Performance Share Plan Awards

RNS Number : 5872W

Gresham House PLC

12 December 2019

 

12 December 2019

Gresham House plc

("Gresham House" or the "Company")

Performance Share Plan Awards
("LTIP Options")

Gresham House today announces that on 9 December 2019, pursuant to the rules of the Gresham House plc Performance Share Plan 2018 ("PSP"), the Company awarded the PDMRs listed below, in aggregate, nil-cost options over 274,728 ordinary shares in the capital of the Company ("Ordinary Shares") based on a price of 560.25p, being the average closing price of the Ordinary Shares over the ten trading days prior to 19 September 2019 (the "Award Date").

PDMR	Position	Number of LTIP Options granted	Total subsequent number of LTIP Options held
Anthony Dalwood	Chief Executive	68,943	177,377
Rupert Robinson	Managing Director	60,670	161,875
Kevin Acton	Finance Director	55,154	122,624
Samee Khan	General Counsel	45,784	75,010
Andrew Hampshire	Chief Operating Officer	44,177	69,479

The above awards will vest on the third anniversary of the Award Date (18 September 2022) subject to the PDMRs remaining employees of the Company and satisfying the following performance conditions:

·    50% of each award will vest if the mid-market closing share price of the Company outperforms the FTSE All Share Price Index over the period from 19 September 2019 to 18 September 2022; and

·    50% of each award will vest on satisfaction of either of the following two conditions:

o   if, over the period from 19 September 2019 to 18 September 2022, there has been greater than or equal to 7 per cent per annum compound growth in the mid-market closing share price of the Company; or

o   if there has been greater than or equal to 7 per cent per annum compound growth in adjusted earnings per share of the Company from the year ending 30 June 2019 to the year ending 30 June 2022.

Following the end of the vesting period and satisfaction of the relevant performance conditions, the award holder can exercise the LTIP Options and acquire Ordinary Shares for nil cost, subject to the payment of any applicable taxes. 

- Ends -

For more information contact: Gresham House plc Kevin Acton, Finance Director	[phone]
Houston PR Kate Hoare Alexander Clelland Anushka Mathew	[e-mail] [phone]
Canaccord Genuity Limited - Nominated Adviser and Joint Broker Bobbie Hilliam Georgina McCooke	[phone]
Jefferies International Limited - Financial Adviser and Joint Broker 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
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	213800JYVCBZZHBFEL28
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 in Gresham House plc. IDENTIFICATION CODE FOR GRESHAM HOUSE PLC ORDINARY SHARES GB0003887278
b)	Nature of the transaction	Performance Share Plan Award
c)	Price(s) and volume(s)	Price(s) Volume(s) 0p 68,943
d)	Aggregated information -      Aggregated volume -      Price	N/A - Single Transaction
e)	Date of the transaction	09/12/2019
f)	Place of the transaction	London Stock Exchange, AIM

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
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	213800JYVCBZZHBFEL28
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 in Gresham House plc. IDENTIFICATION CODE FOR GRESHAM HOUSE PLC ORDINARY SHARES GB0003887278
b)	Nature of the transaction	Performance Share Plan Award
c)	Price(s) and volume(s)	Price(s) Volume(s) 0p 60,670
d)	Aggregated information -      Aggregated volume -      Price	N/A - Single Transaction
e)	Date of the transaction	09/12/2019
f)	Place of the transaction	London Stock Exchange, AIM

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	213800JYVCBZZHBFEL28
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 in Gresham House plc IDENTIFICATION CODE FOR GRESHAM HOUSE PLC ORDINARY SHARES GB0003887278
b)	Nature of the transaction	Performance Share Plan Award
c)	Price(s) and volume(s)	Price(s) Volume(s) 0p 55,154
d)	Aggregated information -      Aggregated volume -      Price	N/A - Single Transaction
e)	Date of the transaction	09/12/2019
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Samee Khan
2	Reason for the notification
a)	Position/status	General Counsel
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	213800JYVCBZZHBFEL28
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 in Gresham House plc. IDENTIFICATION CODE FOR GRESHAM HOUSE PLC ORDINARY SHARES GB0003887278
b)	Nature of the transaction	Performance Share Plan Award
c)	Price(s) and volume(s)	Price(s) Volume(s) 0p 45,784
d)	Aggregated information -      Aggregated volume -      Price	N/A - Single Transaction
e)	Date of the transaction	09/12/2019
f)	Place of the transaction	London Stock Exchange, AIM

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 plc
b)	LEI	213800JYVCBZZHBFEL28
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 in Gresham House plc. IDENTIFICATION CODE FOR GRESHAM HOUSE PLC ORDINARY SHARES GB0003887278
b)	Nature of the transaction	Performance Share Plan Award
c)	Price(s) and volume(s)	Price(s) Volume(s) 0p 44,177
d)	Aggregated information -      Aggregated volume -      Price	N/A - Single Transaction
e)	Date of the transaction	09/12/2019
f)	Place of the transaction	London Stock Exchange, AIM

 

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