ThinkSmart Limited Director/PDMR Shareholding Notifications (5337H)

TIDMTSL

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 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                                                      1,312,500 
  -------------------------------------------------------  ------------------------- 
d)    Aggregated information    Aggregated price            Aggregated volume 
     ------------------------  --------------------------  ------------------------- 
   N/A (single transaction)                                 N/A (single transaction) 
  -------------------------------------------------------  ------------------------- 
e)    Date of the               15 November 2018 
       transaction 
     ------------------------  ----------------------------------------------------- 
f)    Place of the              London Stock Exchange (XLON) 
       transaction 
     ------------------------  ----------------------------------------------------- 
 
 
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              Transfer of legal title from ThinkSmart 
       transaction                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               Price(s)                    Volume(s) 
       volume(s) 
     -------------------------  --------------------------  ------------------ 
   A$0.2652                                                  250,000 
  --------------------------------------------------------  ------------------ 
d)    Aggregated information     Aggregated price            Aggregated volume 
     -------------------------  --------------------------  ------------------ 
   A$0.2652 per Ordinary                                     250,000 Ordinary 
    Share                                                     Shares 
  --------------------------------------------------------  ------------------ 
e)    Date of the                15 November 2018 
       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)                              [phone] 
                                            ------------------------ 
 Jonny Franklin-Adams, Emily Watts, 
  Anthony Adams (Corporate Finance) 
                                            ------------------------ 
 Tim Redfern, Richard Chambers (Corporate 
  Broking) 
                                            ------------------------ 
 
 Canaccord Genuity (Joint Broker)            [phone] 
                                            ------------------------ 
 Sunil Duggal 
                                            ------------------------ 
 David Tyrrell 
                                            ------------------------ 
 
 Instinctif Partners                         [phone] 
                                            ------------------------ 
 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 [e-mail] or visit www.rns.com.

END

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November 15, 2018 11:13 ET (16:13 GMT)