PDMR Exercise & Long Term Incentive Scheme Awards

RNS Number : 9532H

Gresham House PLC

11 April 2022

 

11 April 2022

Gresham House plc

("Gresham House" or the "Company")

Director/PDMR Exercise & Long Term Incentive Scheme Awards 

Gresham House announces that its wholly-owned subsidiary Gresham House Holdings Limited ("GHHL") has, pursuant to the long term incentive plan approved by the Company's shareholders at the General Meeting of Gresham House held on 20 November 2015 ("2016 LTIP"), received requests from three PDMRs   to exercise their put options over the GHHL shares listed below ("Put Options"), following satisfaction of both the Hurdle Condition and the Performance Condition set out in the Company's announcement dated 23 December 2019.

Following the exercise of the Put Options, the Directors/PDMRs listed below retain significant share-based long-term incentives in the Company.

Director/PDMR  Title    Put Options  

Andrew Hampshire  Chief Operating Officer  60 GHHL D Shares

Kevin Acton  Chief Financial Officer  60 GHHL D Shares

Samee Khan  Chief Legal Officer  60 GHHL D Shares

The Put Options were satisfied in accordance with the provisions of the 2016 LTIP by the Company repurchasing the total of 180 GHHL D Shares from Mr Hampshire, Mr Acton and Mr Khan respectively.

Vesting of 2018 Performance Share Plan ("PSP") awards and PDMR Shareholding

Following the vesting of the PSP awards previously announced on 25 July 2019, Mr Khan has exercised nil cost options over a gross number of 29,226 ordinary shares of 25 pence each in the capital of the Company ("Ordinary Shares"). The net number of Ordinary Shares that will be transferred by the Gresham House plc Employee Benefit Trust to Mr Khan, after adjustment for taxes, is 15,687 Ordinary Shares.

Following the exercise, Mr Khan will beneficially hold 23,217 Ordinary Shares in the Company, equating to 0.06% of the Company's issued share capital.

Save as You Earn Scheme ("SAYE") PDMR Notifications

The Company further announces that, on 7 April 2022, SAYE options over 138,422 Ordinary Shares were granted to eligible employees of the Company at a price of 665.6 pence per Ordinary Share.

The right to acquire the Ordinary Shares over which the SAYE options have been granted, is conditional upon the employees' continued employment on 1 June 2025.

Approximately 62% of eligible employees have elected to participate in the SAYE overall.

Pursuant to the SAYE, the following PDMRs have been granted, in aggregate in 2022, SAYE options over 13,520 Ordinary Shares as listed below:

Director/PDMR	Title	SAYE options granted
Anthony Dalwood	Chief Executive Officer	2,704
Kevin Acton	Chief Financial Officer	2,704
Rupert Robinson	Managing Director, Gresham House Asset Management Limited	2,704
Andrew Hampshire	Chief Operating Officer and Chief Technology Officer	2,704
Benjamin Guest	Managing Director, New Energy	2,704

- Ends -

For more information contact:
Gresham House plc    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	Andrew Hampshire
2	Reason for the notification
a)	Position/status	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	Gresham House Holdings Limited
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	60 D Ordinary Shares in Gresham House Holdings Limited (a wholly owned subsidiary of Gresham House plc), the value of which is derived from the increase in value of the ordinary shares in Gresham House plc. IDENTIFICATION CODE FOR GRESHAM HOUSE PLC ORDINARY SHARES GB0003887278
b)	Nature of the transaction	Employee Share Scheme - exercise of put options
c)	Price(s) and volume(s)	Price(s) Volume(s) £11,701.34 60
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	8 April 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 Holdings Limited
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	60 D Ordinary Shares in Gresham House Holdings Limited (a wholly owned subsidiary of Gresham House plc), the value of which is derived from the increase in value of the ordinary shares in Gresham House plc. IDENTIFICATION CODE FOR GRESHAM HOUSE PLC ORDINARY SHARES GB0003887278
b)	Nature of the transaction	Employee Share Scheme - exercise of put options
c)	Price(s) and volume(s)	Price(s) Volume(s) £11,701.34 60
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	8 April 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 Holdings Limited
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	60 D Ordinary Shares in Gresham House Holdings Limited (a wholly owned subsidiary of Gresham House plc), the value of which is derived from the increase in value of the ordinary shares in Gresham House plc. IDENTIFICATION CODE FOR GRESHAM HOUSE PLC ORDINARY SHARES GB0003887278
b)	Nature of the transaction	Employee Share Scheme - exercise of put options
c)	Price(s) and volume(s)	Price(s) Volume(s)  11,701.34 60
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	8 April 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 and exercise of award under the 2018 Performance Share Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) 513p 29,226 gross shares
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	8 April 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	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	Grant of Save-As-You-Earn Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 665.6p 2,704
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	7 April 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	Grant of Save-As-You-Earn Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 665.6p 2,704
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	7 April 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	Grant of Save-As-You-Earn Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 665.6p 2,704
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	7 April 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	Grant of Save-As-You-Earn Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 665.6p 2,704
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	7 April 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	Grant of Save-As-You-Earn Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 665.6p 2,704
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	7 April 2022
f)	Place of the transaction	Outside Trading Venue

 

END

 

 

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