REG - Gresham House PLC - 2018 Bonus Share Matching Plan & PDMR Updates

Gresham HouseAnnouncement

04/02/2021 15:45

RNS Number : 0620O
  
Gresham House PLC
  
04 February 2021
  
 

4 February 2021          
 
 
Gresham House plc
 
("Gresham House" or the "Company")
 
 
Issue of awards to management and certain employees 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 and employees have elected to defer such amount of their 2020 bonuses  as is permitted by the Company and receive, in exchange and subject to vesting, 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 employees to invest in the long-term growth of the Company and approximately 50% of all employees participated in the Plan this year. Under the Plan, equal portions of any award are subject to the Ordinary Shares achieving a 7% compound annual growth rate and out-performing the FTSE All Share Index, measured over the period from the date of award to the date of vesting of the award. In the event that 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 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 and upon the satisfaction of the conditions set out above.
 
 




PDMR


Title


Award*




Anthony Dalwood


Chief Executive Officer


12,296




Rupert Robinson


Managing Director, Gresham House Asset Management Limited


12,296




Kevin Acton


Chief Financial Officer


12,296




Andrew Hampshire


Chief Operating Officer and Chief Technology Officer


6,148




Samee Khan


Chief Legal Officer


1,844




Benjamin Guest


Managing Director, New Energy


12,296




Heather Fleming


Head of Institutional Sales


6,148




Oliver Hughes


Managing Director, Forestry


1,217




Bevan Duncan


Managing Director, Strategic Equity


2,951




 
* Ordinary Shares notionally allocated to the relevant PDMR which arise from the exchange of their deferred bonus.
- Ends -
 




For more information contact:
Gresham House plc
Kevin Acton, Chief Financial Officer
 


 
+44 (0)20 3837 6271
 




Houston
Alexander Clelland
Anushka Mathew
 


gh@houston.co.uk
+44 (0)204 529 0549




Canaccord Genuity Limited - Nominated Adviser and Joint Broker
Bobbie Hilliam
Georgina McCooke
 


+44 (0)20 7523 8000




Jefferies International Limited - Financial Adviser and Joint Broker
Paul Nicholls
Max Jones


+44 (0)20 7029 8000




 
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 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
 


Award pursuant to the Company's 2018 Bonus Share Matching Plan




c)


Price(s) and volume(s)
 


 




Price(s)


Volume(s)




813.25p


12,296




 
 
 




d)


Aggregated information
 
-        Aggregated volume
 
-      Price
 


 
 
 
N/A




e)


Date of the transaction
 


4 February 2021




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
 


Award pursuant to the Company's 2018 Bonus Share Matching Plan




c)


Price(s) and volume(s)
 


 




Price(s)


Volume(s)




813.25p


12,296




 
 
 




d)


Aggregated information
 
-        Aggregated volume
 
-      Price
 


 
 
 
N/A




e)


Date of the transaction
 


4 February 2021




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
 


Award pursuant to the Company's 2018 Bonus Share Matching Plan




c)


Price(s) and volume(s)
 


 




Price(s)


Volume(s)




813.25p


12,296




 
 
 




d)


Aggregated information
 
-        Aggregated volume
 
-      Price
 


 
 
 
N/A




e)


Date of the transaction
 


4 February 2021




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
 


Award pursuant to the Company's 2018 Bonus Share Matching Plan




c)


Price(s) and volume(s)
 


 




Price(s)


Volume(s)




813.25p


6,148




 
 
 




d)


Aggregated information
 
-        Aggregated volume
 
-      Price
 


 
 
 
N/A




e)


Date of the transaction
 


4 February 2021




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
 


Award pursuant to the Company's 2018 Bonus Share Matching Plan




c)


Price(s) and volume(s)
 


 




Price(s)


Volume(s)




813.25p


1,844




 
 
 




d)


Aggregated information
 
-        Aggregated volume
 
-      Price
 


 
 
 
N/A




e)


Date of the transaction
 


4 February 2021




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
 


Award pursuant to the Company's 2018 Bonus Share Matching Plan




c)


Price(s) and volume(s)
 


 




Price(s)


Volume(s)




813.25p


12,296




 
 
 




d)


Aggregated information
 
-        Aggregated volume
 
-      Price
 


 
 
 
N/A




e)


Date of the transaction
 


4 February 2021




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
 


Heather Fleming




2


Reason for the notification
 




a)


Position/status
 


Head of Institutional Sales




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
 


Award pursuant to the Company's 2018 Bonus Share Matching Plan




c)


Price(s) and volume(s)
 


 




Price(s)


Volume(s)




813.25p


6,148




 
 
 




d)


Aggregated information
 
-        Aggregated volume
 
-      Price
 


 
 
 
N/A




e)


Date of the transaction
 


4 February 2021




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
 


Oliver Hughes




2


Reason for the notification
 




a)


Position/status
 


Managing Director, Forestry




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
 


Award pursuant to the Company's 2018 Bonus Share Matching Plan




c)


Price(s) and volume(s)
 


 




Price(s)


Volume(s)




813.25p


1,217




 
 
 




d)


Aggregated information
 
-        Aggregated volume
 
-      Price
 


 
 
 
N/A




e)


Date of the transaction
 


4 February 2021




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
 


Bevan Duncan




2


Reason for the notification
 




a)


Position/status
 


Managing Director, Strategic Equity
 




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
 


Award pursuant to the Company's 2018 Bonus Share Matching Plan




c)


Price(s) and volume(s)
 


 




Price(s)


Volume(s)




813.25p


2,951




 
 
 




d)


Aggregated information
 
-        Aggregated volume
 
-      Price
 


 
 
 
N/A




e)


Date of the transaction
 


4 February 2021




f)


Place of the transaction
 


Outside trading venue




 
 

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