Simplybiz founder Ken Davy sells chunk of Fintel shares

Non-exec director retains 23.8% of shares in the company

Jenna Brown
clock • 1 min read

Fintel non-executive director and SimplyBiz founder Ken Davy has sold more than 3 million shares of 1p each in the company at 300p per share.

In total, he offloaded 3,116,167 ordinary shares, the fintech and support services business, made up of SimplyBiz and Defaqto, said in a note to the stock exchange yesterday (13 May). Davy, chair of rugby league side Huddersfield Giants, retains a beneficial interest in the firm of 24,731,476 ordinary shares, representing about 23.8% of the company's issued share capital. Davy's beneficial interest includes 895,422 ordinary shares held in trust and 814,447 shares held indirectly through Huddersfield Giants. Phil Smith replaced Davy as chair of Fintel in March last year. At the time...

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