REG - Lendinvest PLC LendInvest PLC-LINV - Holding(s) in Company

LendinvestAnnouncement

10/08/2023 14:00

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RNS Number : 9798I  Lendinvest PLC  10 August 2023

 

LEI: 213800NWMK3O4UWP9N91

10 August 2023

LendInvest plc

Holdings in Company

LendInvest plc (AIM: LINV; the "Company"), the UK's leading platform for
mortgages, was notified on 9 August 2023 of the sale on 8 August 2023 of
750,000 ordinary shares in the Company at £0.43 per share by Atomico IV L.P.
and Atomico IV (Guernsey) L.P. (together "Atomico").

Atomico has confirmed that it remains a supportive long-term shareholder and
sold shares to aid liquidity and allow a new institutional shareholder to join
the register. Following this sale, Atomico holds 16,111,040 ordinary shares in
the Company representing approximately 11.54% of the Company's issued share
capital.

A separate notification of dealing form (TR-1) will follow this announcement.

 

Enquiries:

 Rod Lockhart, Chief Executive Officer                           +44 (0)20 7353 4200

 Leigh Rimmer, Head of External Communications

 investorrelations@lendinvest.com
 Panmure Gordon (NOMAD and Joint Broker)                         +44 (0)20 7886 2500

 Atholl Tweedie / Stephen Jones / Tom Scrivens / David Watkins
 finnCap (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

 

About LendInvest
LendInvest is a leading platform for mortgages in the United Kingdom. Since
inception we have developed proprietary technology and digital solutions that
have allowed us to capture market share from incumbents and attract
significant third-party capital.

 

We use our technology to disrupt the £1.7 trillion* property finance market
which is dominated by manual paper processes and poor customer experience. Our
platform, unencumbered by legacy systems, offers attractive products and
pricing to borrowers and intermediaries through a seamless and
customer-focused process. In addition, it also provides us with a highly
scalable origination platform for future growth.

 

Experts in Real Estate investment, we have designed a variety of solutions and
products for our investors. These range from funds and separate accounts to
financial partnerships and RMBS. These products are tailored to address their
specific risk return and investment criteria. Through the platform, investors
from around the world gain exposure to attractive UK property finance assets
without requiring them to establish direct lending operations or borrower
services.

 

Our innovative business model is underpinned by our proprietary end-to-end
technology infrastructure, which facilitates operating leverage and delivers
better pricing for our customers. This drives efficiency and underpins our
business' roadmap for growth.

 

*Source, FCA -The outstanding value of all residential mortgage loans was
£1.7 trillion at the end of Q4 2022.

 

www.lendinvest.com (http://www.lendinvest.com) | @lendinvest
(https://twitter.com/lendinvest)

 

 

 

Forward-looking statements
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 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.

 

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