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Last checked at 
14 Oct 2021 07:00
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 information is now considered to be in the public domain.
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, has been notified that three trusts whose beneficial owner is Kenneth "Ken" Davy, Non-Executive Interim Chairman, namely "Kenneth Ernest Davy Number 2 (Children's) Settlement 1997", "Jennifer Davy Discretionary Settlement 1997" and "Jennifer Davy Number 2 (Children's) Settlement 1997", have sold 895,422, 895,422 and 895,408 ordinary shares of 1 pence each in the Company ("Ordinary Shares"), respectively, at a price of 220 pence per share.
Ken Davy has informed the Company that he does not intend to dispose of any further interest he has in any Ordinary Shares for a period of six months from today.
Following these sales, Mr. Davy's beneficial interest is 26,137,774 Ordinary Shares, representing approximately 28.60% of the Company's issued share capital.
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 | 1. Kenneth Ernest Davy Number 2 (Children's) Settlement 1997
2. Jennifer Davy Discretionary Settlement 1997
3. Jennifer Davy Number 2 (Children's) Settlement 1997 | ||||||||||||
2 | Reason for the notification | |||||||||||||
a) | Position/status | 1. Person closely associated with Person Discharging Managerial Responsibilities (Kenneth Davy, Non-Executive Interim Chairman (PDMR)) 2. Person closely associated with Person Discharging Managerial Responsibilities (Kenneth Davy, Non-Executive Interim Chairman (PDMR)) 3. Person closely associated with Person Discharging Managerial Responsibilities (Kenneth Davy, Non-Executive Interim Chairman (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 pence each
ISIN: GB00BG1THS43 | ||||||||||||
b) | Nature of the transaction | 1. Sale of Ordinary Shares 2. Sale of Ordinary Shares 3. Sale of Ordinary Shares | ||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||
d) | Aggregated information | Price: 220 pence No of shares: 2,686,252 | ||||||||||||
e) | Date of transaction | 1. 13 October 2021 2. 13 October 2021 3. 13 October 2021 | ||||||||||||
f) | Place of transaction | 1. London Stock Exchange, AIM 2. London Stock Exchange, AIM 3. London Stock Exchange, AIM | ||||||||||||
For further information please contact:
Fintel | via Instinctif Partners | |
Matt Timmins (Joint Chief Executive Officer) | ||
Zeus Capital (Nominated Adviser and Joint Broker) | +44 (0) 20 3829 5000 | |
Martin Green Dan Bate Pippa Hamnett | ||
Investec Bank (Joint Broker) | +44 (0) 20 7597 5095 | |
Bruce Garrow David Anderson Harry Hargreaves | ||
Instinctif Partners (Financial PR) | +44 78 3767 4600 / fintel@instinctif.com | |
George Peele Mark Walter | ||
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