LEI: 213800NWMK3O4UWP9N91
4
June 2024
LendInvest
plc
Board
Changes
LendInvest plc (AIM: LINV)
("LendInvest" or the "Company"), the UK's leading platform for
mortgages, today announces that it has been formally notified by
Penny Judd of her intention to step down from her position as
Independent Non-Executive Director of the Company and Chair of the
Audit & Risk Committee with effect from the publication of the
Company's annual results in July 2024 in order to focus on her
other directorships and commitments.
Maeve Byrne has been appointed to
succeed Penny Judd as an Independent Non-Executive Director of the
Company and Chair of the Audit & Risk Committee. Maeve will
also be a member of the Company's Nomination and Remuneration
Committees. Maeve is an accomplished financial services
professional who brings over 30 years of experience to her new
role. She has held key leadership positions at respected
institutions like RBS and KPMG and currently serves as a
Non-Executive Director and Audit Committee Chair at Alpha FMC.
Maeve's expertise in governance and financial oversight will be
instrumental as she steps into the roles of Independent
Non-Executive Director and Chair of the Audit & Risk Committee,
contributing her insight to the Company's strategic goals. Maeve's
appointment to the Board will be effective immediately to allow
sufficient time for an orderly transition from Penny.
The Company further announces that
Nina Spencer, Independent Non-Executive Director, and Dale Murray,
Independent Non-Executive Director, have also notified their
intention to not seek re-election by shareholders at the Company's
Annual General Meeting (AGM) in September 2024 in order to devote
more time to their business engagements and other
directorships.
The Board remains otherwise
unchanged. Following the Company's AGM, the Board will constitute
three Non-Executive Directors, two of whom are considered
independent, and two Executive Directors. The Board believes this
to be an appropriate size and balance of skills to steer the
Company on its continued path towards returning the Company to
profitability, but will keep the size and composition of the Board
under ongoing review.
The Board would like to take this
opportunity to express its sincere gratitude to Penny, Nina and
Dale for their valuable contributions to the Company during their
tenure of directorship.
Rod
Lockhart, Chief Executive Officer at LendInvest said:
"I want to
personally thank Penny, Nina, and Dale for their dedication and
invaluable contributions to LendInvest during this crucial phase of
change and growth over our first three years as a public company.
Their collective experience and support have been instrumental in
shaping our progress, and we wish them every success in their
future endeavours.
"We are delighted to welcome Maeve to the LendInvest Board.
Maeve brings a wealth of experience and deep insight that will be
of significant value to the company as we continue on our path back
to profitability."
Maeve Byrne, Independent Non-Executive Director
added: "I am delighted to join the LendInvest Board at such an
important time for the Company. I'm impressed by the management
team and eager to bring my experience to help navigate the evolving
financial landscape, guide LendInvest toward continued success and
help support the business in the next stage of its growth
journey."
Following the above changes, Panmure
Gordon (UK) Limited will serve as Nominated Adviser and sole
corporate broker to the Company going forward with immediate
effect.
Further information
Maeve Ann Byrne, aged 57, is, or has
been, a director or partner of the following companies or
partnerships during the past five years:
|
Current directorships and partnerships
|
Past
directorships and partnerships (past 5 years)
|
|
Lisnagroagh Ltd
|
None.
|
|
Alpha Financial Markets Consulting
Plc
|
|
Maeve Byrne does not hold any legal
or beneficial direct or indirect interest in the securities of the
Company.
There is no further information
required to be disclosed in respect of the above appointment
pursuant to Rule 17 or Schedule 2 (g) of the AIM Rules for
Companies.
The information contained within
this announcement is deemed to constitute inside information as
stipulated under the Market Abuse Regulations (EU) No. 596/2014.
Upon the publication of this announcement, this inside information
is now considered to be in the public domain.