PDMR update

RNS Number : 2670F
Gresham House PLC
18 March 2022
 

18 March 2022

 

 

Gresham House plc

 

("Gresham House" or the "Company")

 

PDMR Dealing

Grant of share awards to PDMR and certain employees

 

Gresham House (AIM: GHE), the specialist alternative asset manager ,   announces that on 15 March 2022,   awards relating to ordinary shares in the capital of Residential Secure Income plc and held by the Company's wholly-owned subsidiary, Gresham House Holdings Limited, were granted under the Company's Housing Long Term Incentive Plan (the "Plan") to Alejandro Pilato, a PDMR of the Company.  Mr Pilato has been allocated 79.5% of the Plan pool with the remaining 20.5% of the Plan pool granted to two selected employees of the Company.

 

The awards are made further to the acquisition of TradeRisks Limited by the Company, subject to the achievement of certain performance criteria, as announced on 5 March 2020.

 

In summary the Plan pool is calculated based on growth and performance targets for the Company's Housing investment strategy over a three-year performance period commencing 5 March 2020. In the event the targets are achieved, subject to the terms of the Plan, the awards shall vest which the Company can either satisfy in cash, or with an equivalent value of Residential Secure Income plc shares already held by Gresham House Holdings Limited.

 

The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.

 

 

- Ends -

 

For more information contact:   

 

Gresham House plc   

Tony Dalwood, Chief Executive Officer 

Kevin Acton, Chief Financial Officer 

 

+44 (0)20 3837 6270 

Houston - media and analysts   

Kay Larsen

Joe Burgess

 

gh@houston.co.uk 

+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.

 

www.greshamhouse.com

 

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

 

Alejandro Pilato

2

Reason for the notification

 

a)

Position/status

 

PDMR

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 0.01p in Residential Secure Income plc held by Gresham House Holdings Limited

 

 

 

ISIN: GB00BYSX1508

 

b)

Nature of the transaction

 

Award pursuant to the Company's Housing Long Term Incentive Plan

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

Nil

N/A

 

 

 

d)

Aggregated information

 

Aggregated volume

 

Price

 

 

 

 

N/A

e)

Date of the transaction

 

15 March 2022

f)

Place of the transaction

 

Outside trading venue

 

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END
 
 
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