⌘K
t
| Date | 16 Mar 2022 |
| Time | 07:00:04 |
| Category | Miscellaneous |
| ID | 8932E |
16 March 2022
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 2021 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 UK employees to invest in the long-term growth of the Company and approximately 40% of all eligible UK employees participated in the Plan this year. 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 awards set out below are in respect of the Ordinary Shares notionally allocated to the relevant PDMR which arise from the exchange of 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.
|
PDMR |
Title |
Award* |
|
Anthony Dalwood |
Chief Executive Officer |
11,372 |
|
Rupert Robinson |
Managing Director, Gresham House Asset Management Limited |
11,372 |
|
Kevin Acton |
Chief Financial Officer |
11,372 |
|
Andrew Hampshire |
Chief Operating Officer and Chief Technology Officer |
11,372 |
|
Samee Khan |
Chief Legal Officer |
5,686 |
|
Benjamin Guest |
Managing Director, New Energy |
11,372 |
|
Heather Fleming |
Managing Director Institutional Business |
5,686 |
|
Bevan Duncan |
Managing Director, Strategic Equity |
19,902 |
* Ordinary Shares notionally allocated to the relevant PDMR which arise from the exchange of their deferred bonus.
- Ends -
|
For more information contact: |
|
|
Gresham House plc Tony Dalwood, Chief Executive Officer Kevin Acton, Chief Financial Officer
|
+44 (0)20 3837 6270 |
|
Houston - media and analysts Kay Larsen Joe Burgess
|
+44 (0) 20 4 529 0549 |
|
Canaccord Genuity Limited - Nominated Adviser and Joint Broker Bobbie Hilliam Georgina McCooke
|
+44 (0)20 7523 8000
|
|
Jefferies International Limited - Joint Broker and Financial Adviser 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
|
15 March 2022 |
||||
|
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
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
|
15 March 2022 |
||||
|
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
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
|
15 March 2022 |
||||
|
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
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
|
15 March 2022 |
||||
|
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
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
|
15 March 2022 |
||||
|
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
|
Benjamin Guest |
||||
|
2 |
Reason for the notification
|
|||||
|
a) |
Position/status
|
Managing Director, 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
|
15 March 2022 |
||||
|
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
|
Heather Fleming |
||||
|
2 |
Reason for the notification
|
|||||
|
a) |
Position/status
|
Managing Director Institutional Business |
||||
|
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
|
15 March 2022 |
||||
|
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
|
Bevan Duncan |
||||
|
2 |
Reason for the notification
|
|||||
|
a) |
Position/status
|
Managing Director, Strategic Equity
|
||||
|
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
|
15 March 2022 |
||||
|
f) |
Place of the transaction
|
Outside trading venue |
||||