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Fintel PLC (FNTL)

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Thursday 06 May, 2021

Fintel PLC

Launch of SAYE share scheme and PDMR dealing

RNS Number : 7013X
Fintel PLC
06 May 2021
 

Fintel plc

(the "Company" or "Fintel")

Launch of Save As You Earn share scheme
and
 Director / PDMR Dealing

 

Fintel plc (AIM: FNTL) is pleased to announce that it has launched a new issue of its Save As You Earn ("SAYE") share scheme for all its eligible permanent employees.

Eligible employees were invited to subscribe for options over the Company's ordinary shares of 1 pence each ("Ordinary Shares") at an exercise price of 176 pence ("Options"), representing approximately a 20% discount to the closing middle market price of the Ordinary Shares on 7 April 2021, the dealing day before the invitation to participate was made. The Options have a contract start date of 1 July 2021 and the scheme will run for a period of three years.

A total of 119 employees elected to participate, representing approximately 24% of the eligible population and pursuant to these elections a total of 293,362 shares under Option have been granted, equating to 0.30% of the current issued share capital.

Martin Reynolds, PDMR of the Company, has elected to participate in the SAYE scheme and is included in the total figures above. His individual Option pursuant to this issue of the SAYE scheme is over 2,045 Ordinary Shares.

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

Martin Reynolds

2

Reason for the notification

a)

Position/status

Chief Executive Officer, SimplyBiz Mortgages (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 1p each

 

 

 

ISIN:  GB00BG1THS43

b)

Nature of the transaction

Grant of an option to acquire Ordinary Shares at an option exercise price of £1.76 per Ordinary Share made pursuant to Company SAYE share scheme.

c)

Price(s) and volume(s)

Price(s)   176p 

 

Volume(s)  2,045 

d)

Aggregated information

N/a - single transaction

e)

Date of transaction

5 May 2021

f)

Place of transaction

Outside a trading venue

 

 

 

Fintel plc           via Instinctif Partners

Matt Timmins (Joint Chief Executive Officer)

Neil Stevens (Joint Chief Executive Officer)

 

Zeus Capital (Nominated Adviser and Joint Broker)  +44 (0) 20 3829 5000

Martin Green

Dan Bate

Pippa Hamnett 

 

 Liberum (Joint Broker)  +44 (0) 20 3100 2222

Cameron Duncan

James Greenwood

Ed Phillips

 

Instinctif Partners (Financial PR)  +44 (0) 78 3767 4600

Mark Walter  [email protected]

Lewis Hill 

 

 

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