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Gresham House plc announced that 274,728 ordinary shares under its 2018 Performance Share Plan (PSP) vested on 19 September 2022. Five Persons Discharging Managerial Responsibilities (PDMRs), namely Anthony Dalwood, Rupert Robinson, Kevin Acton, Andrew Hampshire, and Samee Khan, exercised these awards on 20 September 2022. The awards were satisfied in cash by the Company's Board at a price of 797.5 pence per share.
| Date | 21 Sept 2022 |
| Time | 14:48:28 |
| Category | Director/PDMR dealings |
| ID | 1913A |
21 September 2022
Gresham House plc
("Gresham House" or the "Company")
Vesting of 2018 Performance Share Plan ("PSP") awards
Gresham House, (AIM: GHE) the specialist alternative asset manager, announces that PSP awards in respect of 274,728 ordinary shares of 25 pence each in the capital of the Company ("Ordinary Shares"), vested on 19 September 2022 pursuant to the PSP and following satisfaction of the performance conditions set out in the Company's announcement dated 12 December 2019, have been exercised by the PDMRs listed below on 20 September 2022.
The Company's Board of Directors determined that the PSP awards were to be satisfied in cash, net of all applicable taxes, in accordance with the provisions of the PSP and in the interests of minimising dilution to shareholders.
Following the exercise of the PSP awards, the PDMRs listed below retain significant share-based long-term incentives in the Company.
|
PDMR |
Title |
Vested PSP awards |
|
Anthony Dalwood |
Chief Executive Officer |
68,943 |
|
Rupert Robinson |
Managing Director, Gresham House Asset Management Limited |
60,670 |
|
Kevin Acton |
Chief Financial Officer |
55,154 |
|
Andrew Hampshire |
Chief Operating Officer and Chief Technology Officer |
44,177 |
|
Samee Khan |
Chief Legal Officer |
45,784 |
- Ends -
|
For more information contact: Gresham House plc Kevin Acton, Chief Financial Officer
|
+44 (0)20 3837 6271
|
|
Houston PR Kate Hoare Alexander Clelland Anushka Mathew
|
+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
|
Vesting 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
|
20 September 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
|
Vesting 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
|
20 September 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
|
Vesting of award under the Bonus Share Matching Plan 2018 and Performance Share Plan 2018 |
||||
|
c) |
Price(s) and volume(s)
|
|
||||
|
d) |
Aggregated information
- Aggregated volume
- Price
|
N/A |
||||
|
e) |
Date of the transaction
|
20 September 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
|
Vesting 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
|
20 September 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 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
|
20 September 2022 |
||||
|
f) |
Place of the transaction
|
Outside Trading Venue |
||||