Long Term Incentive Plan & Save as You Earn Scheme

RNS Number : 0816U

Gresham House PLC

09 July 2018

 

9 JULY 2018

Gresham House Plc ("Gresham House" or the "Company")

(AIM: GHE)

Long Term Incentive Plan and Save as You Earn Scheme

Gresham House, the specialist alternative asset manager, is pleased to announce the establishment of the new Long Term Incentive Plan ("LTIP") for its employees, including members of the Company's senior management team.

LTIP

The new LTIP, details for which were included in the announcement of 2 May 2018, has now been approved by the remuneration committee. The new LTIP replaces the previous Employee Share Scheme adopted in July 2016 and has been 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 date of approval of the scheme, subject to the awardees remaining employees of the Company.

Senior management and PDMR's have been granted, in aggregate, nil-cost LTIP Options over 361,446 Ordinary Shares at a price of 415p, being the mid-market closing price of the Company's shares on Wednesday 2nd May 2018, the date of approval by the Remuneration Committee of the LTIP scheme as follows:

Director/PDMR	Number of LTIP Options granted
Anthony Dalwood	108,434
Rupert Robinson	101,205
Kevin Acton	67,470
John-Paul Preston	59,037
Andrew Hampshire	25,302

ENDS

Enquiries:

Gresham House plc John-Paul Preston	[phone]
Liberum Capital Ltd Neil Elliot Jill Li	[phone]
Montfort Communications Gay Collins	[e-mail] [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	Anthony Dalwood
2	Reason for the notification
a)	Position/status	Chief Executive
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) 415p 108,434
d)	Aggregated information -        Aggregated volume -      Price	108,434 415p
e)	Date of the transaction	02/07/18
f)	Place of the transaction	Outside a trading venue

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
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) 415p 101,205
d)	Aggregated information -        Aggregated volume -      -      Price	101,205 415p
e)	Date of the transaction	02/07/18
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Kevin Acton
2	Reason for the notification
a)	Position/status	Finance Director
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) 415p 67,470
d)	Aggregated information -        Aggregated volume -      -      Price	67,470 415p
e)	Date of the transaction	02/07/18
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	John - Paul Preston
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	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) 415p 59,037
d)	Aggregated information -        Aggregated volume -      -      Price	59,037 415p
e)	Date of the transaction	02/07/18
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Andrew Hampshire
2	Reason for the notification
a)	Position/status	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	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) 415p 25,302
d)	Aggregated information -        Aggregated volume -      -      Price	25,302 415p
e)	Date of the transaction	02/07/18
f)	Place of the transaction	Outside a trading venue

 

END

 

 

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