Bonus Share Matching Plan Awards and PDMR updates
18/07/2023 07:18
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RNS Number : 3522G Gresham House PLC 18 July 2023
18 July 2023
Gresham House plc
("Gresham House" or the "Company")
Issue of awards to management under the Company's 2018 Bonus Share Matching
Plan (the "Plan") and PDMR notifications
Gresham House, (AIM: GHE) the specialist alternative asset manager, notifies
that certain members of its management team have elected to defer such amount
of their 2022 bonuses as is permitted by the Company and receive, in exchange
and subject to vesting in accordance with the Plan, ordinary shares of 25
pence each in the capital of the Company ("Ordinary Shares"), pursuant to the
Plan.
The purpose of the Plan is to encourage Gresham House UK employees to invest
in the long-term growth of the Company. Under the Plan and in the ordinary
course, if the Company achieves growth in its mid-market closing share price
equal to 7% per annum compounded growth from the date of award to the vesting
date (which is a condition precedent) and the Company's share price
outperforms the FTSE All Share Index from the date of award to the vesting
date, the participant will receive 100% of the matching share award. Where the
Company's share price does not outperform the FTSE All Share Index, the
participant will receive 50% of the matching share award.
In the event that both of these performance conditions are not met, the
participants will receive, on vesting, only the Ordinary Shares notionally
allocated to them arising from their deferred bonus.
The notifications which follow, made pursuant to Article 19(3) of the Market
Abuse Regulation, provide further details. The awards set out below are in
respect of the gross Ordinary Shares notionally allocated to the relevant PDMR
which arise from the exchange of their deferred bonus, subject to vesting. Any
matching Ordinary Shares due to vest will be issued in accordance with the
Plan. The awards under the Plan in respect of the 2022 bonus year (2022 BSM
Awards) could not have been issued to the PDMRs listed below any earlier due
to dealing restrictions being in place until 17 July 2023.
PDMR Title Award* Resultant shareholding in Gresham House plc*** Resultant percentage shareholding in Gresham House plc***
Anthony Dalwood Chief Executive Officer 13,252 948,555 2.48%
Rupert Robinson** Managing Director, Gresham House Asset Management Limited 13,252 617,347 1.61%
Kevin Acton** Chief Financial Officer 13,252 264,750 0.69%
Samee Khan Chief Legal Officer 3,313 26,530 0.07%
Benjamin Guest Managing Director, New Energy 13,252 1,122,055 2.93%
* Ordinary Shares notionally allocated to the relevant PDMR which arise from
the exchange of their deferred bonus.
** Mr Robinson has previously been reported as holding 580,499 Ordinary Shares
(1.52%). The correct holding, including the aforementioned 2022 BSM Award, is
set out above.
Mr Acton has previously been reported as holding 261,798 Ordinary Shares
(0.68%). The correct holding, including the aforementioned 2022 BSM Award, is
set out above.
Mr Andrew Hampshire, a PDMR who has not participated in the Plan this year but
has participated in the Plan in the past, has previously been reported as
holding 37,399 Ordinary Shares (0.10%). The correct holding is 36,499 Ordinary
Shares (0.10%).
*** Includes Ordinary Shares which arise from the exchange of the PDMR's
deferred bonuses, subject to vesting, and excludes the corresponding matching
Ordinary Shares that vest in accordance with the Plan.
- Ends -
For more information contact:
+44 (0)20 3837 6270
Gresham House plc
Kevin Acton, Chief Financial Officer
gh@houston.co.uk
Houston - media and analysts +44 (0) 204 529 0549
Kay Larsen
Kelsey Traynor
+44 (0)20 7523 8000
Canaccord Genuity Limited - Nominated Adviser and Joint Broker
Bobbie Hilliam
Harry Pardoe
+44 (0)20 7029 8000
Jefferies International Limited - Joint Broker and Financial Adviser
Paul Nicholls
James Umbers
About Gresham House
Gresham House is a specialist alternative asset management group, dedicated to
sustainable investments across a range of strategies, with expertise across
forestry, housing, sustainable infrastructure, renewable energy and battery
storage, public and private equity.
Our origins stretch back to 1857, while our focus is on the future and the
long term. Quoted on the London Stock Exchange (GHE:LN) we actively
manage £8 billion of assets on behalf of institutions, family offices,
charities and endowments, private individuals, and their advisers. We act
responsibly within a culture of empowerment that encourages individual flair
and entrepreneurial thinking.
As a signatory to the UN-supported Principles for Responsible Investment, we
are committed to operating responsibly and sustainably. We believe taking the
long view in delivering sustainable investment solutions will continue to be a
growing factor in the strength of our market positioning.
www.greshamhouse.com (http://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 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 Ordinary Shares of 25p in Gresham House plc.
Identification code
ISIN: GB0003887287
b) Nature of the transaction Award pursuant to the Company's 2018 Bonus Share Matching Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
754.60p 13,252
d) Aggregated information
- Aggregated volume
N/A
- Price
e) Date of the transaction 18 July 2023
f) Place of the transaction Outside trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
18 July 2023
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 Ordinary Shares of 25p in Gresham House plc.
Identification code
ISIN: GB0003887287
b) Nature of the transaction Award pursuant to the Company's 2018 Bonus Share Matching Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
754.60p 13,252
d) Aggregated information
- Aggregated volume
N/A
- Price
e) Date of the transaction 18 July 2023
f) Place of the transaction Outside trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
18 July 2023
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 Ordinary Shares of 25p in Gresham House plc.
Identification code
ISIN: GB0003887287
b) Nature of the transaction Award pursuant to the Company's 2018 Bonus Share Matching Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
754.60p 13,252
d) Aggregated information
- Aggregated volume
N/A
- Price
e) Date of the transaction 18 July 2023
f) Place of the transaction Outside trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
18 July 2023
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 Ordinary Shares of 25p in Gresham House plc.
Identification code
ISIN: GB0003887287
b) Nature of the transaction Award pursuant to the Company's 2018 Bonus Share Matching Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
754.60p 3,313
d) Aggregated information
- Aggregated volume
N/A
- Price
e) Date of the transaction 18 July 2023
f) Place of the transaction Outside trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
18 July 2023
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 Ordinary Shares of 25p in Gresham House plc.
Identification code
ISIN: GB0003887287
b) Nature of the transaction Award pursuant to the Company's 2018 Bonus Share Matching Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
754.60p 13,252
d) Aggregated information
- Aggregated volume
N/A
- Price
e) Date of the transaction 18 July 2023
f) Place of the transaction Outside trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
18 July 2023
f)
Place of the transaction
Outside trading venue
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