Director/PDMR Shareholding

RNS Number : 8298R

LendInvest PLC

08 July 2022

 

LEI: 213800NWMK3O4UWP9N91

8 July 2022

LendInvest plc ("LendInvest" or the "Company")

Notification and public disclosure by directors/persons discharging managerial responsibilities

LendInvest announces the grant of nil-cost options ("Awards") to persons discharging managerial responsibilities ("PDMRs") under the LendInvest Long Term Incentive Plan ("LTIP") and LendInvest Deferred Bonus Plan ("DBP"), as set out in the table below.

Name	Number of Awards granted under the LTIP	Number of Awards granted under the DBP
Roderick Lockhart	512,821	9,615
Michael Evans	352,564	9,615

Awards granted under the LTIP will vest subject to continued employment and the achievement of performance targets measured over a three year performance period beginning on 1 April 2022. The performance targets are based on the Company's Earnings per Share and its absolute Total Shareholder Return measured over the performance period. The targets as determined by the Remuneration Committee of the Board will be disclosed in the Company's 2023 Annual Report.

In accordance with the Directors' Remuneration Policy, 50% of the directors' annual bonus for the 2022 financial year will be deferred into a share award under the DBP. Awards granted under the DBP will vest, subject to continued employment, on the first anniversary of the grant date and will become exercisable on that date.

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:	213800NWMK3O4UWP9N91
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 under the LendInvest Long Term Incentive Plan ("LTIP") and LendInvest Deferred Bonus Plan ("DBP") to acquire Ordinary Shares for nil cost
c)	Price(s) and volume(s):	Price(s)	Volume(s)
		n/a	LTIP: 512,821 DBP: 9,615
d)	Aggregated price(s) and volume(s):	Price(s)	Volume(s)
		N/A	N/A
e)	Date of the Transaction:	6 July 2022
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:	213800NWMK3O4UWP9N91
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 under the LendInvest Long Term Incentive Plan ("LTIP") and LendInvest Deferred Bonus Plan ("DBP")  to acquire Ordinary Shares for nil cost
c)	Price(s) and volume(s):	Price(s)	Volume(s)
		n/a	LTIP: 352,564 DBP: 9,615
d)	Aggregated price(s) and volume(s):	Price(s)	Volume(s)
		N/A	N/A
e)	Date of the Transaction:	6 July 2022
f)	Place of the Transaction:	Off market transaction

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, Senior PR Manager

[e-mail]

Panmure Gordon (NOMAD and Joint Broker)   [phone]

Charles Leigh-Pemberton

Atholl Tweedie

Gabriel Hamlyn

finnCap Limited (Joint Broker)   [phone]

Jonny Franklin-Adams/George Dollemore (Corporate Finance)

Tim Redfern/Alice Lane (ECM)

Tulchan Communications (Financial PR)   [phone]

Tom Murray

Matt Low

Misha Bayliss

Olivia Lucas

 

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