2018 Bonus Share Matching Plan and PDMR updates

RNS Number : 8932E

Gresham House PLC

16 March 2022

 

16 March 2022 

Gresham House plc

("Gresham House" or the "Company")

Issue of awards to management and certain employees under the Company's 2018 Bonus Share Matching Plan (the "Plan") and PDMR notifications

Gresham House, (AIM: GHE) the specialist alternative asset manager, notifies that certain members of its management team and employees have elected to defer such amount of their 2021 bonuses as is permitted by the Company and receive, in exchange and subject to vesting, ordinary shares of 25 pence each in the capital of the Company ("Ordinary Shares"), pursuant to the Plan.

The purpose of the Plan is to encourage Gresham House UK employees to invest in the long-term growth of the Company and approximately 40% of all eligible UK employees participated in the Plan this year. Under the Plan, equal portions of any award are subject to the Ordinary Shares achieving a 7% compound annual growth rate and out-performing the FTSE All Share Index, measured over the period from the date of award to the date of vesting of the award. In the event that these performance conditions are not met, the participants will receive, on vesting, only the Ordinary Shares notionally allocated to them arising from their deferred bonus.

The notifications which follow, made pursuant to Article 19(3) of the Market Abuse Regulation, provide further details. The awards set out below are in respect of the Ordinary Shares notionally allocated to the relevant PDMR which arise from the exchange of their deferred bonus, subject to vesting. Any matching Ordinary Shares due to vest will be issued in accordance with the Plan and upon the satisfaction of the conditions set out above.

PDMR	Title	Award*
Anthony Dalwood	Chief Executive Officer	11,372
Rupert Robinson	Managing Director, Gresham House Asset Management Limited	11,372
Kevin Acton	Chief Financial Officer	11,372
Andrew Hampshire	Chief Operating Officer and Chief Technology Officer	11,372
Samee Khan	Chief Legal Officer	5,686
Benjamin Guest	Managing Director, New Energy	11,372
Heather Fleming	Managing Director Institutional Business	5,686
Bevan Duncan	Managing Director, Strategic Equity	19,902

* Ordinary Shares notionally allocated to the relevant PDMR which arise from the exchange of their deferred bonus .

- Ends -

For more information contact:
Gresham House plc    Tony Dalwood, Chief Executive Officer  Kevin Acton, Chief Financial Officer	[phone]
Houston - media and analysts    Kay Larsen Joe Burgess	[e-mail]  [phone]
Canaccord Genuity Limited - Nominated Adviser and Joint Broker    Bobbie Hilliam  Georgina McCooke	[phone]
Jefferies International Limited - Joint Broker and Financial Adviser  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	Award pursuant to the Company's 2018 Bonus Share Matching Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) 879.30p 11,372
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	15 March 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	Award pursuant to the Company's 2018 Bonus Share Matching Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) 879.30p 11,372
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	15 March 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	Award pursuant to the Company's 2018 Bonus Share Matching Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) 879.30p 11,372
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	15 March 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	Award pursuant to the Company's 2018 Bonus Share Matching Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) 879.30p 11,372
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	15 March 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	Award pursuant to the Company's 2018 Bonus Share Matching Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) 879.30p 5,686
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	15 March 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	Benjamin Guest
2	Reason for the notification
a)	Position/status	Managing Director, New Energy
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	Award pursuant to the Company's 2018 Bonus Share Matching Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) 879.30p 11,372
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	15 March 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	Heather Fleming
2	Reason for the notification
a)	Position/status	Managing Director Institutional Business
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	Award pursuant to the Company's 2018 Bonus Share Matching Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) 879.30p 5,686
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	15 March 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	Bevan Duncan
2	Reason for the notification
a)	Position/status	Managing Director, Strategic Equity
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	Award pursuant to the Company's 2018 Bonus Share Matching Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) 879.30p 19,902
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	15 March 2022
f)	Place of the transaction	Outside trading venue

 

END

 

 

MSCFLFSAVEIELIF