2018 Bonus Share Matching Plan and PDMR updates
Updated : 16:36
5 March 2020
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 2019 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. 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 dealings set out below are in respect of the Ordinary Shares notionally allocated to the relevant PDMR which arise from 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.
- Ends -
For more information contact: Gresham House plc Kevin Acton, Chief Financial Officer
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+44 (0)20 3837 6271
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Houston PR Kate Hoare Alexander Clelland Anushka Mathew
| gh@houstonpr.co.uk +44 (0)20 3701 7660 |
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.
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)
|
| ||||
d) | Aggregated information
- Aggregated volume
- Price
|
N/A | ||||
e) | Date of the transaction
| 5 March 2020 | ||||
f) | Place of the transaction
| London Stock Exchange, AIM |
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)
|
| ||||
d) | Aggregated information
- Aggregated volume
- Price
|
N/A | ||||
e) | Date of the transaction
| 5 March 2020 | ||||
f) | Place of the transaction
| London Stock Exchange, AIM |
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
| Fund Manager, British Strategic Investment Fund Head, Gresham House 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)
|
| ||||
d) | Aggregated information
- Aggregated volume
- Price
|
N/A | ||||
e) | Date of the transaction
| 5 March 2020 | ||||
f) | Place of the transaction
| London Stock Exchange, AIM |
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