23
October 2024
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, announces that
it has been notified that Ken Davy, a Non-Executive Director of the
Company, has transferred, in aggregate, 9,300,000 ordinary shares
in the Company for nil consideration to 3 family trusts in respect
of which he is a trustee, as part of a financial planning exercise.
Details of the individual transactions are set out in the following
table:
|
Transferor
|
Transferee
|
Number of shares
|
|
Ken Davy
|
Ken Davy, Karen Commons and Irwin
Mitchell Trustees Limited (as trustees of the Ken Davy 2024 No 1
Trust)
|
3,100,000
|
|
Ken Davy
|
Ken Davy, Catherine Simmonds and
Irwin Mitchell Trustees Limited (as trustees of the Ken Davy 2024
No 2 Trust)
|
3,100,000
|
|
Ken Davy
|
Ken Davy, Sarah Turvey and Irwin
Mitchell Trustees Limited (as trustees of the Ken Davy 2024 No 3
Trust)
|
3,100,000
|
As Ken Davy is a trustee of each of
the transferee family trusts, the number of shares that Ken Davy is
interested in remains the same, at 24,731,476 shares representing
23.7 per cent. of the ordinary shares in issue.
The notifications set out below, are
provided in accordance with the requirements of Article 19 of the
UK Market Abuse Regulation.
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
|
Ken Davy
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Non-Executive Director
|
|
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
|
Transfer of ordinary shares of 1p
each
|
|
c)
|
Price(s) and volume(s)
|
Price(s): Nil
Volume(s): 3,100,000
|
|
d)
|
Aggregated information
|
Price(s):
Nil
Volume(s):
3,100,000
|
|
e)
|
Date of transaction
|
21 October 2024
|
|
f)
|
Place of transaction
|
Outside of a trading
venue
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
Ken Davy
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Non-Executive Director
|
|
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
|
Transfer of ordinary shares of 1p
each
|
|
c)
|
Price(s) and volume(s)
|
Price(s): Nil
Volume(s): 3,100,000
|
|
d)
|
Aggregated information
|
Price(s):
Nil
Volume(s):
3,100,000
|
|
e)
|
Date of transaction
|
22 October 2024
|
|
f)
|
Place of transaction
|
Outside of a trading
venue
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
Ken Davy
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Non-Executive Director
|
|
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
|
Transfer of ordinary shares of 1p
each
|
|
c)
|
Price(s) and volume(s)
|
Price(s): Nil
Volume(s): 3,100,000
|
|
d)
|
Aggregated information
|
Price(s):
Nil
Volume(s):
3,100,000
|
|
e)
|
Date of transaction
|
23 October 2024
|
|
f)
|
Place of transaction
|
Outside of a trading
venue
|
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)
David Anderson
Kamalini Hull
|
+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 a UK fintech and support services
business, combining award-winning intermediary business support
services, and leading research, ratings and fintech
businesses.
Fintel provides technology, compliance and
regulatory support to thousands of intermediary firms, 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