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29 Mar 2021 11:00
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
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2. | Reason for the notification | |||||||
a) | Position/status: | Non-Executive Director
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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
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b) | Identification code: | GB00BG0TPX62 | ||||||
c) | Nature of the transaction: | Exercise of options over ordinary shares | ||||||
d) | Price(s) and volume(s): |
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e) | Aggregated information:
Aggregated volume:
Price: |
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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
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c) | Price(s) and volume(s): |
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d) | Aggregated information:
Aggregated volume:
Price: | N/A
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e) | Date of the transaction: | 26 March 2021 | ||||
f) | Place of the transaction | The London Stock Exchange (XLON) | ||||
Media Enquiries:
Funding Circle
press@fundingcircle.com (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.
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