Director/PDMR Shareholding

RNS Number : 3075Z

Funding Circle Holdings PLC

20 May 2021

 

20 May 2021

LEI: 2138003EK6UAINBBUS19

Funding Circle Holdings plc (the Company)

Notification of Transactions by Persons Discharging Managerial Responsibility (PDMR)

Restricted Share Awards

The following restricted share awards were granted to PDMRs of the Company on 19 May 2021 under the Funding Circle Holdings plc 2018 Long Term Incentive Plan in accordance with the Company's Remuneration Policy:

PDMR	Number of shares subject to award
Samir Desai (Chief Executive Officer)	358,177
Oliver White (Chief Financial Officer)	269,306

The awards were granted in the form of nil cost options over ordinary shares of 0.1 pence each in the Company with a three year vesting period, subject to performance underpins.  Following the end of the vesting period, the awards will be subject to a two year holding period.  For further information on the Company's Remuneration Policy please see the 2020 Annual Report and Accounts at: https://corporate.fundingcircle.com/results-and-reports .

Participation in the Share Incentive Plan

The above PDMRs also acquired a further interest in the Company's shares as a result of their participation in the Funding Circle Holdings plc Share Incentive Plan (the SIP) on 17 May 2021.

The SIP is an HMRC approved all employee share plan, under which employees are able to purchase 'Partnership Shares' using deductions from salary each month and receive one free 'Matching Share' for each Partnership Share purchased. 

Details of the Partnership Shares acquired on behalf of, and the Matching Shares awarded to, PDMRs under the SIP are set out below:

Name of PDMR	Number of Partnership Shares	Number of Matching Shares
Samir Desai	103	103
Oliver White	103	103

Further information is set out below in accordance with Article 19 of the Market Abuse Regulation.

Restricted Share Awards

1.	Details of the persons discharging managerial responsibilities/person closely associated
a)	Name:	(i)  Samir Desai (ii)  Oliver White
2.	Reason for the notification
a)	Position/status:	(i)  Chief Executive Officer (ii)  Chief Financial Officer
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	Funding Circle Holdings plc
b)	LEI:	2138003EK6UAINBBUS19
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 of the financial instrument, type of instrument: Identification code:	Ordinary shares of 0.1 pence each GB00BG0TPX62
b)	Nature of the transactions:	Award of restricted shares, in the form of nil cost options, under the Funding Circle Holdings plc 2018 Long Term Incentive Plan.
c)	Price(s) and volume(s):	Price(s) Volume(s) (i)  Nil 358,177  (ii)  Nil 269,306
d)	Aggregated information:	Not applicable - single transactions
e)	Date of the transaction:	19 May 2021
f)	Place of the transaction	The London Stock Exchange (XLON)

Acquisition of Partnership Shares

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	(i)  Samir Desai (ii)  Oliver White
2.	Reason for the notification
a)	Position/status:	(i)  Chief Executive Officer (ii)  Chief Financial Officer
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	Funding Circle Holdings plc
b)	LEI:	2138003EK6UAINBBUS19
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 of the financial instrument, type of instrument:	Ordinary shares of 0.1 pence each
b)	Identification code:	GB00BG0TPX62
c)	Nature of the transaction:	Acquisition of Partnership Shares under the Funding Circle Holdings plc Share Incentive Plan
d)	Price(s) and volume(s):	Price(s) Volume(s) (iii)  146.43 pence 103 (iv)  146.43 pence 103
e)	Aggregated information: Aggregated volume: Price:	Aggregated volume Aggregated price (weighted average) (i)  103 146.43 pence (ii)  103 146.43 pence
f)	Date of the transaction:	17 May 2021
g)	Place of the transaction	The London Stock Exchange (XLON)

Award of Matching Shares

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	(i)  Samir Desai (ii)  Oliver White
2.	Reason for the notification
a)	Position/status:	(i)  Chief Executive Officer (ii)  Chief Financial Officer
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	Funding Circle Holdings plc
b)	LEI:	2138003EK6UAINBBUS19
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 of the financial instrument, type of instrument:	Ordinary shares of 0.1 pence each
b)	Identification code:	GB00BG0TPX62
c)	Nature of the transaction:	Award of Matching Shares under the Funding Circle Holdings plc Share Incentive Plan
d)	Price(s) and volume(s):	Price Volume(s) (i)  Nil 103 (ii)  Nil 103
e)	Aggregated information:	Aggregated volume Aggregated price (weighted average) (i)  103 Nil (ii)  103 Nil
f)	Date of the transaction:	17 May 2021
g)	Place of the transaction	The London Stock Exchange (XLON)

Investor relations and media relations:

Investor Relations

David de Koning - Director of Investor Relations and Communications (0203 927 3893)

Media relations

Natasha Jones - Head of UK Communications (020 3667 2245)

Headland Consultancy - Mike Smith / Stephen Malthouse (020 3805 4822)

About Funding Circle:

Funding Circle (LSE: FCH) is a small and medium enterprise ("SME") loans platform. Since launching in 2010, investors and lenders across Funding Circle's geographies - including banks, asset management companies, insurance companies, government-backed entities, retail investors and funds - have lent more than £12 billion to 100,000 businesses globally.

 

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