20
August 2024
LendInvest
plc
("LendInvest" or the
"Company")
Issue of Shares to the
Employee Benefit Trust
and
Total Voting
Rights
LendInvest plc (AIM: LINV) today
announces the proposed issue and allotment of 1,750,000 new
ordinary shares in the capital of the Company of £0.0005 each (the
"New Shares") intended to be subscribed for at par value by
Equiniti Trust (Jersey) Limited (the "Trustee"), as trustee of the
LendInvest Employee Benefit Trust (the "EBT"). The EBT is
subscribing for the New Shares to satisfy the grant of share awards
to employees and the expected exercise of vested share options held
by employees under the Company's share plans.
The subscription costs for the New
Shares will be funded by way of a loan from the Company to the EBT.
The New Shares will rank pari passu in all respects with the
Company's existing Ordinary Shares.
Application has been made to London
Stock Exchange plc for admission of the New Shares to trading on
AIM ("Admission"). It is expected that Admission will become
effective on 21 August 2024.
Following Admission, the total number
of Ordinary Shares held by the EBT will be 2,467,937 representing
approximately 1.7% of the Company's total voting rights.
Following Admission, the total number
of shares in issue in the Company will be 142,782,025. The Company
does not hold any shares in treasury and all shares have equal
voting rights. Therefore, the total number of voting rights in the
Company, following Admission, will be 142,782,025. This figure may
be used by shareholders as the denominator for the calculations by
which they will determine if they are required to notify their
interest in, or a change to their interest in, LendInvest under the
Financial Conduct Authority's Disclosure Guidance and Transparency
Rules.
For
further information, please contact:
LendInvest via
Teneo
+44 (0)20 7353 4200
Rod Lockhart, Chief Executive
Officer
Leigh Rimmer, Director of
Communications
investorrelations@lendinvest.com
Panmure Liberum (NOMAD and Sole
Broker)
+44 (0)20 7886 2500
Atholl Tweedie
Stephen Jones
David Watkins
Teneo
(Financial PR)
+44 (0)20 7353 4200
Tom Murray
Ed Cropley
Olivia Lucas
IMPORTANT NOTICE
This announcement or any part of it
does not constitute or form part of any offer to issue or sell, or
the solicitation of an offer to acquire, purchase or subscribe for,
any securities in any jurisdiction.
No action has been taken by the
Company or any of its affiliates, or any person acting on its or
their behalf that would permit an offer of Ordinary Shares or
possession or distribution of this announcement or any other
offering or publicity material relating to Ordinary Shares in any
jurisdiction where action for that purpose is required. Persons
into whose possession this announcement comes are required by the
Company to inform themselves about, and to observe, such
restrictions.
This announcement does not constitute
a recommendation concerning any investment decision. Any indication
in this announcement of the price at which Ordinary Shares have
been bought or sold in the past cannot be relied upon as a guide to
future performance. The price of shares and any income expected
from them may go down as well as up and investors may not get back
the full amount invested upon disposal of the shares. Past
performance is no guide to future performance. This announcement
does not identify or suggest, or purport to identify or suggest,
the risks (direct or indirect) that may be associated with an
investment in the Ordinary Shares. The contents of this
announcement are not to be construed as legal, business, financial
or tax advice.