Issue of shares

Fintel PLC

31 May 2023

 

31 May 2023

Fintel plc

(the "Company" or "Fintel")

Issue of shares

Fintel plc (AIM: FNTL) announces that it has issued 94,117 ordinary shares of £0.01 each to satisfy certain share entitlements of members who have elected to exercise their options pursuant to the Company Share Option Plan (CSOP) and the Unapproved Company Share Option Plan (NTA)

Application has been made for the 94,117 newly issued shares to be admitted to trading on AIM, and admission is expected to take place on 01 June 2023 ("Admission"). Following Admission, the Company's issued share capital will consist of 103,835,333 ordinary shares. There are no ordinary shares held in treasury. Therefore, following Admission, this figure of 103,835,333 should be used by shareholders as the denominator for the calculation by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information, please contact:

Fintel plc Matt Timmins (Joint Chief Executive Officer) Neil Stevens (Joint Chief Executive Officer) David Thompson (Chief Financial Officer) via MHP Group Zeus (Nominated Adviser and Joint Broker) Martin Green Dan Bate [phone] Investec Bank (Joint Broker) Bruce Garrow David Anderson Harry Hargreaves    [phone] MHP Group (Financial PR) Reg Hoare Robert Collett-Creedy [phone] [e-mail]

Notes to Editors

Fintel is the UK's leading fintech and support services business, combining the largest provider of intermediary business support, SimplyBiz, and the leading research, ratings and Fintech business, Defaqto.

Fintel provides technology, compliance and regulatory support to thousands of intermediary businesses, data and targeted distribution services to hundreds of product providers and empowers millions of consumers to make better informed financial decisions. We serve our customers through three core divisions:

The Intermediary Services division provides technology, compliance, and regulatory support to thousands of intermediary businesses through a comprehensive membership model. Members include directly authorised IFAs, Wealth Managers and Mortgage Brokers.

The Distribution Channels division delivers market Insight and analysis and targeted distribution strategies to financial institutions and product providers. Clients include major Life and Pension companies, Investment Houses, Banks, and Building Societies.

The Fintech and Research division (Defaqto) provides market leading software, financial information and product research to product providers and intermediaries. Defaqto also provides product ratings (Star Ratings) on thousands of financial products. Financial products are expertly reviewed by the Defaqto research team and are compared and rated based on their underlying features and benefits. Defaqto ratings help consumers compare and buy financial products with confidence.

For more information about Fintel, please visit the website: www.wearefintel.com

 

END