Last checked at 3 Feb 2023 16:24
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.
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2. | Reason for the Notification | |||||||
(a) | Position / status | PCA of Christian Faes, Non-Executive Chair / PDMR
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(b) | Initial notification / amendment | Initial notification
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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
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(c) | Price(s) and volume(s) |
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(d) | Aggregated information Aggregated volume Price |
N/A - single transaction | ||||||
(e) | Date of the transaction | 3 February 2023
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(f) | Place of the transaction | London Stock Exchange, AIM
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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
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| 27.2% | ||||||
SUBTOTAL 8. A | 37,630,912 | 27.2% | |||||||
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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 | |||||||||
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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 | ||||||||
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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% | |||
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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