REG - Liontrust Asset Mgmt - Director/PDMR Shareholding

Liontrust Asset ManagementAnnouncement

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RNS Number : 6472O  Liontrust Asset Management PLC  27 June 2025

 

LEI: 549300XVXU6S7PLCL855

 

For immediate release

27 June 2025

 

Liontrust Asset Management Plc

 

("Liontrust" or the "Company")

 

Notification of transactions of persons discharging managerial
responsibilities ("PDMRs")

 

Liontrust announces that on 26 June 2025 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    452,963
 Vinay Abrol  247,038

 

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.

Reflecting on Liontrust's performance and the broader shareholder experience
over the last financial year, the Remuneration Committee ("the Committee")
determined to exercise discretion to reduce the LTIP award by 15% from the
maximum opportunity as set out in the Directors' Remuneration Policy approved
by shareholders at the 2024 AGM. For John Ions, this will involve a 15%
reduction from 350% of salary to 297.5% of salary. For Vinay Abrol, the LTIP
award was reduced from a maximum of 250% of salary to 212.5% of salary.

The LTIP awards will vest based on performance measured over the three-year
period from 1 April 2025 to 31 March 2028 and will be subject to a compulsory
two-year post-vesting holding period, as well as malus and clawback provisions
in line with the terms of our shareholder approved Directors' Remuneration
Policy.

The Committee has determined to reduce the threshold vesting to 10% of the
award (down from the approved policy level of 25%), with vesting rising to
100% for stretch performance, thereby further strengthening the alignment
between executive payouts and long-term Company performance.

Performance will be assessed against the following metrics:

●     40% absolute total shareholder return ("TSR"), with a relative TSR
underpin measured against the FTSE 250 that permits the Committee to adjust
the absolute TSR outcome by up to 10% of the award to ensure alignment with
shareholder returns;

●     30% diluted adjusted earnings per share, excluding performance
fees; and

●     30% investment performance, determined by the weighted three- and
five-year performance of Liontrust's funds relative to the first or second
quartile of their respective Investment Association sectors at the end of the
performance period.

Consistent with Provision 37 of the UK Corporate Governance Code, the
Committee retains discretion to moderate any formulaic vesting outcome to
ensure it appropriately reflects the Company's overall performance and the
shareholder experience. The specific performance targets, which the Committee
considers challenging in the current trading environment, will be fully
disclosed in the 2026 Annual Report on Remuneration.

 

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                 452,963

 d)   Aggregated information

      - Aggregated volume                                          Not applicable

      - Price

 e)   Date of the transaction                                      26 June 2025

 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                 247,038

 d)   Aggregated information

      - Aggregated volume                                          Not applicable

      - Price

 e)   Date of the transaction                                      26 June 2025

 f)   Place of the transaction                                     Outside a trading venue

 

For further information please contact:

 

Liontrust Asset Management Plc (Tel: 020 7412 1700, Website:
liontrust.co.uk)

Stephen Corbett: Head of Investor Relations

Simon Hildrey: Chief Marketing Officer

 

Singer Capital Markets (Tel: 020 7496 3000)

Corporate Broking: Charles Leigh-Pemberton

Corporate Advisory: James Moat

 

Panmure Liberum (Tel: 020 7886 2500)

Corporate Broking: David Watkins

Corporate Advisory: Atholl Tweedie

 

ENDS

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