Information  X 
Enter a valid email address

Gateley (Holdings) (GTLY)

  Print   

Thursday 28 April, 2022

Gateley (Holdings)

New Share Award Plan, Grant of Options and TVR

RNS Number : 7393J
Gateley (Holdings) PLC
28 April 2022
 

28 April 2022

 

 

GATELEY (HOLDINGS) PLC

("Gateley" or the "Group" or the "Company")

(AIM: GTLY)

 

INTRODUCTION OF NEW SHARE AWARD PLAN, GRANT OF SHARE OPTIONS

AND TOTAL VOTING RIGHTS

 

 

Gateley, the legal and professional services group, is pleased to announce the introduction of a new Restricted Share Award Plan ("RSA") and also awards under the existing Long Term Incentive Plan ("LTIP").

 

The RSA forms part of the Group's retention and incentivisation policy for emerging senior talent. It supports long-term share ownership for people who are promoted to Partner or Partner-equivalent roles.  It is a continuation of the Board's strategy to differentiate the position of a Partner or equivalent at Gateley from that of a Partner in traditionally structured professional services businesses.

 

The Board is committed to providing its people with the opportunity to own shares in the Company. Such share ownership promotes strong alignment with the Group's external shareholders, incentivises employees and is reflective of Gateley's long-established culture.  At least 75% of current staff are existing share or option holders in the Group.

 

The awards, which vest on receipt, are made when an individual is promoted to Partner or an equivalent position. Awards are subject to a five-year non-dealing restriction and are forfeited should employment be terminated within that period.

 

In addition, on inception of the RSA, the Board has made one-off awards to people who were non-equity Partners at the date of Gateley's IPO in June 2015 and have been promoted to Partner or Partner-equivalent since then.

 

The Board also announces today LTIP awards to certain Executive Directors and Senior Management over up to 1,115,000 Ordinary Shares of 10 pence each in the Company ("Ordinary Shares").  Awards under the LTIP vest at the end of a three-year period, dependent upon the achievement of profit related performance conditions and continuous employment.  Details of these performance conditions can be found in the Group's annual report.

 

Issue of new Ordinary Shares and total voting rights

 

The Board has agreed to issue 1,422,560 Ordinary Shares to the Gateley Employee Benefit Trust ("the EBT") for the onward allocation to recipients of the RSA awards.

 

In addition, the Board announces the issue and allotment of 55,000 Ordinary Shares to the EBT for allocation to staff in Gateley Smithers Purslow.

 

Application will be made to the London Stock Exchange for the 1,477,560 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will take place at 8.00am on 5 May 2022.

 

The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue. Following Admission, Gateley's total issued share capital will comprise 124,556,879 Ordinary Shares. This number may be used by shareholders in Gateley as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of Gateley under the FCA's Disclosure Guidance and Transparency Rules.

 

Rod Waldie, Gateley Chief Executive Officer, said:

 

"The creation of wider share ownership across all levels of staff within the Group was one of our original goals when we became a public company in 2015. Our people are the bedrock on which the successful growth of the Group has been founded and they lie at the heart of our future growth ambitions.  The Plan is an important part of our strategy to incentivise and retain our emerging senior talent."

 

Enquiries:

 

Gateley (Holdings) Plc

 

Neil Smith, Finance Director

Tel: +44 (0) 121 234 0196

Nick Smith, Acquisitions Director and Head of Investor Relations

Tel: +44 (0) 20 7653 1665

Cara Zachariou, Head of Corporate Communications

Tel: +44 (0) 121 234 0074 Mob: +44 (0) 7703 684 946

 

 

Liberum - Nominated Adviser and Broker

Richard Lindley/Ben Cryer/Cara Murphy

 

Tel: +44 (0) 20 3100 2000

 

 

Belvedere Communications Limited - Financial PR

 

Cat Valentine

Mob: +44 (0) 7715 769 078

Keeley Clarke

Mob: +44 (0) 7967 816 525

Llew Angus

Mob: +44 (0) 7407 023 147

 

[email protected]

 



 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Richard Healey

2

Reason for notification


a.

Position/Status

Member of Strategic Board

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) Plc

b.

LEI

213800WZGNN7U6LEUM62

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

Issue of LTIP Options over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Award of LTIP options under LTIP scheme 

c.

Price(s) and volume(s)







Price(s)

Volume(s)


£54,375

25,000


d.

Aggregated information

- Aggregated Volume

- Price

 

N/a

Nil

e.

Date of the transaction

2 7 April 2022

f.

Place of the transaction

London Stock Exchange



 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Thomas Durrant

2

Reason for notification


a.

Position/Status

Member of Strategic Board

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) Plc

b.

LEI

213800WZGNN7U6LEUM62

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

Issue of LTIP Options over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Award of LTIP options under LTIP scheme 

c.

Price(s) and volume(s)







Price(s)

Volume(s)


£54,375

25,000


d.

Aggregated information

- Aggregated Volume

- Price

 

N/a

Nil

e.

Date of the transaction

2 7 April 2022

f.

Place of the transaction

London Stock Exchange



 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Victoria Walker (nee Garrad)

2

Reason for notification


a.

Position/Status

Member of Strategic Board

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) Plc

b.

LEI

213800WZGNN7U6LEUM62

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

Issue of LTIP Options over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Award of LTIP options under LTIP scheme 

c.

Price(s) and volume(s)







Price(s)

Volume(s)


£54,375

25,000


d.

Aggregated information

- Aggregated Volume

- Price

 

N/a

Nil

e.

Date of the transaction

2 7 April 2022

f.

Place of the transaction

London Stock Exchange



 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Neil Smith

2

Reason for notification


a.

Position/Status

Member of Holdings Board and Strategic Board

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) Plc

b.

LEI

213800WZGNN7U6LEUM62

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

Issue of LTIP Options over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Award of LTIP options under LTIP scheme 

c.

Price(s) and volume(s)







Price(s)

Volume(s)


£54,375

25,000


d.

Aggregated information

- Aggregated Volume

- Price

 

N/a

Nil

e.

Date of the transaction

2 7 April 2022

f.

Place of the transaction

London Stock Exchange



 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Katie Chester (nee Silvester)

2

Reason for notification


a.

Position/Status

Member of Strategic Board

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) Plc

b.

LEI

213800WZGNN7U6LEUM62

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

Issue of LTIP Options over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Award of LTIP options under LTIP scheme 

c.

Price(s) and volume(s)







Price(s)

Volume(s)


£16,312.50

7,500


d.

Aggregated information

- Aggregated Volume

- Price

 

N/a

Nil

e.

Date of the transaction

2 7 April 2022

f.

Place of the transaction

London Stock Exchange



 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

George Parker-Fuller

2

Reason for notification


a.

Position/Status

Member of Strategic Board

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) Plc

b.

LEI

213800WZGNN7U6LEUM62

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

Issue of LTIP Options over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Award of LTIP options under LTIP scheme 

c.

Price(s) and volume(s)







Price(s)

Volume(s)


£32,625

15,000


d.

Aggregated information

- Aggregated Volume

- Price

 

N/a

Nil

e.

Date of the transaction

2 7 April 2022

f.

Place of the transaction

London Stock Exchange



 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

James Madill

2

Reason for notification


a.

Position/Status

Member of Operations Board

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) Plc

b.

LEI

213800WZGNN7U6LEUM62

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

Issue of LTIP Options over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Award of LTIP options under LTIP scheme 

c.

Price(s) and volume(s)







Price(s)

Volume(s)


£32,625

15,000


d.

Aggregated information

- Aggregated Volume

- Price

 

N/a

Nil

e.

Date of the transaction

2 7 April 2022

f.

Place of the transaction

London Stock Exchange



 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Andrew Johnson

2

Reason for notification


a.

Position/Status

Member of Operations Board

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) Plc

b.

LEI

213800WZGNN7U6LEUM62

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

Issue of LTIP Options over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Award of LTIP options under LTIP scheme 

c.

Price(s) and volume(s)







Price(s)

Volume(s)


£32,625

15,000


d.

Aggregated information

- Aggregated Volume

- Price

 

N/a

Nil

e.

Date of the transaction

2 7 April 2022

f.

Place of the transaction

London Stock Exchange



 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Nick Capell

2

Reason for notification


a.

Position/Status

Member of Operations Board

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) Plc

b.

LEI

213800WZGNN7U6LEUM62

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

Issue of LTIP Options over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Award of LTIP options under LTIP scheme 

c.

Price(s) and volume(s)







Price(s)

Volume(s)


£27,187.50

12,500


d.

Aggregated information

- Aggregated Volume

- Price

 

N/a

Nil

e.

Date of the transaction

2 7 April 2022

f.

Place of the transaction

London Stock Exchange



 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Vikki Whittemore

2

Reason for notification


a.

Position/Status

Member of Operations Board

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) Plc

b.

LEI

213800WZGNN7U6LEUM62

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

Issue of LTIP Options over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Award of LTIP options under LTIP scheme 

c.

Price(s) and volume(s)







Price(s)

Volume(s)


£27,187.50

12,500


d.

Aggregated information

- Aggregated Volume

- Price

 

N/a

Nil

e.

Date of the transaction

2 7 April 2022

f.

Place of the transaction

London Stock Exchange



 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Jill Jenkinson

2

Reason for notification


a.

Position/Status

Member of Operations Board

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) Plc

b.

LEI

213800WZGNN7U6LEUM62

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

Issue of LTIP Options over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Award of LTIP options under LTIP scheme 

c.

Price(s) and volume(s)







Price(s)

Volume(s)


£32,625

15,000


d.

Aggregated information

- Aggregated Volume

- Price

 

N/a

Nil

e.

Date of the transaction

2 7 April 2022

f.

Place of the transaction

London Stock Exchange

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHFLFELSDITFIF

a d v e r t i s e m e n t