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Update regarding LendingClub

9th May 2016 16:44

RNS Number : 7011X
P2P Global Investments PLC
09 May 2016
 

9 May 2016

P2P Global Investments PLC (the "Company")

LendingClub Corporation

The Company notes developments at LendingClub Corporation ("LendingClub"), a US-based Platform through which the Company invests. The Investment Manager is tracking developments at LendingClub carefully. The Company confirms that:

1. it does not participate in LendingClub's "near prime" program, which was the subject of the announcement made by LendingClub today;

2. its purchase of LendingClub loans are restricted to the "prime" program offered by LendingClub; and

3. it has no exposure to LendingClub equity or equity-linked securities.

MW Eaglewood Europe LLP +44 (0)20 7316 2280

Simon Champ

Liberum Capital Limited +44(0)20 3100 2000

Tom Fyson

 

J.P. Morgan Cazenove +44 (0)20 7742 4000

William Simmonds

 

Media enquiries:

Boscobel & Partners +44(0)203 642 1310

George Trefgarne

The content of the Company's web-pages and the content of any website or pages which may be accessed through hyperlinks on the Company's web-pages other than the content of the Presentation referred to above, is neither incorporated into nor forms part of the above announcement.

 

END OF ANNOUNCEMENT

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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