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Gresham House PLC (GHE)

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Wednesday 16 March, 2022

Gresham House PLC

2018 Bonus Share Matching Plan and PDMR updates

RNS Number : 8932E
Gresham House PLC
16 March 2022
 

16 March 2022 

 

 

Gresham House plc

 

("Gresham House" or the "Company")

 

 

Issue of awards to management and certain employees under the Company's 2018 Bonus Share Matching Plan (the "Plan") and PDMR notifications

 

Gresham House, (AIM: GHE) the specialist alternative asset manager, notifies that certain members of its management team and employees have elected to defer such amount of their 2021 bonuses as is permitted by the Company and receive, in exchange and subject to vesting, ordinary shares of 25 pence each in the capital of the Company ("Ordinary Shares"), pursuant to the Plan.

 

The purpose of the Plan is to encourage Gresham House UK employees to invest in the long-term growth of the Company and approximately 40% of all eligible UK employees participated in the Plan this year. Under the Plan, equal portions of any award are subject to the Ordinary Shares achieving a 7% compound annual growth rate and out-performing the FTSE All Share Index, measured over the period from the date of award to the date of vesting of the award. In the event that these performance conditions are not met, the participants will receive, on vesting, only the Ordinary Shares notionally allocated to them arising from their deferred bonus.

 

The notifications which follow, made pursuant to Article 19(3) of the Market Abuse Regulation, provide further details. The awards set out below are in respect of the Ordinary Shares notionally allocated to the relevant PDMR which arise from the exchange of their deferred bonus, subject to vesting. Any matching Ordinary Shares due to vest will be issued in accordance with the Plan and upon the satisfaction of the conditions set out above.

 

PDMR

Title

Award*

Anthony Dalwood

Chief Executive Officer

11,372

Rupert Robinson

Managing Director, Gresham House Asset Management Limited

11,372

Kevin Acton

Chief Financial Officer

11,372

Andrew Hampshire

Chief Operating Officer and Chief Technology Officer

11,372

Samee Khan

Chief Legal Officer

5,686

Benjamin Guest

Managing Director, New Energy

11,372

Heather Fleming

Managing Director Institutional Business

5,686

Bevan Duncan

Managing Director, Strategic Equity

19,902

 

* Ordinary Shares notionally allocated to the relevant PDMR which arise from the exchange of their deferred bonus .

- Ends -

 

For more information contact:   

 

Gresham House plc   

Tony Dalwood, Chief Executive Officer 

Kevin Acton, Chief Financial Officer 

 

+44 (0)20 3837 6270 

Houston - media and analysts   

Kay Larsen

Joe Burgess

 

[email protected] 

+44 (0) 20 4 529 0549 

Canaccord Genuity Limited - Nominated Adviser and Joint Broker   

Bobbie Hilliam 

Georgina McCooke 

 

+44 (0)20 7523 8000 

 

Jefferies International Limited - Joint Broker and Financial Adviser 

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

 

Award pursuant to the Company's 2018 Bonus Share Matching Plan

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

879.30p

11,372

 

 

 

d)

Aggregated information

 

Aggregated volume

 

Price

 

 

 

 

N/A

e)

Date of the transaction

 

15 March 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

 

Award pursuant to the Company's 2018 Bonus Share Matching Plan

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

879.30p

11,372

 

 

 

d)

Aggregated information

 

Aggregated volume

 

Price

 

 

 

 

N/A

e)

Date of the transaction

 

15 March 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

 

Award pursuant to the Company's 2018 Bonus Share Matching Plan

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

879.30p

11,372

 

 

 

d)

Aggregated information

 

Aggregated volume

 

Price

 

 

 

 

N/A

e)

Date of the transaction

 

15 March 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

 

Award pursuant to the Company's 2018 Bonus Share Matching Plan

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

879.30p

11,372

 

 

 

d)

Aggregated information

 

Aggregated volume

 

Price

 

 

 

 

N/A

e)

Date of the transaction

 

15 March 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

 

Award pursuant to the Company's 2018 Bonus Share Matching Plan

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

879.30p

5,686

 

 

 

d)

Aggregated information

 

Aggregated volume

 

Price

 

 

 

 

N/A

e)

Date of the transaction

 

15 March 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

 

Benjamin Guest

2

Reason for the notification

 

a)

Position/status

 

Managing Director, New Energy

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

 

Award pursuant to the Company's 2018 Bonus Share Matching Plan

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

879.30p

11,372

 

 

 

d)

Aggregated information

 

Aggregated volume

 

Price

 

 

 

 

N/A

e)

Date of the transaction

 

15 March 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

 

Heather Fleming

2

Reason for the notification

 

a)

Position/status

 

Managing Director Institutional Business

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

 

Award pursuant to the Company's 2018 Bonus Share Matching Plan

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

879.30p

5,686

 

 

 

d)

Aggregated information

 

Aggregated volume

 

Price

 

 

 

 

N/A

e)

Date of the transaction

 

15 March 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

 

Bevan Duncan

2

Reason for the notification

 

a)

Position/status

 

Managing Director, Strategic Equity

 

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

 

Award pursuant to the Company's 2018 Bonus Share Matching Plan

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

879.30p

19,902

 

 

 

d)

Aggregated information

 

Aggregated volume

 

Price

 

 

 

 

N/A

e)

Date of the transaction

 

15 March 2022

f)

Place of the transaction

 

Outside trading venue

 

 

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