Vesting of 2018 Performance Share Plan awards

RNS Number : 1913A
Gresham House PLC
21 September 2022
 

21 September 2022

Gresham House plc

 

("Gresham House" or the "Company")

 

 

Vesting of 2018 Performance Share Plan ("PSP") awards

 

Gresham House, (AIM: GHE) the specialist alternative asset manager, announces that PSP awards in respect of 274,728 ordinary shares of 25 pence each in the capital of the Company ("Ordinary Shares"), vested on 19 September 2022 pursuant to the PSP and following satisfaction of the performance conditions set out in the Company's announcement dated 12 December 2019, have been exercised by the PDMRs listed below on 20 September 2022.

 

The Company's Board of Directors determined that the PSP awards were to be satisfied in cash, net of all applicable taxes, in accordance with the provisions of the PSP and in the interests of minimising dilution to shareholders.

 

Following the exercise of the PSP awards, the PDMRs listed below retain significant share-based long-term incentives in the Company.

 

PDMR

Title

Vested PSP awards

Anthony Dalwood

Chief Executive Officer

68,943

Rupert Robinson

Managing Director, Gresham House Asset Management Limited

60,670

Kevin Acton

Chief Financial Officer

55,154

Andrew Hampshire

Chief Operating Officer and Chief Technology Officer

44,177

Samee Khan

Chief Legal Officer

45,784

 

 

 

- Ends -

 

 

For more information contact:

Gresham House plc

Kevin Acton, Chief Financial Officer

 

 

+44 (0)20 3837 6271

 

Houston PR

Kate Hoare

Alexander Clelland

Anushka Mathew

 

gh@houstonpr.co.uk

+44 (0)20 3701 7660

Canaccord Genuity Limited - Nominated Adviser and Joint Broker

Bobbie Hilliam

Georgina McCooke

 

+44 (0)20 7523 8000

Jefferies International Limited - Financial Adviser and Joint Broker

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

 

Anthony Dalwood

2

Reason for the notification

 

a)

Position/status

 

Chief Executive 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

 

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 25p in Gresham House plc.

 

 

 

 

ISIN: GB0003887287

 

b)

Nature of the transaction

 

Vesting of award under the 2018 Performance Share Plan

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

797.5p

68,943

 

 

 

d)

Aggregated information

 

Aggregated volume

 

Price

 

 

 

 

N/A

e)

Date of the transaction

 

20 September 2022

f)

Place of the transaction

 

Outside Trading Venue

 

 

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

 

Rupert Robinson

2

Reason for the notification

 

a)

Position/status

 

Managing Director, 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

 

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 25p in Gresham House plc.

 

 

 

 

ISIN: GB0003887287

 

b)

Nature of the transaction

 

Vesting of award under the 2018 Performance Share Plan

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

797.5p

60,670

 

 

 

d)

Aggregated information

 

Aggregated volume

 

Price

 

 

 

 

 

N/A

e)

Date of the transaction

 

20 September 2022

f)

Place of the transaction

 

Outside Trading Venue

 

 

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

 

Kevin Acton

2

Reason for the notification

 

a)

Position/status

 

Chief Financial 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

 

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 25p in Gresham House plc.

 

 

 

 

ISIN: GB0003887287

 

b)

Nature of the transaction

 

Vesting of award under the Bonus Share Matching Plan 2018 and Performance Share Plan 2018

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

797.5p

55,154

 

 

 

d)

Aggregated information

 

Aggregated volume

 

Price

 

 

 

 

N/A

e)

Date of the transaction

 

20 September 2022

f)

Place of the transaction

 

Outside Trading Venue

 

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

 

Andrew Hampshire

2

Reason for the notification

 

a)

Position/status

 

Chief Operating Officer and 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

 

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 25p in Gresham House plc.

 

 

 

 

ISIN: GB0003887287

 

b)

Nature of the transaction

 

Vesting of award under the 2018 Performance Share Plan

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

797.5p

44,177

 

 

 

d)

Aggregated information

 

Aggregated volume

 

Price

 

 

 

 

N/A

e)

Date of the transaction

 

20 September 2022

f)

Place of the transaction

 

Outside Trading Venue

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

 

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

 

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 25p in Gresham House plc.

 

 

 

 

ISIN: GB0003887287

 

b)

Nature of the transaction

 

Vesting of award under the 2018 Performance Share Plan

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

797.5p

45,784

 

 

 

d)

Aggregated information

 

Aggregated volume

 

Price

 

 

 

 

N/A

e)

Date of the transaction

 

20 September 2022

f)

Place of the transaction

 

Outside Trading Venue

 

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