Grant of Share Awards, Share Options and TVR

RNS Number : 8580Q
Gateley (Holdings) PLC
23 February 2023
 

23 February 2023

 

GATELEY (HOLDINGS) PLC

("Gateley" or the "Group" or the "Company")

(AIM: GTLY)

 

GRANT OF SHARE AWARDS, SHARE OPTIONS AND TOTAL VOTING RIGHTS

 

Gateley, the legal and professional services group, is pleased to announce its latest grant of annual share awards and awards under the Long-Term Incentive Plan to partners, senior employees, subsidiary company directors and PDMRs.

 

Both Restricted Share Awards ("RSAs") and Long-Term Incentive Plan awards ("LTIPs") form part of the Group's retention and incentivisation policy.  It is a continuation of the board's strategy to differentiate the position of a partner or director at Gateley from that of a partner in traditionally structured professional services businesses.

 

The board is committed to providing its people with the opportunity to own shares in the Company. Such share ownership promotes strong alignment with the Group's external shareholders, incentivises employees and is reflective of Gateley's long-established culture.  At least 64% of current employees are existing share or option holders in the Group.

 

The RSAs, which vest on receipt, are subject to a five-year non-dealing restriction and are forfeited should employment be terminated within that period.

 

LTIP awards over 1,320,000 Ordinary Shares of 10 pence each in the Company ("Ordinary Shares") have also been awarded today. LTIP awards vest at the end of a three-year period, dependent upon the achievement of profit related performance conditions and continuous employment.  Details of these performance conditions can be found in the Group's annual report.

 

The Gateley Employee Benefit Trust ("EBT") has also made an award to a director for outstanding contribution over an extended period, which will be satisfied from the EBT.

 

Issue of new Ordinary Shares and total voting rights

 

The board has agreed to allot and issue 1,175,000 Ordinary Shares to the EBT for the onward allocation to recipients of the RSA awards.

 

Application will be made to the London Stock Exchange for the 1,175,000 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will take place at 8.00am on 1 March 2023.

 

The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue. Following Admission, Gateley's total issued share capital will comprise 126,596,494 Ordinary Shares. This number may be used by shareholders in Gateley as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of Gateley under the FCA's Disclosure Guidance and Transparency Rules.

 

Rod Waldie, Gateley Chief Executive Officer, said:

 

"As previously emphasised, the creation of wider share ownership across all levels of staff within the Group was one of our original goals when we became a public company in 2015. Our people are the bedrock on which the successful growth of the Group has been founded and they lie at the heart of our future growth ambitions.  These incentives are an important part of our strategy to incentivise and retain our emerging senior talent."

 

Enquiries:

 

Gateley (Holdings) Plc


Neil Smith, Finance Director

Tel: +44 (0) 121 234 0196

Nick Smith, Acquisitions Director and Head of Investor Relations

Tel: +44 (0) 20 7653 1665

Cara Zachariou, Head of Corporate Communications

Tel: +44 (0) 121 234 0074 Mob: +44 (0) 7703 684 946



Liberum - Nominated Adviser and Broker

Richard Lindley/Ben Cryer/Cara Murphy

 

Tel: +44 (0) 20 3100 2000



Belvedere Communications Limited - Financial PR


Cat Valentine

Mob: +44 (0) 7715 769 078

Keeley Clarke

Mob: +44 (0) 7967 816 525

Llew Angus

Mob: +44 (0) 7407 023 147


gateleypr@belvederepr.com

 



 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Neil Smith

2

Reason for notification


a.

Position/Status

Member of Holdings Board and Strategic Board

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) Plc

b.

LEI

213800WZGNN7U6LEUM62

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

Issue of LTIP Options over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Award of LTIP options under LTIP scheme 

c.

Price(s) and volume(s)







Price(s)

Volume(s)


£nil

40,000


d.

Aggregated information

- Aggregated Volume

- Price

 

N/a

Nil

e.

Date of the transaction

23 February 2023

f.

Place of the transaction

London Stock Exchange










 


 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Victoria Walker (nee Garrad)

2

Reason for notification


a.

Position/Status

Member of Holdings Board and Strategic Board

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) Plc

b.

LEI

213800WZGNN7U6LEUM62

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

Issue of LTIP Options over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Award of LTIP options under LTIP scheme 

c.

Price(s) and volume(s)







Price(s)

Volume(s)


£nil

40,000


d.

Aggregated information

- Aggregated Volume

- Price

 

N/a

Nil

e.

Date of the transaction

23 February 2023

f.

Place of the transaction

London Stock Exchange











 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

George Parker-Fuller

2

Reason for notification


a.

Position/Status

Member of Strategic Board

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) Plc

b.

LEI

213800WZGNN7U6LEUM62

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

Issue of LTIP Options over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Award of LTIP options under LTIP scheme 

c.

Price(s) and volume(s)







Price(s)

Volume(s)


£nil

40,000


d.

Aggregated information

- Aggregated Volume

- Price

 

N/a

Nil

e.

Date of the transaction

23 February 2023

f.

Place of the transaction

London Stock Exchange











 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Katie Chester (nee Silvester)

2

Reason for notification


a.

Position/Status

Member of Operations Board

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) Plc

b.

LEI

213800WZGNN7U6LEUM62

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

Issue of LTIP Options over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Award of LTIP options under LTIP scheme 

c.

Price(s) and volume(s)







Price(s)

Volume(s)


£Nil

10,000


d.

Aggregated information

- Aggregated Volume

- Price

 

N/a

Nil

e.

Date of the transaction

23 February 2023

f.

Place of the transaction

London Stock Exchange










 

 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

James Madill

2

Reason for notification


a.

Position/Status

Member of Operations Board

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) Plc

b.

LEI

213800WZGNN7U6LEUM62

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

Issue of LTIP Options over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc

 

Issue of Restricted share award over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Award of LTIP options under LTIP scheme 

Award of Restricted shares

c.

Price(s) and volume(s)







Price(s)

Volume(s)


£Nil

£Nil

40,000

25,000

L TIPS

R SAS

d.

Aggregated information

- Aggregated Volume

- Price

 

N/a

Nil

e.

Date of the transaction

23 February 2023

f.

Place of the transaction

London Stock Exchange










 

 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Sarah Sabin

2

Reason for notification


a.

Position/Status

Member of Operations Board

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) Plc

b.

LEI

213800WZGNN7U6LEUM62

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

Issue of LTIP Options over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Award of LTIP options under LTIP scheme 

c.

Price(s) and volume(s)







Price(s)

Volume(s)


£Nil

20,000


d.

Aggregated information

- Aggregated Volume

- Price

 

N/a

Nil

e.

Date of the transaction

23 February 2023

f.

Place of the transaction

London Stock Exchange










 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Andy Wilson

2

Reason for notification


a.

Position/Status

Member of Operations Board

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) Plc

b.

LEI

213800WZGNN7U6LEUM62

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

Issue of LTIP Options over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Award of LTIP options under LTIP scheme 

c.

Price(s) and volume(s)







Price(s)

Volume(s)


£Nil

40,000


d.

Aggregated information

- Aggregated Volume

- Price

 

N/a

Nil

e.

Date of the transaction

23 February 2023

f.

Place of the transaction

London Stock Exchange












 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Jill Jenkinson

2

Reason for notification


a.

Position/Status

Member of Operations Board

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) Plc

b.

LEI

213800WZGNN7U6LEUM62

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

Issue of LTIP Options over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Award of LTIP options under LTIP scheme 

c.

Price(s) and volume(s)







Price(s)

Volume(s)


£Nil

40,000


d.

Aggregated information

- Aggregated Volume

- Price

 

N/a

Nil

e.

Date of the transaction

23 February 2023

f.

Place of the transaction

London Stock Exchange










 


 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Richard Healey

2

Reason for notification


a.

Position/Status

Member of Strategic Board

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) Plc

b.

LEI

213800WZGNN7U6LEUM62

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

G ift of ordinary shares of 10p each in the capital of Gateley (Holdings) Plc by the Gateley Employee Benefit Trust

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Award of s hares 

c.

Price(s) and volume(s)







Price(s)

Volume(s)


£Nil

230,000


d.

Aggregated information

- Aggregated Volume

- Price

 

N/a

Nil

e.

Date of the transaction

23 February 2023

f.

Place of the transaction

London Stock Exchange











 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Nick Capell

2

Reason for notification


a.

Position/Status

Member of Operations Board

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) Plc

b.

LEI

213800WZGNN7U6LEUM62

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

Issue of LTIP Options over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Award of LTIP options under LTIP scheme 

c.

Price(s) and volume(s)







Price(s)

Volume(s)


£Nil

20,000


d.

Aggregated information

- Aggregated Volume

- Price

 

N/a

Nil

e.

Date of the transaction

23 February 2023

f.

Place of the transaction

London Stock Exchange












 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Vikki Whittemore

2

Reason for notification


a.

Position/Status

Member of Operations Board

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) Plc

b.

LEI

213800WZGNN7U6LEUM62

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

Issue of LTIP Options over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Award of LTIP options under LTIP scheme 

c.

Price(s) and volume(s)







Price(s)

Volume(s)


£Nil

20,000


d.

Aggregated information

- Aggregated Volume

- Price

 

N/a

Nil

e.

Date of the transaction

23 February 2023

f.

Place of the transaction

London Stock Exchange










 

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