Director/PDMR Shareholding

Liontrust Asset Management PLC

22 June 2023

 

LEI: 549300XVXU6S7PLCL855

For immediate release

22 June 2023

Liontrust Asset Management Plc

("Liontrust" or the "Company")

Notification of transactions of persons discharging managerial responsibilities ("PDMR")

Grant of LTIP Options

Liontrust announces that on 22 June 2023 it granted awards of nil price options ("Options") over the Company's ordinary shares of 1p each ("Shares") to John Ions, Chief Executive, and Vinay Abrol, Chief Financial Officer and Chief Operating Officer. John Ions and Vinay Abrol are both PDMRs. The details of the Options granted are as follows:

PDMR	Number of Options
John Ions	153,130
Vinay Abrol	112,295

The Options are granted in accordance with the rules of the Company's Long Term Incentive Plan for its Executive Directors and are subject to stretching performance targets based on total shareholder return and earnings per share. The performance period will be from 1 April 2023 to 31 March 2026. The performance measures are:

(i)            Diluted adjusted earnings (excluding performance fees) per share (60%)

Starting EPS (Diluted Adjusted EPS excluding performance fees): 100.98p for the financial year ending 31 March 2023. End of the performance period is the financial year ending 31 March 2026.

Performance will be assessed against the following targets:

EPS growth p.a.	Vesting (% of maximum)
Entry level performance: 8.5%	10%
Target performance: 11%	50%
Stretch performance: 16.75%	100%

There will be straight line vesting between performance level thresholds. NIL vesting for performance below entry level.

(ii)           Relative TSR growth versus FTSE250 ex-IT (40%)

Performance will be assessed against the performance of the constituents of the FTSE250 index. Performance will be assessed against the following targets:

Relative TSR growth versus FTSE250	Vesting (% of maximum)
Entry level performance: median performance	10%
Stretch performance: upper quintile performance	100%

There will be straight line vesting between entry level and stretch performance. NIL vesting for performance below entry level.

Subject to the achievement of these targets and the PDMRs remaining in employment with the Company, the Options will vest three years after the date of grant. A holding period of two years from the date of vesting will apply to the Options and any Shares acquired pursuant to them, subject to the participant being permitted to sell Shares to cover any tax liabilities arising on exercise of an Option.

Formal notifications in respect of the PDMRs are set out below in accordance with the requirements of the Market Abuse Regulation.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Ions
2	Reason for the notification
a)	Position/status	PDMR (Chief Executive)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Liontrust Asset Management Plc
b)	LEI	549300XVXU6S7PLCL855
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	Ordinary shares of 1p each
	Identification code	GB0007388407
b)	Nature of the transaction	Grant of nil price options under the Liontrust Long Term Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	153,130
d)	Aggregated information
	- Aggregated volume	Not applicable
	- Price
e)	Date of the transaction	22 June 2023
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Vinay Abrol
2	Reason for the notification
a)	Position/status	PDMR (Chief Financial Officer and Chief Operating Officer)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Liontrust Asset Management Plc
b)	LEI	549300XVXU6S7PLCL855
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	Ordinary shares of 1p each
	Identification code	GB0007388407
b)	Nature of the transaction	Grant of nil price options under the Liontrust Long Term Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	112,295
d)	Aggregated information
	- Aggregated volume	Not applicable
	- Price
e)	Date of the transaction	22 June 2023
f)	Place of the transaction	Outside a trading venue

For further information please contact:

Teneo (Tel: [phone], Email: [e-mail])

Tom Murray or Stephanie Mackrell

Liontrust Asset Management Plc (Tel: [phone], Website: liontrust.co.uk)

John Ions: Chief Executive

Vinay Abrol: Chief Financial Officer & Chief Operating Officer

Simon Hildrey: Chief Marketing Officer

David Boyle: Head of Corporate Development

Singer Capital Markets (Tel: [phone])

Corporate Broking: Tom Salvesen

Corporate Finance: Justin McKeegan

Panmure Gordon (Tel: [phone])

Corporate Broking: David Watkins

Corporate Advisory: Atholl Tweedie

 

END