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Director/PDMR Shareholding Notifications

15/11/2018
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 figure 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 /

Amendment

Initial Notification

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 of the financial instrument, type of instrument

Ordinary shares of NPV each in the Company

 

Identification code

AU000XINEAE8

b)

Nature of the transaction

Award of Ordinary Shares 

c)

Price(s) and volume(s)

Price(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 transaction

15 November 2018 

f)

Place of the transaction

London Stock Exchange (XLON)

 

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 /

Amendment

Initial Notification

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 of the financial instrument, type of instrument

Ordinary shares of NPV each in the Company

 

Identification code

AU000XINEAE8

b)

Nature of the transaction

Transfer of legal title from ThinkSmart 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 volume(s)

Price(s)

Volume(s)

A$0.2652

250,000

d)

Aggregated information

Aggregated price

Aggregated volume

A$0.2652 per Ordinary Share

250,000 Ordinary Shares

e)

Date of the transaction

15 November 2018 

f)

Place of the transaction

London Stock Exchange (XLON)

 

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


 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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