Funding Circle Holdings PLC Director/PDMR Shareholding (7971T)
March 29 2021 - 6:00AM
UK Regulatory
TIDMFCH
RNS Number : 7971T
Funding Circle Holdings PLC
29 March 2021
29 March 2021
Funding Circle Holdings plc (the "Company")
Notification of Transactions by Persons Discharging Managerial
Responsibility
Exercise of Options
The Company has been notified that Edward Wray, Non-Executive
Director of the Company, has exercised the following share options
over ordinary shares of 0.1p in the Company:
Option Scheme Number of options exercised Exercise price per
share (p)
2011 EMI Share Option
Scheme 571,400 2.72
---------------------------- -------------------
2011 EMI Share Option
Scheme 100,000 31.72
---------------------------- -------------------
The exercise of the above options will be satisfied by the issue
of 671,400 new ordinary shares which will rank pari passu in all
respects with the existing ordinary shares of the Company and will
be admitted to trading under the Company's existing block
listing.
Grant of Options
The Company has granted an award of nil cost options over
ordinary shares of 0.1 pence each in the Company to Oliver White,
an Executive Director of the Company, under the Funding Circle
Holdings plc 2018 Long Term Incentive Plan.
The award, which has a one year vesting period, was agreed to be
made to Mr. White, subject to the satisfaction of the agreed
performance metrics, in connection with him agreeing to become a
Director of the Company in compensation for the forfeiture of his
2020 Vanquis Bank annual cash bonus.
Full details of the award will be disclosed in the Company's
2020 Directors' Remuneration Report. For further information on the
Company's current Remuneration Policy please see the 2018 Annual
Report and Accounts at:
https://corporate.fundingcircle.com/results-and-reports.
The notifications below, made in accordance with the
requirements of Article 19 of the Market Abuse Regulation, provide
further detail on the above transactions:
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Edward Wray
-------------------------------- -----------------------------------------
2. Reason for the notification
---------------------------------------------------------------------------
a) Position/status: Non-Executive Director
-------------------------------- -----------------------------------------
b) Initial notification/Amendment: Initial notification
-------------------------------- -----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name: Funding Circle Holdings plc
-------------------------------- -----------------------------------------
b) LEI: 2138003EK6UAINBBUS19
-------------------------------- -----------------------------------------
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 Ordinary shares of 0.1 pence each
instrument, type of
instrument:
-------------------------------- -----------------------------------------
b) Identification code: GB00BG0TPX62
-------------------------------- -----------------------------------------
c) Nature of the transaction: Exercise of options over ordinary
shares
-------------------------------- -----------------------------------------
d) Price(s) and volume(s): Price(s) Volume(s)
(i) 2.72 pence 571,400
----------
(ii) 31.72 pence 100,000
----------
-------------------------------- -----------------------------------------
e) Aggregated information: Aggregated Aggregated
Aggregated volume: volume price (weighted
Price: average)
671,400 7.039 pence
-----------------
-------------------------------- -----------------------------------------
f) Date of the transaction: 25 March 2021
-------------------------------- -----------------------------------------
g) Place of the transaction The London Stock Exchange (XLON)
-------------------------------- -----------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Oliver White
--------------------------------- ------------------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------------
a) Position/status: Chief Financial Officer
--------------------------------- ------------------------------------------------
b) Initial notification/Amendment: Initial notification
--------------------------------- ------------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a) Name: Funding Circle Holdings plc
--------------------------------- ------------------------------------------------
b) LEI: 2138003EK6UAINBBUS19
--------------------------------- ------------------------------------------------
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 Ordinary shares of 0.1 pence
instrument, type of instrument: each
Identification code: GB00BG0TPX62
--------------------------------- ------------------------------------------------
b) Nature of the transaction: Award of one year nil cost
options under the Funding
Circle Holdings plc 2018 Long
Term Incentive Plan
--------------------------------- ------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
(i) Nil cost
options 71,237
----------
--------------------------------- ------------------------------------------------
d) Aggregated information: N/A
Aggregated volume:
Price:
--------------------------------- ------------------------------------------------
e) Date of the transaction: 26 March 2021
--------------------------------- ------------------------------------------------
f) Place of the transaction The London Stock Exchange
(XLON)
--------------------------------- ------------------------------------------------
Media Enquiries:
Funding Circle
press@fundingcircle.com (020 3667 2245)
Headland
Mike Smith ( 020 3805 4822 )
Stephen Malthouse ( 020 3805 4822 )
About Funding Circle:
Funding Circle (LSE: FCH) is a small and medium enterprise
("SME") loans platform. Since launching in 2010, investors and
lenders across Funding Circle's geographies - including banks,
asset management companies, insurance companies, government-backed
entities, retail investors and funds - have lent more than GBP11.5
billion to 100,000 businesses globally.
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