TIDMLINV
RNS Number : 3720U
Lendinvest PLC
22 November 2023
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY OTHER
JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.
LEI: 213800NWMK3O4UWP9N91
22 November 2023
LendInvest plc
Announcement of Fifth Securitisation Transaction
LendInvest plc (LSE: LINV, " LendInvest " ), a leading platform
for mortgages and the ultimate holding company of LendInvest BTL
Limited, today announces that LendInvest BTL Limited has priced the
group's fifth securitisation of GBP410 million of UK prime
Buy-to-Let mortgage loans in an oversubscribed Residential Mortgage
Backed Security (RMBS) transaction.
The transaction is expected to close on 29th November 2023, and
upon closing total Funds under Management (FuM) will increase to
GBP4.2 billion.
National Australia Bank and Lloyds acted as Joint Arrangers.
Barclays, Citi, HSBC, Lloyds, National Australia Bank Limited,
Wells Fargo Securities acted as Joint Lead Managers
Rod Lockhart, Chief Executive Officer of LendInvest, said: "
We're pleased to have priced LendInvest's fifth and largest
securitisation transaction to date, which has drawn significant
appetite from investors even during challenging market conditions,
demonstrating the continued attractiveness of the asset class.
"LendInvest continues to leverage its technology platform to
provide disruptive solutions in the mortgage market, giving us a
competitive edge with brokers and borrowers and helping us to
continue to attract diverse sources of capital."
Enquiries:
LendInvest via Teneo +44 (0)20 7353 4200
Rod Lockhart, Chief Executive Officer
David Broadbent, Chief Financial Officer
Hugo Davies, Chief Capital Officer
Leigh Rimmer, Head of Communications
investorrelations@lendinvest.com
Panmure Gordon (NOMAD and Joint Broker) +44 (0)20 7886 2500
Atholl Tweedie
David Watkins
Cavendish (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
Important Notices
The information contained in this announcement is for
information purposes only. This announcement has been prepared in
accordance with English law, the UK Market Abuse Regulation and the
AIM Rules for Companies and information disclosed may not be the
same as that which would have been prepared in accordance with the
laws of jurisdictions outside England.
Subject to the requirements of the UK Market Abuse Regulation
and the AIM Rules for Companies, the delivery of this announcement
shall not create any implication that there has been no change in
the affairs of LendInvest or any group company since the date of
this announcement or that the information in this announcement is
correct as at any time subsequent to its date.
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 and members of its group
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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