Liontrust Asset Mgmt - Director/PDMR Shareholding
LEI: 549300XVXU6S7PLCL855
For immediate release
7 August 2026
Liontrust Asset Management Plc
("Liontrust" or the "Company")
Notification of transactions of persons discharging managerial responsibilities ("PDMRs")
Liontrust announces that on 6 August 2026 it granted LTIP awards of nil price options ("Options") over the Company's ordinary shares of 1p each ("Shares") to John Ions, Chief Executive Officer, and Vinay Abrol, Chief Financial Officer. John Ions and Vinay Abrol are both PDMRs.
The details of the Options granted are as follows:
PDMR
Number of Options
John Ions (CEO)
566,203
Vinay Abrol (CFO)
308,797
The Options are granted in accordance with the rules of the Company's Long Term Incentive Plan ("LTIP") for its Executive Directors and are subject to stretching performance targets based on total shareholder return, diluted adjusted earnings per share and investment performance.
Last year's LTIP grants were scaled back by 15% of the policy maximum resulting in awards of 297.5% of salary for John Ions and 212.5% of salary for the Vinay Abrol (versus policy maximums of 350% and 250% of salary respectively). Given the continued challenging shareholder experience, ongoing net outflows and material share price decline since the prior grant, this year's awards have been capped at a 25% increase in share numbers versus last year, equating to 284% of salary for John Ions and 203% of salary for Vinay Abrol.
While the Remuneration Committee considered whether any increase was appropriate, recent LTIP vesting outcomes have been low and annual bonuses modest. The proposed awards, below both last year's grants and policy maximum are considered a balanced and proportionate approach to maintaining incentivisation and retention
Formal notification in respect of each PDMR is set out below in accordance with the requirements of the Market Abuse Regulation.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
John Ions
2
Reason for the notification
a)
Position/status
PDMR (CEO)
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Liontrust Asset Management Plc
b)
LEI
549300XVXU6S7PLCL855
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 1p each
Identification code
GB0007388407
b)
Nature of the transaction
Grant of nil price options under the Liontrust Long Term Incentive Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
566,203
d)
Aggregated information
- Aggregated volume
Not applicable
- Price
e)
Date of the transaction
6 August 2026
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Vinay Abrol
2
Reason for the notification
a)
Position/status
PDMR (CFO)
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Liontrust Asset Management Plc
b)
LEI
549300XVXU6S7PLCL855
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 1p each
Identification code
GB0007388407
b)
Nature of the transaction
Grant of nil price options under the Liontrust Long Term Incentive Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
308,797
d)
Aggregated information
- Aggregated volume
Not applicable
- Price
e)
Date of the transaction
6 August 2026
f)
Place of the transaction
Outside a trading venue
Performance conditions
Awards will vest based on the following performance conditions over the three-year period from 1 April 2026 to 31 March 2029. Threshold vesting remains at 10%, consistent with last year's approach and below the 25% permitted under the policy with vesting rising to 100% for stretch performance:
● 40% absolute total shareholder return ("TSR"), with a relative TSR underpin;
● 30% Adjusted diluted adjusted earnings per share, excluding performance fees; and
● 30% investment performance.
Absolute TSR with Relative TSR underpin vs FTSE250 - 40%
Threshold (10% payout)
Maximum (100% payout)
Absolute TSR over the period starting from the date of grant to the end of the performance period (targets maintained at last year's level)
510p (20% per annum)
583p (26% per annum)
A relative FTSE 250 underpin allows the Committee to adjust the Absolute TSR payout by up to 10%. If Liontrust's Absolute TSR over the performance period is below the FTSE 250 median, the Committee will consider a downwards adjustment, taking into account Absolute TSR performance, performance versus sector peers, and the extent of the underperformance against the FTSE 250.
Adjusted diluted EPS (ex-performance fees) - 30%
Threshold (10% payout)
Target (50% payout)
Maximum (100% payout)
Adjusted Diluted EPS (ex-performance fees) at the end of the performance period (targets maintained at last year's level)
41.9p
46.6p
51.3p
Investment Performance - 30%
Weighted Assets under Management and Advice ("AuMA") over 3 years and 5 years in the top two Investment Association ("IA") quartiles, for those funds in IA sectors, equally weighted at 15% each.
Threshold (10% payout)
Maximum (100% payout)
Weighted AuMA in top 2 IA quartiles
40%
60%
River Global Acquisition
The above performance conditions reflect the acquisition of River Global. Both the Adjusted diluted EPS and investment performance measures will include River Global for full performance period. The three-year investment performance measure will capture 2.75 of 3 years under Liontrust's ownership and the five-year measure will capture over half (2.75 of 5 years), such that inclusion is considered appropriate.
For further information please contact:
Liontrust Asset Management Plc (Tel: 020 7412 1700, Website: liontrust.com)
Stephen Corbett: Head of Investor Relations
Simon Hildrey: Chief Marketing Officer
H/Advisors (Email: liontrust@h-advisors.global)
Rachel Cohen (Tel: 0755 717 8196, Email: rachel.cohen@h-advisors.global)
Berenberg (Tel: 020 3207 7800)
Investment Banking: James Felix, John Welch, Dan Gee-Summons
Panmure Liberum (Tel: 020 7886 2500)
Corporate Broking: David Watkins
Corporate Advisory: Atholl Tweedie
Singer Capital Markets (Tel: 020 7496 3000)
Corporate Broking: Charles Leigh-Pemberton
ENDS
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.ENDDSHBLGDIXSGDGLL
