Vesting of 2018 Performance Share Plan awards

RNS Number : 1913A

Gresham House PLC

21 September 2022

 

21 September 2022

Gresham House plc

("Gresham House" or the "Company")

Vesting of 2018 Performance Share Plan ("PSP") awards

Gresham House, (AIM: GHE) the specialist alternative asset manager, announces that PSP awards in respect of 274,728 ordinary shares of 25 pence each in the capital of the Company ("Ordinary Shares"), vested on 19 September 2022 pursuant to the PSP and following satisfaction of the performance conditions set out in the Company's announcement dated 12 December 2019, have been exercised by the PDMRs listed below on 20 September 2022.

The Company's Board of Directors determined that the PSP awards were to be satisfied in cash, net of all applicable taxes, in accordance with the provisions of the PSP and in the interests of minimising dilution to shareholders.

Following the exercise of the PSP awards, the PDMRs listed below retain significant share-based long-term incentives in the Company.

PDMR	Title	Vested PSP awards
Anthony Dalwood	Chief Executive Officer	68,943
Rupert Robinson	Managing Director, Gresham House Asset Management Limited	60,670
Kevin Acton	Chief Financial Officer	55,154
Andrew Hampshire	Chief Operating Officer and Chief Technology Officer	44,177
Samee Khan	Chief Legal Officer	45,784

- Ends -

For more information contact: Gresham House plc Kevin Acton, Chief Financial Officer	[phone]
Houston PR Kate Hoare Alexander Clelland Anushka Mathew	[e-mail] [phone]
Canaccord Genuity Limited - Nominated Adviser and Joint Broker Bobbie Hilliam Georgina McCooke	[phone]
Jefferies International Limited - Financial Adviser and Joint Broker Paul Nicholls Max Jones	[phone]

About Gresham House

Gresham House plc is an AIM quoted specialist asset manager providing funds, direct investments and tailored investment solutions, including co-investment across a range of highly differentiated alternative investment strategies. Our expertise includes timber, renewable energy, housing and infrastructure, strategic public and private equity (private assets). The group aims to deliver sustainable financial returns and is committed to building long-term partnerships with clients (institutions, family offices, high-net-worth individuals, charities and endowments and private individuals) to help them achieve their financial goals.

Shareholder value creation will be driven by long-term growth in earnings as a result of increasing AUM and returns from invested capital.

www.greshamhouse.com

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Anthony Dalwood
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Gresham House plc
b)	LEI	N/A
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 25p in Gresham House plc. ISIN: GB0003887287
b)	Nature of the transaction	Vesting of award under the 2018 Performance Share Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) 797.5p 68,943
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	20 September 2022
f)	Place of the transaction	Outside Trading Venue

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Rupert Robinson
2	Reason for the notification
a)	Position/status	Managing Director, Gresham House Asset Management Limited
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Gresham House plc
b)	LEI	N/A
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 25p in Gresham House plc. ISIN: GB0003887287
b)	Nature of the transaction	Vesting of award under the 2018 Performance Share Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) 797.5p 60,670
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	20 September 2022
f)	Place of the transaction	Outside Trading Venue

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Kevin Acton
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Gresham House plc
b)	LEI	N/A
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 25p in Gresham House plc. ISIN: GB0003887287
b)	Nature of the transaction	Vesting of award under the Bonus Share Matching Plan 2018 and Performance Share Plan 2018
c)	Price(s) and volume(s)	Price(s) Volume(s) 797.5p 55,154
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	20 September 2022
f)	Place of the transaction	Outside Trading Venue

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Andrew Hampshire
2	Reason for the notification
a)	Position/status	Chief Operating Officer and Chief Technology Officer
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Gresham House plc
b)	LEI	N/A
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 25p in Gresham House plc. ISIN: GB0003887287
b)	Nature of the transaction	Vesting of award under the 2018 Performance Share Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) 797.5p 44,177
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	20 September 2022
f)	Place of the transaction	Outside Trading Venue

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Samee Khan
2	Reason for the notification
a)	Position/status	Chief Legal Officer
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Gresham House plc
b)	LEI	N/A
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 25p in Gresham House plc. ISIN: GB0003887287
b)	Nature of the transaction	Vesting of award under the 2018 Performance Share Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) 797.5p 45,784
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	20 September 2022
f)	Place of the transaction	Outside Trading Venue

 

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