Lendinvest PLC Directorate Change (6114Y)
05 5월 2023 - 7:53PM
UK Regulatory
TIDMLIV2 TIDMLIV3 TIDMLINV
RNS Number : 6114Y
Lendinvest PLC
05 May 2023
LEI: 213800NWMK3O4UWP9N91
5 May 2023
LendInvest plc
Directorate Change
LendInvest plc (AIM: LINV; "LendInvest"), the UK's leading
platform for mortgages, announces that Michael Evans has resigned
from his position as Chief Financial Officer and will leave the
business and his position as executive director on 31 July 2023
(including as executive director of LendInvest Secured Income plc
and LendInvest Secured Income II plc).
Following a comprehensive selection process, assisted by
external advisors, David Broadbent has been selected as successor
to Michael. David will join LendInvest on 9 May 2023 and will work
with Michael to transition responsibilities, with the intention of
succeeding Michael as Chief Financial Officer and joining the Board
as an Executive Director on 31 July 2023.
David has held multiple executive positions throughout his
career in the finance industry, including Chief Financial Officer
and Chief Executive Officer at Fairpoint Group Plc, Finance
Director and Chief Commercial Officer at International Personal
Finance Plc and most recently Chief Financial Officer at Bank
North.
Michael Evans has exercised all of his share options which he is
entitled to exercise under the Company Share Option Plan. A
separate PDMR dealing notification will follow this
announcement.
Rod Lockhart, Chief Executive Officer, commented: "I would like
to sincerely thank Michael for his vital contribution and
dedication to LendInvest over the past five years, a momentous
period for the company that included our IPO in 2021 and transition
to the public markets. We wish him the very best for the
future.
We are delighted to welcome David to the business as we progress
into the next stage of our growth journey and his deep experience
in both the fintech and specialist lending space will be invaluable
to our development and continued success as the UK's leading
platform for mortgages. We are greatly looking forward to working
with him."
Michael Evans commented: "It has been a real privilege to play a
part in the development of LendInvest and to work alongside Rod and
the executive team. I'm very proud of all we have achieved and look
forward to seeing how the company continues to evolve and grow in
the future."
David Broadbent commented: "LendInvest has an exciting future
ahead in the UK mortgage space, having already made great strides
in disruption. I am thrilled to be working with the Board, the
senior management team and all colleagues at LendInvest to support
this continued development in the years to come"
Enquiries:
Rod Lockhart, Chief Executive Officer
Alex Dee, Head of Investor Relations
Leigh Rimmer, Head of External Communications +44 (0)20 7353
investorrelations@lendinvest.com 4200
Panmure Gordon (NOMAD and Joint Broker) +44 (0)20 7886
Atholl Tweedie / Stephen Jones / Tom Scrivens 2500
---------------
finnCap Limited (Joint Broker) Jonny Franklin-Adams +44 (0)20 7220
/ Tim Redfern 0500
---------------
Teneo (Financial PR) +44 (0)20 7353
Tom Murray / Ed Cropley / Olivia Lucas 4200
---------------
Additional information
Summary of Michael Evans' remuneration arrangements on exit
Michael Evans will be treated in accordance with LendInvest's
Directors' Remuneration Policy and the terms of his service
contract. To support the succession and transition process, Michael
will continue to receive his base salary until he leaves
LendInvest. He will be eligible to receive bonuses which will be
determined by the Remuneration Committee based on a combination of
business and individual performance during FY 2023. He will not be
eligible to receive any further LTIP awards.
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 GBP1.7 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 GBP1.7 trillion at the end of Q4 2022.
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