Business
Issue of shares and PDMR Dealing
Issue of shares and PDMR Dealing.
About this update from Fintel Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0179S\n Fintel PLC\n 11 November 2021\n \n \n \n \n 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.\n \n \n \n \n \n Fintel plc \n \n \n (the \"Company\" or \"Fintel\")\n \n \n \n \n \n Issue of shares and PDMR Dealing\n \n \n \n \n Fintel plc, the leading independent provider of fintech and support services to the UK's retail financial services sector, announces the Company has today issued 5,232,335 new ordinary shares of 1 pence each (\"Ordinary Shares\") in the Company (the \"MIP Shares\") following the conversion of Ordinary Shares of SimplyBiz Limited (the \"A Shares\") as prescribed under the Management Incentive Plan (the \"MIP\"). The A Shares were subscribed for on IPO and vested and became exercisable from 4 April 2021 in accordance with the rules of the MIP.\n \n The A Shares were converted via service of a Put Notice by Neil Stevens (Joint Chief Executive Officer), Matt Timmins (Joint Chief Executive Officer), Gary Kershaw (Group Compliance Director) and one former employee as a good leaver, Sarah Turvey (former Chief Operating Officer) (together the \"MIP Participants\"). Details in relation to the MIP Shares issued to the Directors / PDMRs are contained in the table below.\n \n \n Both Neil Stevens and Matt Timmins have informed the Company that they do not intend to dispose of any of their shares for a period of at least twelve months.\n \n \n Following the exercise by the MIP Participants, the below directors have increased their aggregate holdings from 3.55% to 7.21% of the issued share capital of the Company*. The table below details their interests in the share capital of the Company:\n \n \n \n \n \n \n D\n \n \n irector\n \n \n \n \n \n \n P\n \n \n osition\n \n \n \n \n \n Ordinary Shares held previously\n \n \n \n \n % of total issued share capital\n \n \n \n \n Number of MIP Shares issued\n \n \n \n \n Number of Ordinary Shares...