Long Term Incentive Plan & Save as You Earn Scheme
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 |
+44 (0) 20 3837 6270
|
|
Liberum Capital Ltd Neil Elliot Jill Li
|
+44 (0)20 3100 2000
|
|
Montfort Communications Gay Collins |
+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)
|
|
||||
|
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)
|
|
||||
|
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)
|
|
||||
|
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)
|
|
||||
|
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)
|
|
||||
|
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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