Last checked at 6 May 2021 07:00
Fintel plc
(the "Company" or "Fintel")
Launch of Save As You Earn share schemeand Director / PDMR Dealing
Fintel plc (AIM: FNTL) is pleased to announce that it has launched a new issue of its Save As You Earn ("SAYE") share scheme for all its eligible permanent employees.
Eligible employees were invited to subscribe for options over the Company's ordinary shares of 1 pence each ("Ordinary Shares") at an exercise price of 176 pence ("Options"), representing approximately a 20% discount to the closing middle market price of the Ordinary Shares on 7 April 2021, the dealing day before the invitation to participate was made. The Options have a contract start date of 1 July 2021 and the scheme will run for a period of three years.
A total of 119 employees elected to participate, representing approximately 24% of the eligible population and pursuant to these elections a total of 293,362 shares under Option have been granted, equating to 0.30% of the current issued share capital.
Martin Reynolds, PDMR of the Company, has elected to participate in the SAYE scheme and is included in the total figures above. His individual Option pursuant to this issue of the SAYE scheme is over 2,045 Ordinary Shares.
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 | Martin Reynolds |
2 | Reason for the notification | |
a) | Position/status | Chief Executive Officer, SimplyBiz Mortgages (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 1p each
ISIN: GB00BG1THS43 |
b) | Nature of the transaction | Grant of an option to acquire Ordinary Shares at an option exercise price of £1.76 per Ordinary Share made pursuant to Company SAYE share scheme. |
c) | Price(s) and volume(s) | Price(s) 176p
Volume(s) 2,045 |
d) | Aggregated information | N/a - single transaction |
e) | Date of transaction | 5 May 2021 |
f) | Place of transaction | Outside a trading venue |
Fintel plc via Instinctif Partners
Matt Timmins (Joint Chief Executive Officer)
Neil Stevens (Joint Chief Executive Officer)
Zeus Capital (Nominated Adviser and Joint Broker) +44 (0) 20 3829 5000
Martin Green
Dan Bate
Pippa Hamnett
Liberum (Joint Broker) +44 (0) 20 3100 2222
Cameron Duncan
James Greenwood
Ed Phillips
Instinctif Partners (Financial PR) +44 (0) 78 3767 4600
Mark Walter Fintel@instinctif.com
Lewis Hill