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LendInvest plc announced the grant of 1,600,000 nil-cost options to CEO Roderick Lockhart under its Long Term Incentive Plan on 4 September 2024. Concurrently, 800,000 nil-cost options previously granted to Roderick Lockhart on 1 August 2023 were cancelled on 4 September 2024, with no compensation payable.
| Date | 6 Sept 2024 |
| Time | 11:53:33 |
| Category | Director/PDMR dealings |
| ID | 2707D |
6 September 2024
LendInvest plc
PDMR dealing
LendInvest plc (AIM: LINV, the "Company"), a leading platform for mortgages, announces the grant of 1,600,000 nil-cost options to acquire ordinary shares of £0.0005 in the Company to Roderick Lockhart, CEO, under the LendInvest Long Term Incentive Plan (the "LTIP").
It is further announced that the previous award of 800,000 nil-cost options granted to Roderick Lockhart on 1 August 2023 (the "FY24 Award") has been cancelled, taking into account share price performance and in order to help prudently manage future expenditure and dilution headroom. No compensation will be payable to Roderick Lockhart for the cancellation of the FY24 Award.
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1 |
Details of the person discharging managerial responsibilities/person closely associated
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a) |
Name: |
Roderick Lockhart
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2 |
Reason for the notification
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a) |
Position/Status:
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CEO |
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b) |
Initial Notification/Amendment:
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Initial Notification |
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3 |
Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor
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a) |
Name: |
LendInvest plc
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b) |
LEI: |
213800NWMK3O4UWP9N91
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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.
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a) |
Description of the financial instrument: Identification code: |
Ordinary Shares of £0.0005 each in the capital of LendInvest plc ISIN GB00BMC2XX17 |
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b) |
Nature of the transaction:
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The grant of options under the LendInvest Long Term Incentive Plan to acquire Ordinary Shares for nil cost subject to a three year performance period |
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c) |
Price(s) and volume(s): |
Price(s)
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Volume(s) |
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n/a
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1,600,000 |
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d) |
Aggregated price(s) and volume(s): |
Price(s)
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Volume(s) |
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N/A
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N/A |
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e) |
Date of the Transaction:
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4 September 2024 |
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f) |
Place of the Transaction: |
Off market transaction
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1 |
Details of the person discharging managerial responsibilities/person closely associated
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a) |
Name: |
Roderick Lockhart
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2 |
Reason for the notification
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a) |
Position/Status:
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CEO |
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b) |
Initial Notification/Amendment:
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Initial Notification |
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3 |
Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor
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a) |
Name: |
LendInvest plc
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b) |
LEI: |
213800NWMK3O4UWP9N91
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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.
|
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a) |
Description of the financial instrument: Identification code: |
Ordinary Shares of £0.0005 each in the capital of LendInvest plc ISIN GB00BMC2XX17 |
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b) |
Nature of the transaction:
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The cancellation of options to acquire Ordinary Shares for nil cost granted on 1 August 2023 under the LendInvest Long Term Incentive Plan |
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c) |
Price(s) and volume(s): |
Price(s)
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Volume(s) |
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n/a
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800,000 |
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d) |
Aggregated price(s) and volume(s): |
Price(s)
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Volume(s) |
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N/A
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N/A |
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e) |
Date of the Transaction:
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4 September 2024 |
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f) |
Place of the Transaction: |
Off market transaction
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