19 July 2022
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 3.5188 cents per share, approved by shareholders at the General Meeting held on 29 June 2022, together with the special dividend of 0.6210 cents per share, were paid to shareholders on 15 July 2022.
Following the return of capital of 3.5188 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 2.00 pence from 15.08 pence to 13.08 pence per share, to take into account the 2022 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) |
| 13.08p | 1,073,863 | ||
| d) | Aggregated information | Aggregated price | Aggregated volume |
| 13.08p | 1,073,863 | ||
| e) | Date of the transaction | 19 July 2022 | |
| 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) |
| 13.08p | 470,659 | ||
| d) | Aggregated information | Aggregated price | Aggregated volume |
| 13.08p | 470,659 | ||
| e) | Date of the transaction | 19 July 2022 | |
| f) | Place of the transaction | Outside a trading venue | |
For further information please contact:
| ThinkSmart Limited | Via Buchanan |
| Ned Montarello | |
| | |
| 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's roots are as a specialist digital payments platform business. Following the sale of its remaining 10% shareholding in Clearpay in January 2022, the Group holds shares in NYSE listed Block, Inc (NYSE: SQ). The Group also provides an outsourced call centre customer service and support service to Clearpay and is managing the wind-down of its leasing business.
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