PDMR update

RNS Number : 2670F

Gresham House PLC

18 March 2022

 

18 March 2022

Gresham House plc

("Gresham House" or the "Company")

PDMR Dealing

Grant of share awards to PDMR and certain employees

Gresham House (AIM: GHE), the specialist alternative asset manager ,   announces that on 15 March 2022,   awards relating to ordinary shares in the capital of Residential Secure Income plc and held by the Company's wholly-owned subsidiary, Gresham House Holdings Limited, were granted under the Company's Housing Long Term Incentive Plan (the "Plan") to Alejandro Pilato, a PDMR of the Company.  Mr Pilato has been allocated 79.5% of the Plan pool with the remaining 20.5% of the Plan pool granted to two selected employees of the Company.

The awards are made further to the acquisition of TradeRisks Limited by the Company, subject to the achievement of certain performance criteria, as announced on 5 March 2020.

In summary the Plan pool is calculated based on growth and performance targets for the Company's Housing investment strategy over a three-year performance period commencing 5 March 2020. In the event the targets are achieved, subject to the terms of the Plan, the awards shall vest which the Company can either satisfy in cash, or with an equivalent value of Residential Secure Income plc shares already held by Gresham House Holdings Limited.

The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.

- 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	Alejandro Pilato
2	Reason for the notification
a)	Position/status	PDMR
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 0.01p in Residential Secure Income plc held by Gresham House Holdings Limited ISIN: GB00BYSX1508
b)	Nature of the transaction	Award pursuant to the Company's Housing Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil N/A
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	15 March 2022
f)	Place of the transaction	Outside trading venue

 

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