Director/PDMR Notification

RNS Number : 9256O

Lendinvest PLC

03 February 2023

 

LEI: 213800NWMK3O4UWP9N91

3 February 2023

LendInvest plc

Director/PDMR/PCA Notification and TR-1

LendInvest plc (AIM: LINV) ("LendInvest" or the "Company"), a leading technology driven asset manager for UK property finance, has been notified of the sale of ordinary shares in the Company by Faes & Co Holdings S.à r.l. ("Faes & Co"), a person closely associated ("PCA") with Christian Faes, the Non-Executive Chair and a Person Discharging Managerial Responsibilities ("PDMR") of the Company.

Faes & Co sold 2,425,000 ordinary shares at a price of £0.80 per share in order to satisfy institutional demand for shares in excess of those readily available for sale and now, together with Christian Faes, still holds 37,630,912 ordinary shares in the Company representing approximately 27.2% of the Company's issued share capital.

The notification of dealing form (in accordance with the requirements of the Market Abuse Regulation) and TR-1 form are set out below.

1.	Details of the person discharging managerial responsibilities / person closely associated
(a)	Name	Faes & Co Holdings S.à r.l.
2.	Reason for the Notification
(a)	Position / status	PCA of Christian Faes, Non-Executive Chair / PDMR
(b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	LendInvest plc
(b)	LEI	213800NWMK3O4UWP9N91
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	Ordinary shares in LendInvest plc of £0.0005 each
	Identification code	GB00BMC2XX17
(b)	Nature of the transaction	Sale of 2,425,000 ordinary shares in LendInvest plc
(c)	Price(s) and volume(s)	Sale Price(s) Volume(s) £0.80 2,425,000
(d)	Aggregated information Aggregated volume Price	N/A - single transaction
(e)	Date of the transaction	3 February 2023
(f)	Place of the transaction	London Stock Exchange, AIM

TR-1: Standard form for notification of major holdings

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii :			LendInvest plc
1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights						X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify) iii:
3. Details of person subject to the notification obligation iv
Name			Christian Edouard Faes
City and country of registered office (if applicable)			N/A
4. Full name of shareholder(s) (if different from 3.) v
Name			Faes & Co Holdings S.à r.l.
City and country of registered office (if applicable)			Luxembourg, Luxembourg
5. Date on which the threshold was crossed or reached vi :			3 February 2023
6. Date on which issuer notified (DD/MM/YYYY):			3 February 2023
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer (8.A + 8.B) vii
Resulting situation on the date on which threshold was crossed or reached	27.2%	0%		27.2%	37,630,912
Position of previous notification (if applicable)	28.9%	0%		28.9%	40,055,912

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rights ix					% of voting rights
		Direct (DTR5.1)		Indirect  (DTR5.2.1)			Direct (DTR5.1)		Indirect (DTR5.2.1)
GB00BMC2XX17		37,630,912					27.2%
SUBTOTAL 8. A		37,630,912					27.2%
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrument		Expiration date x	Exercise/ Conversion Period xi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
			SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial instrument	Expiration date x		Exercise/ Conversion Period xi		Physical or cash Settlement xii			Number of voting rights	% of voting rights
					SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) xiv				X
Name xv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Christian Edouard Faes	0.2%
Faes & Co Holdings S.à r.l.	27.0%
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional information xvi

Place of completion	London, United Kingdom
Date of completion	3 February 2023

For further information, please contact:

LendInvest via Tulchan Communications      [phone]

Rod Lockhart, Chief Executive Officer

Michael Evans, Chief Financial Officer

Alex Dee, Head of Investor Relations

Leigh Rimmer, Head of External Communications

[e-mail]

Panmure Gordon (NOMAD and Joint Broker)   [phone]

Atholl Tweedie

Tom Scrivens

finnCap Limited (Joint Broker)      [phone]

Jonny Franklin-Adams/George Dollemore (Corporate Finance)

Tim Redfern/Alice Lane (ECM)

Tulchan Communications (Financial PR)   [phone]

Tom Murray

Ed Cropley

Olivia Lucas

 

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