Long-Term Incentive Plan - PDMR announcement

RNS Number : 7354G

Gresham House PLC

25 July 2019

 

Gresham House plc

("Gresham House," the "Group" or the "Company")

Long-Term Incentive Plan - PDMR announcement

The Long-Term Incentive Plan ("LTIP") announced in May 2018 was established to incentivise senior management and employees to deliver long-term value creation and ensure alignment with shareholder interests, as well as provide a mechanism to comply with deferred variable compensation guidelines.  

Under the terms of the LTIP, the LTIP Options awarded below will vest on the third anniversary of the relevant recipients' respective dates of joining the Company, subject to the recipients remaining employees of the Company.

The Company's PDMRs listed below have been granted on 25 July 2019, in aggregate, nil-cost LTIP Options over 51,763 Ordinary Shares of the Company based on a price of 444p and 513p, respectively, being the average closing price of the Company's Ordinary Shares over the ten trading days prior to the PDMRs joining the Company.

PDMR	Role	Number of LTIP Options granted	Total number of LTIP Options held
Oliver Hughes	Managing Director, Forestry	22,538	22,538
Samee Khan	General Counsel and Company Secretary	29,226	29,226

- Ends -

For more information contact:

Gresham House plc Tony Dalwood, Chief Executive Officer Kevin Acton, Finance Director	[phone]
Canaccord Genuity - Nominated Adviser and Joint Broker Bobbie Hilliam	[phone]
Jefferies International Limited - Financial Adviser and Joint Broker Paul Nicholls Max Jones Chris Binks	[phone]
Montfort Communications Olly Scott Louis Supple	[e-mail] [phone] [phone]

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	Oliver Hughes
2	Reason for the notification
a)	Position/status	Managing Director, Forestry ,  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	213800JYVCBZZHBFEL28
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 in Gresham House plc. IDENTIFICATION CODE FOR GRESHAM HOUSE PLC ORDINARY SHARES GB0003887278
b)	Nature of the transaction	LTIP Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 444p 22,538
d)	Aggregated information       Aggregated volume       Price	22,538 444p
e)	Date of the transaction	25/07/19
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	Samee Khan
2	Reason for the notification
a)	Position/status	General Counsel and Company Secretary, Gresham House plc
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	213800JYVCBZZHBFEL28
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 in Gresham House plc. IDENTIFICATION CODE FOR GRESHAM HOUSE PLC ORDINARY SHARES GB0003887278
b)	Nature of the transaction	LTIP Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 513p 29,226
d)	Aggregated information      Aggregated volume       Price	29,226 513p
e)	Date of the transaction	25/07/19
f)	Place of the transaction	London Stock Exchange, AIM

 

END

 

 

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