TIDMFNTL

RNS Number : 0164P

Fintel PLC

14 October 2021

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      Ordinary shares of 1 pence each 
       instrument, type of instrument 
 
 
                                         ISIN: GB00BG1THS43 
       Identification Code 
     ================================  ================================================ 
 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)                  Price       No. of shares 
                                          1.   220 pence   895,422 
                                              ----------  -------------- 
                                          2.   220 pence   895,422 
                                              ----------  -------------- 
                                          3.   220 pence   895,408 
                                              ----------  -------------- 
     ================================  ================================================ 
 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         +44 78 3767 4600 / fintel@instinctif.com 
  PR) 
 George Peele 
  Mark Walter 
 

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END

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