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LONDON - Fintel plc, a prominent fintech and support services provider for the UK’s retail financial sector, disclosed that two of its key executives have recently increased their holdings in the company. Non-Executive Director Ken Davy and a person closely associated with Joint Chief Executive Officer Matt Timmins have collectively purchased 114,401 ordinary shares.
The transactions, which took place on the London Stock Exchange (LON:LSEG)’s AIM, involved the acquisition of shares at prices ranging from £2.20 to £2.325. Specifically, on April 9, 2025, shares were bought at £2.20 and £2.2096 with an aggregated volume of 56,768, and on the following day, shares were purchased at £2.30 and £2.2855, totaling 32,633 shares. Ken Davy’s transaction occurred on April 14, 2025, with a purchase of 25,000 shares at £2.325 each.
Following these purchases, Matt Timmins now holds a total of 3,585,467 shares, representing 3.44% of the company’s total shares in issue. Ken Davy’s holding has increased to 24,856,476 shares, which amounts to 23.86% of the total shares in issue. The acquisition attributed to Matt Timmins was made by a person closely associated with him, specifically his spouse, Natalie Timmins.
These transactions are significant as they reflect the confidence of Fintel’s management in the company’s performance and future prospects. It is not uncommon for executives to buy shares in their own companies as a signal of their belief in the company’s value and potential for growth.
The company has made this information public in accordance with the requirements for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them. These disclosures provide transparency and are essential for the proper functioning of the markets, allowing investors to make informed decisions.
Investors often monitor such insider transactions as they can provide insights into the company’s health and the sentiment of its leadership. The information for this report is based on a press release statement from Fintel plc.
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