21 April 2022
LEI: 2138003EK6UAINBBUS19
Funding Circle Holdings plc ("the Company")
Notification of Transactions by Persons Discharging Managerial Responsibility
2021 Deferred Bonus Awards
In accordance with the Company's Remuneration Policy, on 21 April 2022 the Company granted Samir Desai and Oliver White the following awards of nil cost options over ordinary shares of nominal value 0.1p in the capital of the Company (the "Awards"):
| Name of PDMR | Number of shares subject to Award |
| Samir Desai | 192,570 |
| Oliver White | 147,533 |
The Awards represent forty per cent of the 2021 annual bonus for executive directors which is required to be deferred into ordinary shares and will vest after three years.
Full details of the Awards are disclosed in the Company's 2021 Directors' Remuneration Report which can be found in the Company's Annual Report at: https://corporate.fundingcircle.com/investors/
Share Incentive Plan
The Company announces that on 20 April 2022 it issued 1,800,000 ordinary shares of nominal value 0.1 pence each in the capital of the Company to Equiniti Share Plan Trustees Limited at a price of 0.1 pence per share. The shares were issued in satisfaction of free share awards made to participants under the Funding Circle Holdings plc Share Incentive Pan (the "SIP"), including those Persons Discharging Managerial Responsibility of the Company (each a "PDMR") outlined below. The shares rank equally with the existing issued ordinary shares.
As at the date of this announcement, and including the share issue detailed under the SIP, the issued share capital of the Company is 359,989,386 ordinary shares, all with voting rights. 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, the Company under the Disclosure and Transparency Rules.
Details of the free shares allotted to PDMRs under the SIP are set out below:
| Name of PDMR | Number of Free Shares |
| Lisa Jacobs | 4,814 |
| Oliver White | 4,814 |
The notification below, made in accordance with the requirements of Article 19 of the Market Abuse Regulation, provides further detail:
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name: | Samir Desai | ||||
| 2. | Reason for the notification | |||||
| a) | Position/status: | Non-Executive Director | ||||
| 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 instrument, type of instrument:
Identification code: | Ordinary shares of 0.1 pence each
GB00BG0TPX62 | ||||
| b) | Nature of the transaction: | Award of nil cost options under the Funding Circle Holdings plc Deferred Bonus Plan
| ||||
| c) | Price(s) and volume(s): |
| ||||
| d) | Aggregated information:
Aggregated volume:
Price: | N/A
| ||||
| e) | Date of the transaction: | 21 April 2022 | ||||
| f) | Place of the transaction | The London Stock Exchange (XLON) | ||||
| 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 instrument, type of instrument:
Identification code: | Ordinary shares of 0.1 pence each
GB00BG0TPX62 | ||||
| b) | Nature of the transaction: | Award of nil cost options under the Funding Circle Holdings plc Deferred Bonus Plan
| ||||
| c) | Price(s) and volume(s): |
| ||||
| d) | Aggregated information:
Aggregated volume:
Price: | N/A
| ||||
| e) | Date of the transaction: | 21 April 2022 | ||||
| f) | Place of the transaction | The London Stock Exchange (XLON) | ||||
| 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 instrument, type of instrument:
Identification code: | Ordinary shares of 0.1 pence each
GB00BG0TPX62 | ||||
| b) | Nature of the transaction: | Award of free shares under the SIP
| ||||
| c) | Price(s) and volume(s): |
| ||||
| d) | Aggregated information:
Aggregated volume:
Price: | N/A
| ||||
| e) | Date of the transaction: | 20 April 2022 | ||||
| f) | Place of the transaction | The London Stock Exchange (XLON) | ||||
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name: | Lisa Jacobs | ||||
| 2. | Reason for the notification | |||||
| a) | Position/status: | Chief Executive 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 instrument, type of instrument:
Identification code: | Ordinary shares of 0.1 pence each
GB00BG0TPX62 | ||||
| b) | Nature of the transaction: | Award of free shares under the SIP
| ||||
| c) | Price(s) and volume(s): |
| ||||
| d) | Aggregated information:
Aggregated volume:
Price: | N/A
| ||||
| e) | Date of the transaction: | 20 April 2022 | ||||
| f) | Place of the transaction | The London Stock Exchange (XLON) | ||||
Investor relations and media relations:
Investor Relations
David de Koning - Director of Investor Relations and Communications (0203 927 3893)
Media relations
Headland Consultancy: Mike Smith / Stephen Malthouse (0203 805 4822)
About Funding Circle:
Funding Circle (LSE: FCH) is a small and medium enterprise ("SME") loans platform. Since launching in 2010, investors and lenders across Funding Circle's geographies - including banks, asset management companies, insurance companies, government-backed entities, retail investors and funds - have lent more than £14 billion to more than 120,000 businesses globally.
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.
