REG - Gresham House PLC - Issue of Shares to EBT and PDMR Dealings
19/12/2023 10:00
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RNS Number : 2996X Gresham House PLC 19 December 2023
19 December 2023
Gresham House plc
("Gresham House" or the "Company")
Issue of Shares to Employee Benefit Trust and PDMR Dealings
Issue of shares to employee benefit trust
As announced earlier today, the scheme of arrangement circular published on 4
August 2023 to implement the acquisition of Gresham House by Seed Bidco
Limited pursuant to Part 26 of the Companies Act 2006 ("Scheme") is now
Effective. Capitalised terms used by not otherwise defined in this
announcement shall have the meanings given to them in the Scheme.
As announced on 8 December 2023, the Company has applied to AIM for a block
listing of 4,157,529 new ordinary shares of £0.25 each in the Company.
In order to satisfy the vesting of awards granted pursuant to the Gresham
House plc Bonus Share Matching Plan 2018 which occurred automatically upon the
Scheme becoming Effective, the Company's Employee Benefit Trust ("EBT") has
subscribed for 1,382,747 new ordinary shares in the Company ("New Ordinary
Shares") at their par value of £0.25 each, at an aggregate cost to the EBT of
£345,686.75. The Company gifted £345,686.75 to the EBT to fund its
subscription for the New Ordinary Shares.
Accordingly, the Company has today allotted the New Ordinary Shares to the EBT
and such shares rank pari passu in all respects with the existing ordinary
shares of £0.25 each in the Company. The New Ordinary Shares will be admitted
to trading on AIM today ("Admission").
Following Admission and in accordance with Rule 2.9 of the City Code on
Takeovers and Mergers, the Company confirms that the Company's issued share
capital will comprise 42,431,525 ordinary shares of £0.25 each, which figure
may be used by shareholders in the Company as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of the
Company under the FCA's Disclosure and Transparency Rules.
The Company does not hold any shares in treasury.
The International Securities Identification Number for Gresham House's
ordinary shares is GB0003887287.
Director/PDMR dealings
Upon the Scheme becoming effective, awards granted pursuant to the Gresham
House plc Bonus Share Matching Plan 2018 to the following persons discharging
managerial responsibilities vested automatically.
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 £0.25 in Gresham House plc.
Identification code
ISIN: GB0003887287
b) Nature of the transaction Vesting of awards pursuant to the Gresham House plc Bonus Share Matching Plan
2018
c) Price(s) and volume(s)
Price(s) Volume(s)
nil 75,131
d) Aggregated information
- Aggregated volume
N/A
- Price
e) Date of the transaction 19 December 2023
f) Place of the transaction Outside trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
19 December 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 £0.25 in Gresham House plc.
Identification code
ISIN: GB0003887287
b) Nature of the transaction Vesting of awards pursuant to the Gresham House plc Bonus Share Matching Plan
2018
c) Price(s) and volume(s)
Price(s) Volume(s)
nil 75,131
d) Aggregated information
- Aggregated volume
N/A
- Price
e) Date of the transaction 19 December 2023
f) Place of the transaction Outside trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
19 December 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 £0.25 in Gresham House plc.
Identification code
ISIN: GB0003887287
b) Nature of the transaction Vesting of awards pursuant to the Gresham House plc Bonus Share Matching Plan
2018
c) Price(s) and volume(s)
Price(s) Volume(s)
nil 75,131
d) Aggregated information
- Aggregated volume
N/A
- Price
e) Date of the transaction 19 December 2023
f) Place of the transaction Outside trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
19 December 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 £0.25 in Gresham House plc.
Identification code
ISIN: GB0003887287
b) Nature of the transaction Vesting of awards pursuant to the Gresham House plc Bonus Share Matching Plan
2018
c) Price(s) and volume(s)
Price(s) Volume(s)
nil 22,000
d) Aggregated information
- Aggregated volume
N/A
- Price
e) Date of the transaction 19 December 2023
f) Place of the transaction Outside trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
19 December 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 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 Ordinary Shares of £0.25 in Gresham House plc.
Identification code
ISIN: GB0003887287
b) Nature of the transaction Vesting of awards pursuant to the Gresham House plc Bonus Share Matching Plan
2018
c) Price(s) and volume(s)
Price(s) Volume(s)
nil 35,863
d) Aggregated information
- Aggregated volume
N/A
- Price
e) Date of the transaction 19 December 2023
f) Place of the transaction Outside trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
19 December 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 Ben Guest
2 Reason for the notification
a) Position/status Managing Director and Head of the Gresham House New Energy division
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 £0.25 in Gresham House plc.
Identification code
ISIN: GB0003887287
b) Nature of the transaction Vesting of awards pursuant to the Gresham House plc Bonus Share Matching Plan
2018
c) Price(s) and volume(s)
Price(s) Volume(s)
nil 75,131
d) Aggregated information
- Aggregated volume
N/A
- Price
e) Date of the transaction 19 December 2023
f) Place of the transaction Outside trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
19 December 2023
f)
Place of the transaction
Outside trading venue
-Ends-
For more information contact:
Gresham House plc +44 (0)20 3837 6270
Kevin Acton, Chief Financial Officer
Houston - media and analysts +44 (0)20 4529 0549
Kay Larsen
Alex Clelland
Kelsey Traynor
Canaccord Genuity Limited - Nominated Adviser and Joint Broker +44 (0)20 7523 8000
Bobbie Hilliam
Harry Pardoe
Jefferies International Limited - Joint Broker and Financial Adviser +44 (0)20 7029 8000
Paul Nicholls
James Umbers
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