Schedule One - LendInvest Plc | RNS | Ticker

Schedule One - LendInvest Plc

RNS Announcement

RNS Number : 6534D

AIM

30 June 2021

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

LendInvest plc

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

Two Fitzroy Place, 8 Mortimer Street, London, W1T 3JJ

COUNTRY OF INCORPORATION:

England & Wales

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

corporate.lendinvest.com

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

LendInvest is an asset manager focused on property finance in the United Kingdom.

The business originates property finance assets for investors and financial partners through a variety of investment solutions and products, including funds and separate accounts, financial partnerships and residential mortgage-backed securities. These products are tailored to address the specific risk return and investment criteria of investors. Through LendInvest's platform, institutional investors gain exposure to property finance assets without requiring them to establish direct lending operations or borrower services.

LendInvest uses proprietary technology and third party integrations to provide better solutions for borrowers and intermediaries. The volume and quality of mortgages originated by its scalable platform is attractive to institutional investors and financial partners. For example, earlier this year LendInvest secured a £625 million separate account mandate with J.P. Morgan where up to 50 per cent. of buy-to-let mortgages originated will be allocated to the J.P. Morgan Separate Account.

LendInvest believes that its business model is applicable to all segments of the property finance market and its strategy is to grow the business by expanding into product categories such as specialist homeowner mortgages, consumer buy-to-let mortgages and mainstream mortgages.

LendInvest generates revenue through management, performance and servicing fees on separate accounts and funds, and interest charged on assets funded by financial partnerships and residential mortgage-backed securities. Arrangement fees are earned on all property finance assets the business originates.

LendInvest Limited (incorporated on 17 July 2012) is the ultimate parent company of the group, and will be re-registered as a public limited company prior to admission.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

TBC ordinary shares of TBC pence each, with no restrictions on transferability and TBC ordinary shares will be held in treasury on admission.

CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

Capital to be raised on Admission: £TBC

Primary to be raised on Admission: £TBC / TBC shares

Secondary to be raised on Admission: £TBC / TBC shares

Anticipated market capitalisation on Admission: £TBC

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

TBC%

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED:

LendInvest Secured Income PLC, a wholly owned subsidiary, has bonds listed on the standard listed segment of the Official List of the Financial Conduct Authority and admitted to trading on London Stock Exchange's regulated market and through the electronic Order Book for Retail Bonds.

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

Christian Edouard Faes (Co-Founder and Executive Chairman)

Ian Edward Thomas (Co-Founder and Chief Investment Officer)

Roderick (Rod) Alexander Lockhart (Chief Executive Officer)

Michael Simon Evans (Chief Financial Officer)

Stephan Wilcke (Senior Independent Director)

Dale Jane Murray CBE (Independent Non-executive Director)

Penelope (Penny) Ruth Judd (Independent Non-executive Director)

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

Significant shareholders	% of share capital prior to admission⁴	% of share capital on admission
Christian Faes¹	34.5%	TBC%
Ian Thomas²	34.5%	TBC%
Atomico³	14.5%	TBC%
David Serafini	3.3%	TBC%

1 Including direct and indirect holdings through Faes & Co Holdings Sarl

2 Including direct and indirect holdings through Kilford Investments Limited

3 Including holdings through Atomico IV LP and Atomico IV (Guernsey) LP

4 Excluding the issuance of shares pre-admission in respect of vested share options (up to 880,000 shares but still TBC)

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

None

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i) 31 March

(ii) 31 March 2021

(iii) 31 December 2021 (interims), 30 September 2022 (full year), 31 December 2022 (interims)

EXPECTED ADMISSION DATE:

Mid July 2021

NAME AND ADDRESS OF NOMINATED ADVISER:

Joh. Berenberg, Gossler & Co KG

60 Threadneedle Street, London, EC2R 8HP

NAME AND ADDRESS OF BROKER:

Joh. Berenberg, Gossler & Co KG

60 Threadneedle Street, London, EC2R 8HP

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

Electronic copies of the admission document will be available from the Company's website, corporate.lendinvest.com and available free of charge from the Company's registered office, being Two Fitzroy Place, 8 Mortimer Street, London W1T 3JJ during normal business hours on any weekday (Saturdays and public holidays excepted) from Admission. The admission document will contain full details about the applicant and the admission of its securities.

THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY

The Company intends to adopt the Quoted Companies Alliance, Corporate Governance Code, published by the UK Quoted Companies Alliance from Admission.

DATE OF NOTIFICATION:

30 June 2021

NEW/ UPDATE:

New

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END

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RNS metadata

Title: Schedule One - LendInvest Plc
Time: 11:00:02
Date: 30 Jun 2021
Category: Capital structure
ID: 6534D