Lendinvest PLC Sale of residual economic interest in RMBS (7185Y)
05 Enero 2024 - 1:00AM
UK Regulatory
TIDMLINV
RNS Number : 7185Y
Lendinvest PLC
05 January 2024
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY OTHER
JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.
LEI: 213800NWMK3O4UWP9N91
5 January 2024
LendInvest plc
Sale of residual economic interest in securitisation
LendInvest plc (AIM: LINV, "LendInvest" or the "Group"), a
leading platform for mortgages has, through its LendInvest BTL
Limited subsidiary, successfully completed the sale of its non-risk
retention residual economic interest in the Mortimer BTL 2023-1 plc
securitisation for a net consideration of GBP5 million. Citi's
secondary trading desk managed the sale process and purchase for
onward sale.
In line with the Group's strategy to optimise its funds under
management, while at the same time moving more assets off its
balance sheet, the transaction will result in a reduction in the
Group's gross loans and advances of cGBP392 million. The
transaction will generate a net pre-tax gain of cGBP12.1 million
for FY2024.
Rod Lockhart, Chief Executive Officer of LendInvest, said : "We
are delighted to have successfully completed this sale, which will
strengthen our balance sheet, and underlines our focus on returning
the business to profitability.
--Ends--
Enquiries:
LendInvest via Teneo +44 (0)20 7353 4200
Rod Lockhart, Chief Executive Officer
David Broadbent, Chief Financial Officer
Hugo Davies, Chief Capital Officer
Leigh Rimmer, Head of Communications
investorrelations@lendinvest.com
Panmure Gordon (NOMAD and Joint Broker) +44 (0)20 7886 2500
Atholl Tweedie
David Watkins
Cavendish (Joint Broker) +44 (0)20 7220 0500
Jonny Franklin-Adams
Tim Redfern
Teneo (Financial PR) +44 (0)20 7353 4200
Tom Murray
Ed Cropley
Olivia Lucas
Important Notices
The information contained in this announcement is for
information purposes only. This announcement has been prepared in
accordance with English law, the UK Market Abuse Regulation and the
AIM Rules for Companies and information disclosed may not be the
same as that which would have been prepared in accordance with the
laws of jurisdictions outside England.
Subject to the requirements of the UK Market Abuse Regulation
and the AIM Rules for Companies, the delivery of this announcement
shall not create any implication that there has been no change in
the affairs of LendInvest or any group company since the date of
this announcement or that the information in this announcement is
correct as at any time subsequent to its date.
Certain statements in this announcement are forward-looking
statements. In some cases, these forward looking statements can be
identified by the use of forward looking terminology including the
terms "anticipate", "believe", "intend", "estimate", "expect",
"may", "will", "seek", "continue", "aim", "target", "projected",
"plan", "goal", "achieve" and words of similar meaning or in each
case, their negative, or other variations or comparable
terminology. Forward-looking statements are based on "'current
expectations and assumptions and are subject to a number of known
and unknown risks, uncertainties and other important factors that
could cause results or events to differ materially from what is
expressed or implied by those statements. Many factors may cause
actual results, performance or achievements of LendInvest to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking
statements. Important factors that could cause actual results,
performance or achievements of LendInvest and members of its group
to differ materially from the expectations of LendInvest, include,
among other things, general business and economic conditions
globally, industry trends, competition, changes in government and
changes in regulation and policy, changes in its business strategy,
political and economic uncertainty and other factors. As such,
undue reliance should not be placed on forward-looking statements.
Any forward-looking statement is based on information available to
LendInvest as of the date of the statement. All written or oral
forward-looking statements attributable to LendInvest are qualified
by this caution. Other than in accordance with legal and regulatory
obligations, LendInvest undertakes no obligation to publicly update
or revise any forward-looking statement, whether as a result of new
information, future events or otherwise. Nothing in this
announcement should be regarded as a profit forecast.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
STRBIGDBRGGDGSS
(END) Dow Jones Newswires
January 05, 2024 02:00 ET (07:00 GMT)
Lendinvest (LSE:LINV)
Gráfica de Acción Histórica
De Ago 2024 a Sep 2024
Lendinvest (LSE:LINV)
Gráfica de Acción Histórica
De Sep 2023 a Sep 2024