TIDMFCH

RNS Number : 8187Q

Funding Circle Holdings PLC

23 June 2020

23 June 2020

LEI: 2138003EK6UAINBBUS19

Funding Circle Holdings plc ("the Company")

Notification and Public Disclosure of Transaction in Shares by Person Discharging Managerial Responsibility ("PDMR")

The following awards have been granted to Oliver White, a PDMR, under the Funding Circle Holdings plc 2018 Long Term Incentive Plan over ordinary shares of 0.1 pence each in the Company:

-- an award of nil cost options with a one year vesting period, which it was agreed would be made to Mr White in connection with him agreeing to become a Director of the Company, in compensation for the forfeiture of his 2019 Vanquis Bank annual cash bonus (the Buyout Award); and

-- an award of nil cost options made in accordance with the Company's Remuneration Policy (the 2020 LTIP Award).

Full details of the above awards, including the performance conditions to be applied to the 2020 LTIP Award, will be disclosed in the Company's 2020 Directors' Remuneration Report.

For further information on the Company's Remuneration Policy please see the 2018 Annual Report and Accounts at: https://corporate.fundingcircle.com/results-and-reports

The following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

 
 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:              (i) Award of one year nil 
                                               cost options under the Funding 
                                               Circle Holdings plc 2018 Long 
                                               Term Incentive Plan (the Buy 
                                               Out Award) 
 
                                               (ii) Award of three years 
                                               nil cost options under the 
                                               Funding Circle Holdings plc 
                                               2018 Long Term Incentive Plan 
                                               (the 2020 LTIP Award) 
     ---------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s):              Price(s)         Volume(s) 
                                            (i) Nil cost 
                                             options         240,602 
                                                            ---------- 
                                            (ii) Nil cost 
                                             options         925,390 
                                                            ---------- 
     ---------------------------------  ------------------------------------- 
 d)   Aggregated information: 
 
       Aggregated volume:                  1,165,992 
 
       Price:                              N/A 
     ---------------------------------  ------------------------------------- 
 e)   Date of the transaction:           19 June 2020 
     ---------------------------------  ------------------------------------- 
 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)

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.

END

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June 23, 2020 07:30 ET (11:30 GMT)

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