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

Leigh Rimmer, Head of External Communications

investorrelations@lendinvest.com

+44 (0)20 7353 4200

Panmure Gordon (NOMAD and Joint Broker) 

Atholl Tweedie / Stephen Jones / Tom Scrivens / David Watkins

+44 (0)20 7886 2500

finnCap (Joint Broker)   

Jonny Franklin-Adams / Tim Redfern

+44 (0)20 7220 0500

Teneo (Financial PR)  

Tom Murray / Ed Cropley / Olivia Lucas

  +44 (0)20 7353 4200

 

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 | @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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