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Fintel PLC (FNTL)

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Thursday 14 October, 2021

Fintel PLC

Director/PDMR Dealing

RNS Number : 0164P
Fintel PLC
14 October 2021
 

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 information is now considered to be in the public domain.

 

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, has been notified that three trusts whose beneficial owner is Kenneth "Ken" Davy, Non-Executive Interim Chairman, namely "Kenneth Ernest Davy Number 2 (Children's) Settlement 1997", "Jennifer Davy Discretionary Settlement 1997" and "Jennifer Davy Number 2 (Children's) Settlement 1997", have sold 895,422, 895,422 and 895,408 ordinary shares of 1 pence each in the Company ("Ordinary Shares"), respectively, at a price of 220 pence per share.

Ken Davy has informed the Company that he does not intend to dispose of any further interest he has in any Ordinary Shares for a period of six months from today.

Following these sales, Mr. Davy's beneficial interest is 26,137,774 Ordinary Shares, representing approximately 28.60% of the Company's issued share capital.

The notification below, 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

1.  Kenneth Ernest Davy Number 2 (Children's) Settlement 1997

 

2.  Jennifer Davy Discretionary Settlement 1997

 

3.  Jennifer Davy Number 2 (Children's) Settlement 1997

2

Reason for the notification

a)

Position/status

1.  Person closely associated with Person Discharging Managerial Responsibilities (Kenneth Davy, Non-Executive Interim Chairman (PDMR))

2.  Person closely associated with Person Discharging Managerial Responsibilities (Kenneth Davy, Non-Executive Interim Chairman (PDMR))

3.  Person closely associated with Person Discharging Managerial Responsibilities (Kenneth Davy, Non-Executive Interim Chairman (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 pence each

 

 

 

ISIN:  GB00BG1THS43

b)

Nature of the transaction

1.  Sale of Ordinary Shares

2.  Sale of Ordinary Shares

3.  Sale of Ordinary Shares

c)

Price(s) and volume(s)


Price

No. of shares

1.

220 pence

895,422

2.

220 pence

895,422

3.

220 pence

895,408

 

d)

Aggregated information

Price: 220 pence

No of shares: 2,686,252

e)

Date of transaction

1.  13 October 2021

2.  13 October 2021

3.  13 October 2021

f)

Place of transaction

1.  London Stock Exchange, AIM

2.  London Stock Exchange, AIM

3.  London Stock Exchange, AIM

 

For further information please contact:

Fintel

via Instinctif Partners

Matt Timmins (Joint Chief Executive Officer)


Zeus Capital (Nominated Adviser and Joint Broker)

+44 (0) 20 3829 5000

Martin Green

Dan Bate

Pippa Hamnett




Investec Bank (Joint Broker)

+44 (0) 20 7597 5095


Bruce Garrow

David Anderson

Harry Hargreaves




Instinctif Partners (Financial PR)

+44 78 3767 4600 / [email protected]

George Peele

Mark Walter


 

 

 

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