Replacement: Long Term Incentive Plan

RNS Number : 0831U
Gresham House PLC
10 July 2018
 

 

The announcement 'Long Term Incentive Plan and Save As You Earn Scheme'  for Gresham House Plc released yesterday, 9 July at 18:30 under RNS No 0816U has been re-released in the interests of market clarity.

 

The announcement text is unchanged and is reproduced in full below.

 

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10 JULY 2018

 

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

 

(AIM: GHE)

 

Long Term Incentive Plan

               

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

+44 (0) 20 3837 6270

 

 

Liberum Capital Ltd

Neil Elliot

Jill Li

 

+44 (0)20 3100 2000

 

Montfort Communications

Gay Collins

greshamhouse@montfort.london

+44 (0)7798 626282

 

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

 

 

 


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