TIDMTSL

RNS Number : 7641M

ThinkSmart Limited

13 May 2020

13 May 2020

ThinkSmart Limited

("ThinkSmart" or the "Company" and together with its subsidiaries the "Group")

PDMR Shareholding Notification

ThinkSmart (AIM: TSL) was notified on 13 May 2020 that Mr. Roger McDowell, Non-Executive Director of the Group, has sold 850,000 ordinary shares of no par value each in the Company ("Ordinary Shares").

Mr. McDowell's beneficial holding in the Group following the sale is nil Ordinary Shares, representing 0% of the Company's issued share capital of 106,509,994 Ordinary Shares. The Company holds no shares in Treasury. Therefore, the total number of voting rights in the Group remain 106,509,994.

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

 
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                      Mr. Roger McDowell 
     ------------------------  ---------------------------------------------------- 
2     Reason for the notification 
     ------------------------------------------------------------------------------ 
a)    Position / status         Non-Executive Director 
     ------------------------  ---------------------------------------------------- 
b)    Initial notification      Initial Notification 
       / 
       Amendment 
     ------------------------  ---------------------------------------------------- 
3     Details of issuer 
     ------------------------------------------------------------------------------ 
a)    Name                      ThinkSmart Limited 
     ------------------------  ---------------------------------------------------- 
b)    LEI 
                                                213800I873YJPIBO2L33 
     ------------------------  ---------------------------------------------------- 
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             Sale of Ordinary Shares 
       transaction 
     ------------------------  ---------------------------------------------------- 
c)    Price(s) and              Price(s)                   Volume(s) 
       volume(s) 
     ------------------------  -------------------------  ------------------------- 
                                20p                        850,000 
 ----------------------------  -------------------------  ------------------------- 
d)    Aggregated information    Aggregated price           Aggregated volume 
     ------------------------  -------------------------  ------------------------- 
                                N/A (single transaction)   N/A (single transaction) 
 ----------------------------  -------------------------  ------------------------- 
e)    Date of the               12 May 2020 
       transaction 
     ------------------------  ---------------------------------------------------- 
f)    Place of the              London Stock Exchange (XLON) 
       transaction 
     ------------------------  ---------------------------------------------------- 
 

For further information please contact:

 
 ThinkSmart Limited                      Via Buchanan 
 Ned Montarello 
 
 Canaccord Genuity (Nominated Adviser 
  and Broker)                            +44 (0)20 7523 8350 
 Sunil Duggal 
  David Tyrrell 
  Tom Diehl 
 
 
 Buchanan                                +44 (0)20 7466 5000 
 Giles Stewart 
  Victoria Hayns 
  Toto Berger 
 

About ThinkSmart Limited

ThinkSmart Limited is a specialist digital payments platform operator and investor. In 2018 ThinkSmart sold 90% of its Clearpay subsidiary to Afterpay Ltd and retains the 10% holding. ThinkSmart's operating business provides retail finance solutions for both consumers and businesses, underpinned by its innovative and scalable proprietary technology platform, 'SmartCheck'. Since it commenced operations in the UK in 2003, the Group has processed in excess of 350,000 individual applications.

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.

END

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May 13, 2020 04:50 ET (08:50 GMT)

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