REG - Gresham Technologies - Issue of Shares & Employee Equity Awards

Gresham TechnologiesAnnouncement

04/06/2024 12:30

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RNS Number : 0748R  Gresham Technologies PLC  04 June 2024

RNS

4 June 2024

Gresham Technologies plc

Issue of Shares & Employee Equity Awards

Gresham Technologies plc (LSE: "GHT", "Gresham", "Group", "Company"), the
leading software and services company that specialises in providing solutions
for data integrity and control, banking integration, payments and cash
management, announces that it has issued, conditional on admission, 218,054
ordinary shares of 5 pence each in the Company ("Ordinary Shares") in
respect of equity awards to certain employees and executive directors of the
Company (together, "Employees"), pursuant to the Company's annual bonus scheme
in relation to FY23 performance.

The Bonus Shares were subscribed for at a price of 163 pence per Ordinary
Share which has been funded through a proportion of the Employees' respective
bonus entitlement in respect of FY23 and are beneficially held through the
Company's global nominee service.

Details of Ordinary Shares issued to executive directors are set out in the
table below:

                    Bonus Shares  Direct and Beneficial Interest (#)  Direct and Beneficial Interest (%)
 Ian Manocha (CEO)  13,639        180,279                             0.21%
 Tom Mullan (CFO)   8,277         84,331                              0.10%

 

Application will be made for the admission to trading of the new Ordinary
Shares on the Main Market of the London Stock Exchange and to listing on the
Official List, with dealings expected to commence at 8 a.m. on or around 6
June 2024.

Following the issue of the new Ordinary Shares, which will rank pari passu
with all existing Ordinary Shares, the Company will have a total of 84,092,512
Ordinary Shares with voting rights in issue. The Company currently holds no
shares in treasury.

The above figure of 84,092,512 may be used by shareholders 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 Company under
the FCA's Disclosure and Transparency Rules.

 

 

Enquiries

 Gresham Technologies plc                               +44 (0) 207 653 0200
 Ian Manocha / Tom Mullan

 Singer Capital Markets (Financial Adviser and Broker)  +44 (0) 207 496 3000
 Shaun Dobson / Jen Boorer

 Alma Strategic Communications                          +44 (0) 203 405 0205
 Hilary Buchanan / Will Ellis Hancock

 

Inside information

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via a
Regulatory Information Service ("RIS"), this inside information is now
considered to be in the public domain.

Rule 26.1 Disclosure

In accordance with Rule 26.1 of the City Code on Takeovers and Mergers, a copy
of this announcement will be available on the investor section of the
Company's website at https://www.greshamtech.com/invest-in-us by no later than
12 noon (London time) on the business day immediately following the date of
this announcement.  The content of the website referred to in this
announcement is not incorporated into and does not form part of this
announcement.

Note to editors

Gresham Technologies plc is a leading software and services company that
specialises in providing real-time solutions for data integrity and control,
banking integration, payments and cash management. Listed on the main market
of the London Stock Exchange (GHT.L) and headquartered in the City of London,
its customers include some of the world's largest financial institutions and
corporates, all of whom are served locally from offices located in the UK,
Europe, North America and Asia Pacific.

Gresham's award-winning Clareti software platform is a highly flexible and
scalable platform, available on-site or in the cloud, designed to address
today's most challenging financial control, risk management, data governance
and regulatory compliance problems. Learn more at www.greshamtech.com.

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Ian Manocha
 2    Reason for the notification
 a)   Position/status                                              Chief Executive Officer
 b)   Initial notification /Amendment                              Initial
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         Gresham Technologies plc
 b)   LEI                                                          213800F71LW7L4Y7QL29
 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 5 pence each

      Identification code                                          GB0008808825

 b)   Nature of the transaction                                    Issue of shares to satisfy FY23 annual bonus
 c)   Price(s) and volume(s)                                       Price                        Volume

      163 pence                                                                                 13,639
 d)   Aggregated information

      - Aggregated volume                                          n/a - single transaction

      - Price
 e)   Date of the transaction                                      31 May 2024
 f)   Place of the transaction                                     Off Market Transaction

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Tom Mullan
 2    Reason for the notification
 a)   Position/status                                              Chief Financial Officer
 b)   Initial notification /Amendment                              Initial
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         Gresham Technologies plc
 b)   LEI                                                          213800F71LW7L4Y7QL29
 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 5 pence each

      Identification code

                                                                   GB0008808825
 b)   Nature of the transaction                                    Issue of shares to satisfy FY23 annual bonus
 c)   Price(s) and volume(s)                                       Price                        Volume

      163 pence                                                                                 8,277
 d)   Aggregated information

      - Aggregated volume                                          n/a - single transaction

      - Price
 e)   Date of the transaction                                      31 May 2024
 f)   Place of the transaction                                     Off Market Transaction

 

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