TIDMGHE
RNS Number : 6419T
Gresham House PLC
22 March 2019
Gresham House Plc
("Gresham House" or the "Company")
Investment by Management into Ordinary Shares of the Company
Gresham House, the specialist alternative asset manager,
announces that certain directors and employees have elected to
invest and defer up to the maximum amount permitted of their 2018
bonus award into ordinary shares in the Company (the "Ordinary
Shares") pursuant to the Company's Bonus Share Matching Plan (the
"Plan").
The purpose of the Plan is to encourage Gresham House employees
to invest in the long-term growth of the Company. Under the Plan,
equal portions of any award are subject to achieving 7 per cent.
compound annual growth rate in total shareholder return and
out-performing the FTSE All Share Index from the date of deferral.
In the event that this performance condition is not met, the
participants of the Plan will receive only the ordinary shares
acquired with the deferred bonus.
Further details of the Plan are set out at page 91 of the 2018
annual report, which can be found on the Company's website,
www.greshamhouse.com.
Application has been made for the admission to trading on AIM
("Admission") for 107,225 Ordinary Shares issued under the Plan at
a price of 445.33p per Ordinary Share, which equates to the average
of the mid-market closing price over the ten trading days prior to
Award as set out in as set out in the terms of the Plan. The new
Ordinary Shares will rank pari passu in all respects with the
existing Ordinary Shares of the Company. Admission of the new
Ordinary Shares is expected on 27 March 2019.
Following Admission, the Company's issued share capital will
comprise 24,989,570 Ordinary Shares, which figure may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company under the FCA's Disclosure and Transparency Rules. The
Company does not hold any shares in treasury.
The notifications which follow, made pursuant to Article 19(3)
of the Market Abuse Regulation, provide further details. The
dealings set out below are in respect of the initial shares
purchased by the relevant Person Discharging Managerial
Responsibilities ("PDMR"). Any matching shares due to be issued
will be issued upon the satisfaction of the conditions set out
above.
- Ends -
For more information contact:
Gresham House plc
John-Paul Preston, Company Secretary +44 (0)20 3837 6270
Montfort Communications greshamhouse@montfort.london
Olly Scott +44 (0)78 1234 5205
Canaccord Genuity Limited - Nominated
Adviser
and Joint Broker
Bobbie Hilliam +44 (0)20 7523 8000
Jefferies International Limited - Financial
Adviser
and Joint Broker
Paul Nicholls
Max Jones
Chris Binks +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. 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 CEO
------------------------- --------------------------------------------
b) Initial notification/ Initial Notification
Amendment
------------------------- --------------------------------------------
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 Ordinary Shares of 25p in Gresham House
of the financial plc.
instrument,
type of instrument
Identification
code
ISIN: GB0003887287
------------------------- --------------------------------------------
b) Nature of Buy
the transaction
------------------------- --------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) 445.33p 45472
----------
------------------------- --------------------------------------------
d) Aggregated
information
Aggregated N/A
volume
Price
------------------------- --------------------------------------------
e) Date of the 21 March 2019
transaction
------------------------- --------------------------------------------
f) Place of London Stock Exchange, AIM
the transaction
------------------------- --------------------------------------------
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 MD, Gresham House Asset Management Limited
------------------------ ---------------------------------------------
b) Initial notification/ Initial Notification
Amendment
------------------------ ---------------------------------------------
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 Ordinary Shares of 25p in Gresham House
of the financial plc.
instrument,
type of instrument
Identification
code
ISIN: GB0003887287
------------------------ ---------------------------------------------
b) Nature of Buy
the transaction
------------------------ ---------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) 445.33p 12351
----------
------------------------ ---------------------------------------------
d) Aggregated
information
Aggregated N/A
volume
Price
------------------------ ---------------------------------------------
e) Date of the 21 March 2019
transaction
------------------------ ---------------------------------------------
f) Place of London Stock Exchange, AIM
the transaction
------------------------ ---------------------------------------------
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 Finance Director
------------------------- --------------------------------------------
b) Initial notification/ Initial Notification
Amendment
------------------------- --------------------------------------------
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 Ordinary Shares of 25p in Gresham House
of the financial plc.
instrument,
type of instrument
Identification
code
ISIN: GB0003887287
------------------------- --------------------------------------------
b) Nature of Buy
the transaction
------------------------- --------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) 445.33p 6737
----------
------------------------- --------------------------------------------
d) Aggregated
information
Aggregated N/A
volume
Price
------------------------- --------------------------------------------
e) Date of the 21 March 2019
transaction
------------------------- --------------------------------------------
f) Place of London Stock Exchange, AIM
the transaction
------------------------- --------------------------------------------
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 John-Paul Preston
------------------------- --------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Head of Corporate Advisory & Chief Legal
Officer
------------------------- --------------------------------------------
b) Initial notification/ Initial Notification
Amendment
------------------------- --------------------------------------------
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 Ordinary Shares of 25p in Gresham House
of the financial plc.
instrument,
type of instrument
Identification
code
ISIN: GB0003887287
------------------------- --------------------------------------------
b) Nature of Buy
the transaction
------------------------- --------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) 445.33p 44911
----------
------------------------- --------------------------------------------
d) Aggregated
information
Aggregated N/A
volume
Price
------------------------- --------------------------------------------
e) Date of the 21 March 2019
transaction
------------------------- --------------------------------------------
f) Place of London Stock Exchange, AIM
the transaction
------------------------- --------------------------------------------
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END
IOEUAUNRKWAOUAR
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