13 May 2024
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
Fintel plc
(the "Company" or "Fintel")
Directors / PDMR Dealings
Fintel (AIM: FNTL), the leading provider of fintech and support services to the UK retail financial services sector, is pleased to announce that it has been notified that certain directors of the Company (the "Directors") and persons closely associated to the Directors, have sold, in aggregate, 500,000 ordinary shares in the Company as listed below.
Following this transaction, the Directors have a resulting interest in the ordinary shares of the Company as listed below.
| Name | Shares in Fintel before sale | Shares in Fintel sold | Shares in Fintel held after sale | % total shares in issue |
| Matt Timmins (Joint CEO) | 3,911,079 | 200,000 | 3,711,079** | 3.57% |
| Neil Stevens (Joint CEO) | 3,825,000 | 300,000 | 3,525,000 | 3.39% |
** Includes shares held by Austin Timmins, a person closely associated to Matt Timmins
The notifications below, are 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 | Matt Timmins |
| 2 | Reason for the notification | |
| a) | Position/status | Joint Chief Executive Officer (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 p each
ISIN: GB00BG1THS43 |
| b) | Nature of the transaction | Sale of ordinary shares of 1p each |
| c) | Price(s) and volume(s) | Price(s): 304.5 p |
| d) | Aggregated information | N/a - single transaction |
| e) | Date of transaction | 13 May 2024 |
| f) | Place of transaction | London stock Exchange, AIM |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Neil Stevens |
| 2 | Reason for the notification | |
| a) | Position/status | Joint Chief Executive Officer (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 p each
ISIN: GB00BG1THS43 |
| b) | Nature of the transaction | Sale of ordinary shares of 1p each |
| c) | Price(s) and volume(s) | Price(s): 304.5 p |
| d) | Aggregated information | N/a - single transaction |
| e) | Date of transaction | 13 May 2024 |
| f) | Place of transaction | London stock Exchange, AIM |
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) Bruce Garrow David Anderson
| +44 (0) 20 7597 5970 |
| MHP Group (Financial PR) Reg Hoare Robert Collett-Creedy
| +44 (0) 20 3128 8147 |
Notes to Editors
Fintel is the UK's leading fintech and support services business, combining the largest provider of intermediary business support, SimplyBiz, and the leading research, ratings and Fintech business, Defaqto.
Fintel provides technology, compliance and regulatory support to thousands of intermediary businesses, 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
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