ThinkSmart Limited Director/PDMR Shareholding Notifications (5388Y)

TIDMTSL

RNS Number : 5388Y

ThinkSmart Limited

09 May 2019

9 May 2019

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 468,750 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 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.

Application has also been made today for the 468,750 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 15 May 2019.

Post the Transfer and the admission of the new Ordinary Shares, Mr. Montarello's total shareholding will comprise of 31,339,886 Ordinary Shares, representing 29.42% 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 will be 106,509,994.

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                                                      468,750 
  -------------------------------------------------------  ------------------------- 
d)    Aggregated information    Aggregated price            Aggregated volume 
     ------------------------  --------------------------  ------------------------- 
   N/A (single transaction)                                 N/A (single transaction) 
  -------------------------------------------------------  ------------------------- 
e)    Date of the               9 May 2019 
       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, Anthony Adams 
  (Corporate Finance) 
 Tim Redfern, Richard Chambers (ECM) 
 
 Canaccord Genuity (Joint Broker)       +44 (0)20 7523 8350 
 Sunil Duggal 
 David Tyrrell 
 
 Instinctif Partners                    +44 (0)20 7457 2020 
 Catherine Wickman 
 Kaj Sahota

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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