Funding Circle Holdings PLC Director/PDMR Shareholding (3075Z)
20 May 2021 - 8:15PM
UK Regulatory
TIDMFCH
RNS Number : 3075Z
Funding Circle Holdings PLC
20 May 2021
20 May 2021
LEI: 2138003EK6UAINBBUS19
Funding Circle Holdings plc (the Company)
Notification of Transactions by Persons Discharging Managerial
Responsibility (PDMR)
Restricted Share Awards
The following restricted share awards were granted to PDMRs of
the Company on 19 May 2021 under the Funding Circle Holdings plc
2018 Long Term Incentive Plan in accordance with the Company's
Remuneration Policy:
PDMR Number of shares subject to award
Samir Desai (Chief Executive
Officer) 358,177
----------------------------------
Oliver White (Chief Financial
Officer) 269,306
----------------------------------
The awards were granted in the form of nil cost options over
ordinary shares of 0.1 pence each in the Company with a three year
vesting period, subject to performance underpins. Following the end
of the vesting period, the awards will be subject to a two year
holding period. For further information on the Company's
Remuneration Policy please see the 2020 Annual Report and Accounts
at: https://corporate.fundingcircle.com/results-and-reports .
Participation in the Share Incentive Plan
The above PDMRs also acquired a further interest in the
Company's shares as a result of their participation in the Funding
Circle Holdings plc Share Incentive Plan (the SIP) on 17 May
2021.
The SIP is an HMRC approved all employee share plan, under which
employees are able to purchase 'Partnership Shares' using
deductions from salary each month and receive one free 'Matching
Share' for each Partnership Share purchased.
Details of the Partnership Shares acquired on behalf of, and the
Matching Shares awarded to, PDMRs under the SIP are set out
below:
Name of PDMR Number of Partnership Number of Matching
Shares Shares
Samir Desai 103 103
---------------------- -------------------
Oliver White 103 103
---------------------- -------------------
Further information is set out below in accordance with Article
19 of the Market Abuse Regulation.
Restricted Share Awards
1. Details of the persons discharging managerial responsibilities/person
closely associated
a) Name: (i) Samir Desai
(ii) Oliver White
--------------------------------- -------------------------------------
2. Reason for the notification
------------------------------------------------------------------------
a) Position/status: (i) Chief Executive Officer
(ii) 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 transactions: Award of restricted shares,
in the form of 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 358,177
----------
(ii) Nil 269,306
----------
--------------------------------- -------------------------------------
d) Aggregated information: Not applicable - single transactions
--------------------------------- -------------------------------------
e) Date of the transaction: 19 May 2021
--------------------------------- -------------------------------------
f) Place of the transaction The London Stock Exchange
(XLON)
--------------------------------- -------------------------------------
Acquisition of Partnership Shares
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: (i) Samir Desai
(ii) Oliver White
-------------------------------- ----------------------------------------
2. Reason for the notification
--------------------------------------------------------------------------
a) Position/status: (i) Chief Executive Officer
(ii) 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 each
instrument, type of
instrument:
-------------------------------- ----------------------------------------
b) Identification code: GB00BG0TPX62
-------------------------------- ----------------------------------------
c) Nature of the transaction: Acquisition of Partnership Shares
under the Funding Circle Holdings
plc Share Incentive Plan
-------------------------------- ----------------------------------------
d) Price(s) and volume(s): Price(s) Volume(s)
(iii) 146.43 pence 103
----------
(iv) 146.43 pence 103
----------
-------------------------------- ----------------------------------------
e) Aggregated information: Aggregated Aggregated
volume price (weighted
Aggregated volume: average)
(i) 103 146.43 pence
Price: -----------------
(ii) 103 146.43 pence
-----------------
-------------------------------- ----------------------------------------
f) Date of the transaction: 17 May 2021
-------------------------------- ----------------------------------------
g) Place of the transaction The London Stock Exchange (XLON)
-------------------------------- ----------------------------------------
Award of Matching Shares
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: (i) Samir Desai
(ii) Oliver White
---------------------------------- -----------------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a) Position/status: (i) Chief Executive Officer
(ii) 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
---------------------------------- -----------------------------------
b) Identification code: GB00BG0TPX62
---------------------------------- -----------------------------------
c) Nature of the transaction: Award of Matching Shares under
the Funding Circle Holdings
plc Share Incentive Plan
---------------------------------- -----------------------------------
d) Price(s) and volume(s): Price Volume(s)
(i) Nil 103
----------
(ii) Nil 103
----------
---------------------------------- -----------------------------------
e) Aggregated information: Aggregated Aggregated
volume price (weighted
average)
(i) 103 Nil
-----------------
(ii) 103 Nil
-----------------
---------------------------------- -----------------------------------
f) Date of the transaction: 17 May 2021
---------------------------------- -----------------------------------
g) Place of the transaction The London Stock Exchange
(XLON)
---------------------------------- -----------------------------------
Investor relations and media relations:
Investor Relations
David de Koning - Director of Investor Relations and
Communications (0203 927 3893)
Media relations
Natasha Jones - Head of UK Communications (020 3667 2245)
Headland Consultancy - Mike Smith / 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 GBP12
billion to 100,000 businesses globally.
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