Director/PDMR Shareholding

RNS Number : 5187J

LendInvest PLC

23 August 2021

 

LendInvest plc (the "Company")

Notification and public disclosure by directors/persons discharging managerial responsibilities

LendInvest plc announces the grant of nil-cost options to persons discharging managerial responsibilities ("PDMRs") under the LendInvest Long Term Incentive Plan ("LTIP"). 

The PDMRs have been granted nil-cost share options ("Awards") which will vest subject to the achievement of an absolute total shareholder return ("TSR") performance target over the period of three years from the grant date as follows:

	Threshold numerator at end of three year performance period	Vesting (% Maximum)
Maximum	£3.63	100%
Threshold	£2.65	25%

Vesting between maximum and threshold levels will be determined on a straight-line basis between points.

Awards have been granted to the PDMRs as set out in the table below. The number of shares stated is the maximum number that could be issued to each PDMR:

Name	Number of Awards granted under the LTIP
Roderick Lockhart	312,356
Michael Evans	377,574

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Roderick Lockhart
2	Reason for the notification
a)	Position/Status:	CEO
b)	Initial Notification/Amendment:	Initial Notification
3	Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor
a)	Name:	LendInvest plc
b)	LEI:	213800NWMK304UWP9N91
4.	Details of 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: Identification code:	Ordinary Shares of £0.0005 each in the capital of LendInvest plc ISIN GB00BMC2XX17
b)	Nature of the transaction:	The grant of options to acquire Ordinary Shares for nil cost
c)	Price(s) and volume(s):	Price(s)	Volume(s)
		n/a	312,356
d)	Aggregated price(s) and volume(s):	Price(s)	Volume(s)
		N/A	N/A
e)	Date of the Transaction:	23 August 2021
f)	Place of the Transaction:	Off market transaction

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Michael Evans
2	Reason for the notification
a)	Position/Status:	CFO
b)	Initial Notification/Amendment:	Initial Notification
3	Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor
a)	Name:	LendInvest plc
b)	LEI:	213800NWMK304UWP9N91
4.	Details of 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: Identification code:	Ordinary Shares of £0.0005 each in the capital of LendInvest plc ISIN GB00BMC2XX17
b)	Nature of the transaction:	The grant of options to acquire Ordinary Shares for nil cost
c)	Price(s) and volume(s):	Price(s)	Volume(s)
		n/a	377,574
d)	Aggregated price(s) and volume(s):	Price(s)	Volume(s)
		N/A	N/A
e)	Date of the Transaction:	23 August 2021
f)	Place of the Transaction:	Off market transaction

 

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