Business
Growth Share Plan Awards 2026
Fintel plc has announced further grants under its Growth Share Plan, including the creation of a new class of E shares. The CEO, Matt Timmins, and CFO, David Thompson, have received awards of B, C, and D shares with potential maximum values of £1,969,830 and £1,435,920 respectively, and they are cash funding their crystallised tax charges totalling £104,000. Additionally, 281 E shares have been awarded to senior management, with a value pot tied to market capitalisation between £400m and £500m, potentially reaching £5.62 million. These awards are considered related party transactions, with independent directors deeming them fair and reasonable for shareholders. Disclaimer*
About this update from Fintel Plc
[{"type":"text","content":"\n\n3 February 2026\n \nFintel plc\n(the \"Company\" or \"Fintel\")\nGrant of further awards under Growth Share Plan\n \nFintel plc (AIM: FNTL) is pleased to announce further grants of B, C and D shares under its Growth Share Plan (the \"Plan\") and the creation and grant of a new class of E shares under the Plan.\nBackground and Rationale\nThe Plan was introduced in August 2023 to deliver a repeatable incentive structure under which awards could be made up to annually. In August 2023 initial awards were made of B, C and D shares and in May 2024 a further award of such shares was made.\nAs part of a holistic review of remuneration, the Remuneration Committee (\"RemCo\") has formed the view that a further award of B, C and D shares ought to be made to Matt Timmins, CEO and David Thompson, CFO to reflect further contribution and responsibility taken on as the business continues to grow and following the departure of Joint CEO Neil Stevens. In addition, the RemCo is also of the view that there are a number of existing and new employees who ought to be incentivised via the Plan and has therefore created a new class of E shares to appropriately incentivise or further incentivise those employees.\nThe terms of operation of the Plan in respect of these new awards is unchanged from the terms set out in the Company's original announcement regarding the Plan in August 2023, however the newly created E shares have a different performance measure for the creation of the value pot which is set out below.\nIt should be noted that customary commercial protections apply to all of the awards made under the Plan including compulsory transfer provisions and good and bad leaver valuation provisions. The RemCo also retain discretion to make changes to the Plan, if appropriate, such as in response to acquisitions.\nE Shares\nOn 2 February 2026 certain E Shares were allocated under the Plan. The final determination date of those E Shares is consistent with the B, C and D shares and they will vest in August 2028. The value pot in respect of the E shares is comprised of 8% of value of market capitalisation between £400m and £500m. In total there are 400 E shares which share in this value pot, of which 281 have been awarded.\nValue will only accrue to holders of E shares to the extent that the market capitalisation during the measurement period...