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Gresham House plc announced that on 8 April 2022, its subsidiary Gresham House Holdings Limited repurchased 180 D Shares from three PDMRs (Andrew Hampshire, Kevin Acton, Samee Khan) at £11,701.34 per share, following the exercise of put options. On the same date, PDMR Samee Khan exercised options to acquire 15,687 net ordinary shares, resulting in his beneficial holding of 23,217 ordinary shares, or 0.06% of the company's issued share capital. Separately, on 7 April 2022, Gresham House plc granted Save As You Earn options over 138,422 ordinary shares to eligible employees at 665.6 pence per share, which included 13,520 options granted to five PDMRs.
| Date | 11 Apr 2022 |
| Time | 09:49:12 |
| Category | Director/PDMR dealings |
| ID | 9532H |
11 April 2022
Gresham House plc
("Gresham House" or the "Company")
Director/PDMR Exercise & Long Term Incentive Scheme Awards
Gresham House announces that its wholly-owned subsidiary Gresham House Holdings Limited ("GHHL") has, pursuant to the long term incentive plan approved by the Company's shareholders at the General Meeting of Gresham House held on 20 November 2015 ("2016 LTIP"), received requests from three PDMRs to exercise their put options over the GHHL shares listed below ("Put Options"), following satisfaction of both the Hurdle Condition and the Performance Condition set out in the Company's announcement dated 23 December 2019.
Following the exercise of the Put Options, the Directors/PDMRs listed below retain significant share-based long-term incentives in the Company.
Director/PDMR Title Put Options
Andrew Hampshire Chief Operating Officer 60 GHHL D Shares
Kevin Acton Chief Financial Officer 60 GHHL D Shares
Samee Khan Chief Legal Officer 60 GHHL D Shares
The Put Options were satisfied in accordance with the provisions of the 2016 LTIP by the Company repurchasing the total of 180 GHHL D Shares from Mr Hampshire, Mr Acton and Mr Khan respectively.
Vesting of 2018 Performance Share Plan ("PSP") awards and PDMR Shareholding
Following the vesting of the PSP awards previously announced on 25 July 2019, Mr Khan has exercised nil cost options over a gross number of 29,226 ordinary shares of 25 pence each in the capital of the Company ("Ordinary Shares"). The net number of Ordinary Shares that will be transferred by the Gresham House plc Employee Benefit Trust to Mr Khan, after adjustment for taxes, is 15,687 Ordinary Shares.
Following the exercise, Mr Khan will beneficially hold 23,217 Ordinary Shares in the Company, equating to 0.06% of the Company's issued share capital.
Save as You Earn Scheme ("SAYE") PDMR Notifications
The Company further announces that, on 7 April 2022, SAYE options over 138,422 Ordinary Shares were granted to eligible employees of the Company at a price of 665.6 pence per Ordinary Share.
The right to acquire the Ordinary Shares over which the SAYE options have been granted, is conditional upon the employees' continued employment on 1 June 2025.
Approximately 62% of eligible employees have elected to participate in the SAYE overall.
Pursuant to the SAYE, the following PDMRs have been granted, in aggregate in 2022, SAYE options over 13,520 Ordinary Shares as listed below:
|
Director/PDMR |
Title |
SAYE options granted |
|
Anthony Dalwood |
Chief Executive Officer |
2,704 |
|
Kevin Acton |
Chief Financial Officer |
2,704 |
|
Rupert Robinson |
Managing Director, Gresham House Asset Management Limited |
2,704 |
|
Andrew Hampshire |
Chief Operating Officer and Chief Technology Officer |
2,704 |
|
Benjamin Guest |
Managing Director, New Energy |
2,704 |
- Ends -
|
For more information contact: |
|
|
Gresham House plc 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
|
Andrew Hampshire |
||||
|
2 |
Reason for the notification
|
|||||
|
a) |
Position/status
|
Chief Operating 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 Holdings Limited |
||||
|
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
|
60 D Ordinary Shares in Gresham House Holdings Limited (a wholly owned subsidiary of Gresham House plc), the value of which is derived from the increase in value of the ordinary shares in Gresham House plc.
IDENTIFICATION CODE FOR GRESHAM HOUSE PLC ORDINARY SHARES GB0003887278
|
||||
|
b) |
Nature of the transaction
|
Employee Share Scheme - exercise of put options |
||||
|
c) |
Price(s) and volume(s)
|
|
||||
|
d) |
Aggregated information
-Aggregated volume
-Price
|
N/A
|
||||
|
e) |
Date of the transaction
|
8 April 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 Holdings Limited |
||||
|
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
|
60 D Ordinary Shares in Gresham House Holdings Limited (a wholly owned subsidiary of Gresham House plc), the value of which is derived from the increase in value of the ordinary shares in Gresham House plc.
IDENTIFICATION CODE FOR GRESHAM HOUSE PLC ORDINARY SHARES GB0003887278
|
||||
|
b) |
Nature of the transaction
|
Employee Share Scheme - exercise of put options |
||||
|
c) |
Price(s) and volume(s)
|
|
||||
|
d) |
Aggregated information
-Aggregated volume
-Price
|
N/A
|
||||
|
e) |
Date of the transaction
|
8 April 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 Holdings Limited |
||||
|
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
|
60 D Ordinary Shares in Gresham House Holdings Limited (a wholly owned subsidiary of Gresham House plc), the value of which is derived from the increase in value of the ordinary shares in Gresham House plc.
IDENTIFICATION CODE FOR GRESHAM HOUSE PLC ORDINARY SHARES GB0003887278
|
||||
|
b) |
Nature of the transaction
|
Employee Share Scheme - exercise of put options |
||||
|
c) |
Price(s) and volume(s)
|
|
||||
|
d) |
Aggregated information
-Aggregated volume
-Price
|
N/A
|
||||
|
e) |
Date of the transaction
|
8 April 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
|
Vesting and exercise of award under the 2018 Performance Share Plan |
||||
|
c) |
Price(s) and volume(s)
|
|
||||
|
d) |
Aggregated information
- Aggregated volume
- Price
|
N/A |
||||
|
e) |
Date of the transaction
|
8 April 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
|
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
|
Grant of Save-As-You-Earn Options |
||||
|
c) |
Price(s) and volume(s)
|
|
||||
|
d) |
Aggregated information
- Aggregated volume
- Price
|
N/A |
||||
|
e) |
Date of the transaction
|
7 April 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
|
Grant of Save-As-You-Earn Options |
||||
|
c) |
Price(s) and volume(s)
|
|
||||
|
d) |
Aggregated information
- Aggregated volume
- Price
|
N/A |
||||
|
e) |
Date of the transaction
|
7 April 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
|
Grant of Save-As-You-Earn Options |
||||
|
c) |
Price(s) and volume(s)
|
|
||||
|
d) |
Aggregated information
- Aggregated volume
- Price
|
N/A |
||||
|
e) |
Date of the transaction
|
7 April 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
|
Grant of Save-As-You-Earn Options |
||||
|
c) |
Price(s) and volume(s)
|
|
||||
|
d) |
Aggregated information
- Aggregated volume
- Price
|
N/A |
||||
|
e) |
Date of the transaction
|
7 April 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
|
Grant of Save-As-You-Earn Options |
||||
|
c) |
Price(s) and volume(s)
|
|
||||
|
d) |
Aggregated information
- Aggregated volume
- Price
|
N/A |
||||
|
e) |
Date of the transaction
|
7 April 2022 |
||||
|
f) |
Place of the transaction
|
Outside Trading Venue |
||||