8 November 2022
ThinkSmart Limited
("ThinkSmart" or the "Company" and together with its subsidiaries the "Group")
Exercise of Options, Issue of Ordinary Shares, Total Voting Rights and Director/PDMR Shareholding Notification
ThinkSmart (AIM: TSL) announces that following the exercise of awards granted under the ThinkSmart Long Term Incentive Plan 2016 the Company has issued 500,000 ordinary shares of no par value each in the Company ("Ordinary Shares") under the Company's block listing facility. These have all been issued to Ned Montarello, Executive Chairman of ThinkSmart, who exercised awards at £0.1308 per share. Following the above, Mr Montarello, and entities he is related to, now hold 31,842,286 shares representing 29.57% of the issued share capital.
Total Voting Rights
The Company advises that, following the issue of the 500,000 new ordinary shares, the Company's issued share capital will be 107,693,483 Ordinary Shares. The Company holds no shares in Treasury. Therefore, the total number of voting rights in the Group will be 107,693,483.
This gure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the Group under the Disclosure Guidance and Transparency Rules of the FCA.
| 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 | Ordinary shares of NPV each in the Company
| |
| Identification code | AU000XINEAE8 | ||
| b) | Nature of the transaction | Exercise of 500,000 awards at £0.1308 under the ThinkSmart Limited Long Term Incentive Plan. | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £0.1308 | 500,000 | ||
| d) | Aggregated information | Aggregated price | Aggregated volume |
| N/A (single transaction) | N/A (single transaction) | ||
| e) | Date of the transaction | 7 November 2022 | |
| f) | Place of the transaction | Outside a trading venue | |
For further information please contact:
| ThinkSmart Limited | Via Buchanan |
| | |
| | |
| Canaccord Genuity Limited (Nominated Adviser and Joint Broker) | +44 (0)20 7523 8350 |
| Emma Gabriel | |
| Andrew Potts | |
| Tom Diehl | |
| | |
| Buchanan | +44 (0)20 7466 5000 |
| Giles Stewart | |
| Chris Lane | |
| Toto Berger | |
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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