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Pin to quick picksLendinvest Regulatory News (LINV)

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Director/PDMR Notification

3 Feb 2023 16:24

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 ofshares

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

Expirationdate 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

Expirationdate 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 thefinancial 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 HoldingsS.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 +44 (0)20 7353 4200

Rod Lockhart, Chief Executive Officer

Michael Evans, Chief Financial Officer

Alex Dee, Head of Investor Relations

Leigh Rimmer, Head of External Communications

investorrelations@lendinvest.com

Panmure Gordon (NOMAD and Joint Broker) +44 (0)20 7886 2500

Atholl Tweedie

Tom Scrivens

 

finnCap Limited (Joint Broker) +44 (0)20 7220 0500

Jonny Franklin-Adams/George Dollemore (Corporate Finance)

Tim Redfern/Alice Lane (ECM)

Tulchan Communications (Financial PR) +44 (0)20 7353 4200

Tom Murray

Ed Cropley

Olivia Lucas

 

 

 

 

 

 

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 rns@lseg.com 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
 
 
DSHUOANROAUURAR
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12

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