2018 Performance Share Plan Award and PDMR update
16 March 2022
Gresham House plc
("Gresham House" or the "Company")
2018 Performance Share Plan Award
Gresham House today announces that on 15 March 2022 (the "Award Date"), pursuant to the rules of the Gresham House plc Performance Share Plan 2018 ("PSP"), the Company awarded Ms Heather Fleming, Managing Director Institutional Business and PDMR, in aggregate, nil-cost options over 5,686 ordinary shares of 25p each in the capital of the Company ("Ordinary Shares") based on a price of 879p, being the average closing price of the Ordinary Shares over the ten trading days prior to 27 January 2022, being the date that the Remuneration Committee approved the allocation of the awards .
The above award will be subject to a three year vesting period from the Award Date and is subject to the PDMR remaining an employee of the Company and satisfying the relevant conditions set out in the PSP.
Following the end of the vesting period and satisfaction of the relevant conditions, the award holder can exercise the awards and acquire Ordinary Shares for nil cost, subject to the payment of any applicable taxes.
- Ends -
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For more information contact: |
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Gresham House plc Tony Dalwood, Chief Executive Officer Kevin Acton, Chief Financial Officer
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+44 (0)20 3837 6270 |
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Houston - media and analysts Kay Larsen Joe Burgess
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gh@houston.co.uk +44 (0) 20 4 529 0549 |
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Canaccord Genuity Limited - Nominated Adviser and Joint Broker Bobbie Hilliam Georgina McCooke
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+44 (0)20 7523 8000
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Jefferies International Limited - Joint Broker and Financial Adviser Paul Nicholls Max Jones
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+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.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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1 |
Details of the person discharging managerial responsibilities/person closely associated
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a) |
Name
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Heather Fleming |
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2 |
Reason for the notification
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a) |
Position/status
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Managing Director Institutional Business |
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b) |
Initial notification/ Amendment
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Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a) |
Name
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Gresham House plc |
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b) |
LEI
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213800JYVCBZZHBFEL28
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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
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a) |
Description of the financial instrument, type of instrument
Identification code
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Ordinary Shares in Gresham House plc.
IDENTIFICATION CODE FOR GRESHAM HOUSE PLC ORDINARY SHARES GB0003887278
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b) |
Nature of the transaction
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Performance Share Plan Award |
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c) |
Price(s) and volume(s)
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d) |
Aggregated information
- Aggregated volume
- Price
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N/A |
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e) |
Date of the transaction
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15/03/2022 |
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f) |
Place of the transaction
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Outside trading venue |
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