 share option awards granted in December 2016 in accordance with the LTIP, 1,073,863 were granted to Ned Montarello and 470,659 were granted to Gary Halton.
| PDMR DEALING NOTIFICATION | |||
| 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 | Ned Montarello | |
| 2 | Reason for the notification | ||
| a) | Position / status | Executive Chairman | |
| b) | Initial notification / Amendment | Initial Notification | |
| 3 | Details of issuer | ||
| a) | Name | ThinkSmart Limited | |
| b) | LEI | 213800ZBZQVXHDZHET73 | |
| 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 | Options over Ordinary shares | |
| Identification code | AU000XINEAE8 | ||
| b) | Nature of the transaction | Adjustment in accordance with the LTIP Rules to an Award of Options under ThinkSmart Limited's Long Term Incentive Plan
| |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 15.08p | 1,073,863 | ||
| d) | Aggregated information | Aggregated price | Aggregated volume |
| 15.08p | 1,073,863 | ||
| e) | Date of the transaction | 8 December 2021 | |
| f) | Place of the transaction | Outside a trading venue | |
| PDMR DEALING NOTIFICATION | |||
| 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 | Gary Halton | |
| 2 | Reason for the notification | ||
| a) | Position / status | Executive Director | |
| b) | Initial notification / Amendment | Initial Notification | |
| 3 | Details of issuer | ||
| a) | Name | ThinkSmart Limited | |
| b) | LEI | 213800ZBZQVXHDZHET73 | |
| 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 | Options over Ordinary shares | |
| Identification code | AU000XINEAE8 | ||
| b) | Nature of the transaction | Adjustment in accordance with the LTIP Rules to an Award of Options under ThinkSmart Limited's Long Term Incentive Plan
| |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 15.08p | 470,659 | ||
| d) | Aggregated information | Aggregated price | Aggregated volume |
| 15.08p | 470,659 | ||
| e) | Date of the transaction | 8 December 2021 | |
| f) | Place of the transaction | Outside a trading venue | |
For further information please contact:
| ThinkSmart Limited | Via Buchanan |
| Ned Montarello |
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| Canaccord Genuity Ltd (Nominated Adviser and Broker) Sunil Duggal Andrew Potts Tom Diehl
| +44 (0)20 7523 8350
|
| Buchanan Giles Stewart Chris Lane Toto Berger
| +44 20 7466 5000 |
Notes to Editors
About ThinkSmart Limited
ThinkSmart is a specialist digital payments platform business. It offers investors unique exposure to the UK 'Buy Now Pay Later' payments sector undergoing exponential growth, driven by ongoing digital transformation of consumer shopping habits and financial services.
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