Investment by management into Company shares

RNS Number : 6419T

Gresham House PLC

22 March 2019

 

Gresham House Plc

("Gresham House" or the "Company")

Investment by Management into Ordinary Shares of the Company

Gresham House, the specialist alternative asset manager, announces that certain directors and employees have elected to invest and defer up to the maximum amount permitted of their 2018 bonus award into ordinary shares in the Company (the "Ordinary Shares") pursuant to the Company's Bonus Share Matching Plan (the "Plan").

The purpose of the Plan is to encourage Gresham House employees to invest in the long-term growth of the Company. Under the Plan, equal portions of any award are subject to achieving 7 per cent. compound annual growth rate in total shareholder return and out-performing the FTSE All Share Index from the date of deferral. In the event that this performance condition is not met, the participants of the Plan will receive only the ordinary shares acquired with the deferred bonus.

Further details of the Plan are set out at page 91 of the 2018 annual report, which can be found on the Company's website, www.greshamhouse.com.

Application has been made for the admission to trading on AIM ("Admission") for 107,225 Ordinary Shares issued under the Plan at a price of 445.33p per Ordinary Share, which equates to the average of the mid-market closing price over the ten trading days prior to Award as set out in as set out in the terms of the Plan. The new Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares of the Company. Admission of the new Ordinary Shares is expected on 27 March 2019.

Following Admission, the Company's issued share capital will comprise 24,989,570 Ordinary Shares, which figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules. The Company does not hold any shares in treasury.

The notifications which follow, made pursuant to Article 19(3) of the Market Abuse Regulation, provide further details. The dealings set out below are in respect of the initial shares purchased by the relevant Person Discharging Managerial Responsibilities ("PDMR"). Any matching shares due to be issued will be issued upon the satisfaction of the conditions set out above.

- Ends -

For more information contact:

Gresham House plc John-Paul Preston, Company Secretary	[phone]
Montfort Communications Olly Scott	[e-mail] [phone]
Canaccord Genuity Limited - Nominated Adviser and Joint Broker Bobbie Hilliam	[phone]
Jefferies International Limited - Financial Adviser and Joint Broker Paul Nicholls Max Jones Chris Binks	[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. 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	CEO
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	Buy
c)	Price(s) and volume(s)	Price(s) Volume(s) 445.33p 45472
d)	Aggregated information Aggregated volume Price	N/A
e)	Date of the transaction	21 March 2019
f)	Place of the transaction	London Stock Exchange, AIM

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	MD, 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	Buy
c)	Price(s) and volume(s)	Price(s) Volume(s) 445.33p 12351
d)	Aggregated information Aggregated volume Price	N/A
e)	Date of the transaction	21 March 2019
f)	Place of the transaction	London Stock Exchange, AIM

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	Finance Director
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	Buy
c)	Price(s) and volume(s)	Price(s) Volume(s) 445.33p 6737
d)	Aggregated information Aggregated volume Price	N/A
e)	Date of the transaction	21 March 2019
f)	Place of the transaction	London Stock Exchange, AIM

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	John-Paul Preston
2	Reason for the notification
a)	Position/status	Head of Corporate Advisory & 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	Buy
c)	Price(s) and volume(s)	Price(s) Volume(s) 445.33p 44911
d)	Aggregated information Aggregated volume Price	N/A
e)	Date of the transaction	21 March 2019
f)	Place of the transaction	London Stock Exchange, AIM

 

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