Last checked at 8 Jul 2022 09:11
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 +44 (0)20 7353 4200
Rod Lockhart, Chief Executive Officer
Michael Evans, Chief Financial Officer
Alex Dee, Head of Investor Relations
Leigh Rimmer, Senior PR Manager
investorrelations@lendinvest.com
Panmure Gordon (NOMAD and Joint Broker) +44 (0)20 7886 2500
Charles Leigh-Pemberton
Atholl Tweedie
Gabriel Hamlyn
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
Matt Low
Misha Bayliss
Olivia Lucas