Funding Circle Plc: Director and PDMR Shareholding Changes

On May 17, 2024, Funding Circle Holdings plc disclosed the issuance of restricted share awards to two key Persons Discharging Managerial Responsibilities (PDMRs) under its 2018 Long Term Incentive Plan, as detailed in the company's recent regulatory announcement. According to the announcement, Lisa Jacobs, the Chief Executive Officer, and Oliver White, the Chief Financial Officer, received considerable share options at no cost. These options will vest over a three-year period and subsequently require a two-year holding term, reflecting the company’s long-term commitment to aligning executive incentives with shareholder interests.

Specifically, Lisa Jacobs was awarded 1,006,191 shares, and Oliver White received 736,521 shares. These share awards were granted on May 16, 2024, and took place on the London Stock Exchange as part of the company's ongoing governance under its remuneration policy. The announcement reaffirms Funding Circle's structured approach towards compensating its senior management, rewarding the executives for their contributions towards the company's strategic goals.