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REG - Gateley (Holdings) - New Share Award Plan, Grant of Options and TVR

Gateley (Holdings)Announcement

28/04/2022 13:00

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RNS Number : 7393J Gateley (Holdings) PLC 28 April 2022

28 April 2022

GATELEY (HOLDINGS) PLC

("Gateley" or the "Group" or the "Company")

(AIM: GTLY)

INTRODUCTION OF NEW SHARE AWARD PLAN, GRANT OF SHARE OPTIONS

AND TOTAL VOTING RIGHTS

Gateley, the legal and professional services group, is pleased to announce the
introduction of a new Restricted Share Award Plan ("RSA") and also awards
under the existing Long Term Incentive Plan ("LTIP").

The RSA forms part of the Group's retention and incentivisation policy for
emerging senior talent. It supports long-term share ownership for people who
are promoted to Partner or Partner-equivalent roles. It is a continuation of
the Board's strategy to differentiate the position of a Partner or equivalent
at Gateley from that of a Partner in traditionally structured professional
services businesses.

The Board is committed to providing its people with the opportunity to own
shares in the Company. Such share ownership promotes strong alignment with the
Group's external shareholders, incentivises employees and is reflective of
Gateley's long-established culture. At least 75% of current staff are
existing share or option holders in the Group.

The awards, which vest on receipt, are made when an individual is promoted to
Partner or an equivalent position. Awards are subject to a five-year
non-dealing restriction and are forfeited should employment be terminated
within that period.

In addition, on inception of the RSA, the Board has made one-off awards to
people who were non-equity Partners at the date of Gateley's IPO in June 2015
and have been promoted to Partner or Partner-equivalent since then.

The Board also announces today LTIP awards to certain Executive Directors and
Senior Management over up to 1,115,000 Ordinary Shares of 10 pence each in the
Company ("Ordinary Shares"). Awards under the LTIP vest at the end of a
three-year period, dependent upon the achievement of profit related
performance conditions and continuous employment. Details of these
performance conditions can be found in the Group's annual report.

Issue of new Ordinary Shares and total voting rights

The Board has agreed to issue 1,422,560 Ordinary Shares to the Gateley
Employee Benefit Trust ("the EBT") for the onward allocation to recipients of
the RSA awards.

In addition, the Board announces the issue and allotment of 55,000 Ordinary
Shares to the EBT for allocation to staff in Gateley Smithers Purslow.

Application will be made to the London Stock Exchange for the 1,477,560 new
Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected
that Admission will take place at 8.00am on 5 May 2022.

The new Ordinary Shares will rank pari passu with the existing Ordinary Shares
in issue. Following Admission, Gateley's total issued share capital will
comprise 124,556,879 Ordinary Shares. This number may be used by shareholders
in Gateley as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in, the share capital of Gateley under the FCA's Disclosure
Guidance and Transparency Rules.

Rod Waldie, Gateley Chief Executive Officer, said:

"The creation of wider share ownership across all levels of staff within the
Group was one of our original goals when we became a public company in 2015.
Our people are the bedrock on which the successful growth of the Group has
been founded and they lie at the heart of our future growth ambitions. The
Plan is an important part of our strategy to incentivise and retain our
emerging senior talent."

Enquiries:

Gateley (Holdings) Plc
Neil Smith, Finance Director Tel: +44 (0) 121 234 0196
Nick Smith, Acquisitions Director and Head of Investor Relations Tel: +44 (0) 20 7653 1665
Cara Zachariou, Head of Corporate Communications Tel: +44 (0) 121 234 0074 Mob: +44 (0) 7703 684 946

Liberum - Nominated Adviser and Broker

Richard Lindley/Ben Cryer/Cara Murphy Tel: +44 (0) 20 3100 2000

Belvedere Communications Limited - Financial PR
Cat Valentine Mob: +44 (0) 7715 769 078
Keeley Clarke Mob: +44 (0) 7967 816 525
Llew Angus Mob: +44 (0) 7407 023 147
gateleypr@belvederepr.com (mailto:gateleypr@belvederepr.com)

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
596/2014
1 Details of the person discharging managerial responsibilities/person closely
associated
a. Name Richard Healey
2 Reason for notification
a. Position/Status Member of Strategic Board
b. Initial notification/ Initial Notification

Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a. Name Gateley (Holdings) Plc
b. LEI 213800WZGNN7U6LEUM62
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 Issue of LTIP Options over ordinary shares of 10p each in the capital of

Gateley (Holdings) Plc

Identification Code

ISIN: GB00BXB07J71
b. Nature of the transaction Award of LTIP options under LTIP scheme
c. Price(s) and volume(s)
Price(s) Volume(s)
£54,375 25,000
d. Aggregated information

- Aggregated Volume N/a