Information  X 
Enter a valid email address

Funding Circle Hldgs (FCH)

  Print   

Monday 29 March, 2021

Funding Circle Hldgs

Director/PDMR Shareholding

RNS Number : 7971T
Funding Circle Holdings PLC
29 March 2021
 

29 March 2021

Funding Circle Holdings plc (the "Company")

 

Notification of Transactions by Persons Discharging Managerial Responsibility

 

Exercise of Options

 

The Company has been notified that Edward Wray, Non-Executive Director of the Company, has exercised the following share options over ordinary shares of 0.1p in the Company:

Option Scheme

Number of options exercised

Exercise price per share (p)

2011 EMI Share Option Scheme

571,400

2.72

2011 EMI Share Option Scheme

100,000

31.72

 

The exercise of the above options will be satisfied by the issue of 671,400 new ordinary shares which will rank pari passu in all respects with the existing ordinary shares of the Company and will be admitted to trading under the Company's existing block listing.

 

Grant of Options

 

The Company has granted an award of nil cost options over ordinary shares of 0.1 pence each in the Company to Oliver White, an Executive Director of the Company, under the Funding Circle Holdings plc 2018 Long Term Incentive Plan.

 

The award, which has a one year vesting period, was agreed to be made to Mr. White, subject to the satisfaction of the agreed performance metrics, in connection with him agreeing to become a Director of the Company in compensation for the forfeiture of his 2020 Vanquis Bank annual cash bonus.

 

Full details of the award will be disclosed in the Company's 2020 Directors' Remuneration Report.  For further information on the Company's current Remuneration Policy please see the 2018 Annual Report and Accounts at: https://corporate.fundingcircle.com/results-and-reports.

 

The notifications below, made in accordance with the requirements of Article 19 of the Market Abuse Regulation, provide further detail on the above transactions:

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Edward Wray

 

2.

Reason for the notification

a)

Position/status:

Non-Executive Director

 

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:

Exercise of options over ordinary shares

d)

Price(s) and volume(s):

 

Price(s)

Volume(s)

(i) 2.72 pence

571,400

(ii) 31.72 pence

100,000

e)

Aggregated information:

 

Aggregated volume:

 

Price:

Aggregated

volume

Aggregated price (weighted average)

671,400

7.039 pence

f)

Date of the transaction:

25 March 2021

g)

Place of the transaction

The London Stock Exchange (XLON)

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Oliver White

2.

Reason for the notification

a)

Position/status:

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 transaction:

Award of one year 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 cost options

71,237

d)

Aggregated information:

 

Aggregated volume:

 

Price:

N/A

 

 

e)

Date of the transaction:

26 March 2021

f)

Place of the transaction

The London Stock Exchange (XLON)

 

 

 

 

Media Enquiries:

 

Funding Circle

 

[email protected] (020 3667 2245)

 

Headland

 

Mike Smith ( 020 3805 4822 )

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 £11.5 billion to 100,000 businesses globally.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHGCGDXISDDGBC

a d v e r t i s e m e n t