LONDON - Fintel plc, a prominent fintech and support services provider for the UK’s retail financial sector, reported that Non-Executive Director Ken Davy has increased his stake in the company. On April 15, 2025, Mr. Davy acquired an additional 25,000 ordinary shares at a price of £2.310228 per share on the London Stock Exchange (LON:LSEG)’s AIM market.
This transaction has raised Ken Davy’s total interest in Fintel to 24,881,476 shares, which now accounts for 23.88% of the company’s issued share capital. The purchase aligns with the company’s latest notification of dealings by its directors and persons with managerial responsibilities.
The acquisition is a direct financial endorsement by a senior member of the Fintel board and could be interpreted by the market as a positive signal of the company’s health and prospects. However, it should be noted that such transactions are fairly routine and are not necessarily indicative of future performance.
Fintel has not provided further details on the transaction or any additional context regarding Mr. Davy’s decision to increase his holdings at this time. The company has a legal obligation to announce such transactions to ensure transparency and maintain fair trading practices.
The information in this article is based on a press release statement from Fintel plc.
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