Source - LSE Regulatory
RNS Number : 7834T
Fintel PLC
22 March 2023
 

22 March 2023

 

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, 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 purchased, in aggregate, 190,243 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 purchase

Shares in Fintel purchased

Shares in Fintel held after purchase

% total shares in issue

Matt Timmins 1,2

(Joint CEO)

3,835,000

76,079

3,911,079

3.78%

Neil Stevens

(Joint CEO)

3,800,000

25,000

3,825,000

3.70%

Phil Smith

(Non-Executive Director)

-

81,214

81,214

0.08%

Tim Clarke

(Non-Executive Director)

17,202

7,950

25,152

0.02%

 

1 The acquisition of shares by Matt Timmins includes an aggregate 9,740 shares acquired by close relatives. Further details are provided in the below disclosure tables.

2 Matt Timmins' shareholding in Fintel following the transaction includes an aggregate 11,740 shares held by close relatives.

 

 

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

Purchase of ordinary shares of 1p each

c)

Price(s) and volume(s)

a)    Price(s):     194.0 p
Volume(s)  19,587

b)    Price(s):     194.0 p
Volume(s)  2,938

c)    Price(s):     194.0 p
Volume(s)  43,814

d)

Aggregated information

Price(s):     194.0 p

Volume(s)  66,339

e)

Date of transaction

21 March 2023

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

Purchase of ordinary shares of 1p each

c)

Price(s) and volume(s)

Price(s):     190.7 p

Volume(s)  25,000

d)

Aggregated information

N/a - single transaction

e)

Date of transaction

21 March 2023

f)

Place of transaction

London stock Exchange, AIM

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Phil Smith

2

Reason for the notification

a)

Position/status

Non-Executive Director (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

Purchase of ordinary shares of 1p each

c)

Price(s) and volume(s)

Price(s):     197.0 p

Volume(s)  81,214

d)

Aggregated information

N/a - single transaction

e)

Date of transaction

21 March 2023

f)

Place of transaction

London stock Exchange, AIM

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Tim Clarke

2

Reason for the notification

a)

Position/status

Non-Executive Director (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

Purchase of ordinary shares of 1p each

c)

Price(s) and volume(s)

Price(s):     188.6 p

Volume(s)  7,950

d)

Aggregated information

N/a - single transaction

e)

Date of transaction

21 March 2023

f)

Place of transaction

London stock Exchange, AIM

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

a)    Natalie Timmins

b)    Austin Timmins

c)    Etta Timmins

d)    Savannah Timmins

2

Reason for the notification

a)

Position/status

a)    PDMR Spouse (PCA to Matt Timmins)

b)    PDMR Child (PCA to Matt Timmins)

c)    PDMR Child (PCA to Matt Timmins)

d)    PDMR Child (PCA to Matt Timmins)

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

Purchase of ordinary shares of 1p each

c)

Price(s) and volume(s)

a)    Price(s):     194.0 p
Volume(s)  3,092

b)    Price(s):     194.0 p
Volume(s)  2,164

c)    Price(s):     194.0 p
Volume(s)  1,649

d)    Price(s):     194.0 p
Volume(s)  2,835

d)

Aggregated information

Aggregated dealings for Persons closely associated to Matt Timmins:

Price(s):     194.0 p
Volume(s)  9,740

 

e)

Date of transaction

21 March 2023

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

Harry Hargreaves   

 

+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

 

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