ThinkSmart Limited Director/PDMR Shareholding Notifications (5337H)
November 15 2018 - 10:13AM
UK Regulatory
TIDMTSL
RNS Number : 5337H
ThinkSmart Limited
15 November 2018
15 November 2018
ThinkSmart Limited
("ThinkSmart" or the "Company" and together with its
subsidiaries the "Group")
Issue of Ordinary Shares, Total Voting Rights and Director/PDMR
Shareholding Notifications
ThinkSmart (AIM: TSL) announces that it has today allotted
1,312,500 ordinary shares of no par value each in the Company
("Ordinary Shares") to Mr Ned Montarello, Executive Chairman of
ThinkSmart (the "Share Awards"). The Share Awards consist of:
-- 312,500 Ordinary Shares relating to the additional
remuneration package approved by the Board's remuneration
committee, for Mr Montarello's additional work leading the Company
during the interim period, until a replacement Chief Executive
Officer is appointed and joins the Group.
-- 1,000,000 Ordinary Shares relating to an award approved by
the Board's remuneration committee following the successful sale of
ClearPay by the Company.
Application has also been made today for the 1,312,500 new
Ordinary Shares to be admitted to trading on AIM of the London
Stock Exchange. It is expected that admission of the new Ordinary
Shares will take place at or around 8:00am on 20 November 2018.
ThinkSmart further announces that today Ned Montarello received
250,000 ordinary shares of no present value each in the Company
("Ordinary Shares") from the trustee of ThinkSmart's loan funded
share plan ("Loan Funded Share Plan") (the Transfer). Prior to the
Transfer, the trustee had been holding the Ordinary Shares on trust
for Mr Montarello and the Transfer has resulted in Mr Montarello
(as opposed to the trustee) being the registered holder of the
Ordinary Shares. Mr Montarello received the shares in return for
repaying his existing loan on the vested Ordinary Shares issued
under the Company's 2012 Loan Funded Share Plan, as stated in the
Company's admission document. Vesting of the loan funded shares,
which occurred on 4 March 2017, was subject to certain performance
criteria achieved prior to the Company's admission to AIM.
Post the Transfer and the admission of the new Ordinary Shares,
Mr. Montarello's total shareholding will comprise of 30,871,136
Ordinary Shares, representing 29.11% of the Company's issued share
capital of 106,041,244 Ordinary Shares. The Company holds no shares
in Treasury. Therefore, the total number of voting rights in the
Group will be 106,041,244.
This gure may be used by shareholders as the denominator for the
calculation by which they will determine if they are required to
notify their interest in, or a change in their interest in, the
Group under the FCA's Disclosure Guidance and Transparency
Rules.
The notification set out below is provided in accordance with
the requirements of the EU Market Abuse Regulation.
PDMR DEALING NOTIFICATION
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 Ned Montarello
------------------------ -----------------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------
a) Position / status Executive Chairman
------------------------ -----------------------------------------------------
b) Initial notification Initial Notification
/
Amendment
------------------------ -----------------------------------------------------
3 Details of issuer
-------------------------------------------------------------------------------
a) Name ThinkSmart Limited
------------------------ -----------------------------------------------------
b) LEI 213800ZBZQVXHDZHET73
------------------------ -----------------------------------------------------
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 Ordinary shares of NPV each in the Company
of the financial
instrument,
type of instrument
------------------------ -----------------------------------------------------
Identification AU000XINEAE8
code
------------------------ -----------------------------------------------------
b) Nature of the Award of Ordinary Shares
transaction
------------------------ -----------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s)
------------------------ -------------------------- -------------------------
Nil 1,312,500
------------------------------------------------------- -------------------------
d) Aggregated information Aggregated price Aggregated volume
------------------------ -------------------------- -------------------------
N/A (single transaction) N/A (single transaction)
------------------------------------------------------- -------------------------
e) Date of the 15 November 2018
transaction
------------------------ -----------------------------------------------------
f) Place of the London Stock Exchange (XLON)
transaction
------------------------ -----------------------------------------------------
PDMR DEALING NOTIFICATION
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 Ned Montarello
------------------------- ----------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position / status Executive Chairman
------------------------- ----------------------------------------------
b) Initial notification Initial Notification
/
Amendment
------------------------- ----------------------------------------------
3 Details of issuer
-------------------------------------------------------------------------
a) Name ThinkSmart Limited
------------------------- ----------------------------------------------
b) LEI 213800ZBZQVXHDZHET73
------------------------- ----------------------------------------------
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 Ordinary shares of NPV each in the Company
of the financial
instrument,
type of instrument
------------------------- ----------------------------------------------
Identification AU000XINEAE8
code
------------------------- ----------------------------------------------
b) Nature of the Transfer of legal title from ThinkSmart
transaction LTI Pty Ltd ("trustee") to Ned Montarello
for vested Ordinary Shares issued under
the ThinkSmart Limited 2012 Loan Funded
Share Plan and previously held on trust
by trustee for Ned Montarello
------------------------- ----------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s)
------------------------- -------------------------- ------------------
A$0.2652 250,000
-------------------------------------------------------- ------------------
d) Aggregated information Aggregated price Aggregated volume
------------------------- -------------------------- ------------------
A$0.2652 per Ordinary 250,000 Ordinary
Share Shares
-------------------------------------------------------- ------------------
e) Date of the 15 November 2018
transaction
------------------------- ----------------------------------------------
f) Place of the London Stock Exchange (XLON)
transaction
------------------------- ----------------------------------------------
For further information please contact:
ThinkSmart Limited Via Instinctif Partners
Ned Montarello
------------------------
finnCap Ltd (Nominated Adviser and
Joint Broker) +44 (0)20 7220 0500
------------------------
Jonny Franklin-Adams, Emily Watts,
Anthony Adams (Corporate Finance)
------------------------
Tim Redfern, Richard Chambers (Corporate
Broking)
------------------------
Canaccord Genuity (Joint Broker) +44 (0)20 7523 8350
------------------------
Sunil Duggal
------------------------
David Tyrrell
------------------------
Instinctif Partners +44 (0)20 7457 2020
------------------------
Giles Stewart
------------------------
Rui Videria
------------------------
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END
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