TIDMGHE
RNS Number : 9532H
Gresham House PLC
11 April 2022
11 April 2022
Gresham House plc
("Gresham House" or the "Company")
Director/PDMR Exercise & Long Term Incentive Scheme
Awards
Gresham House announces that its wholly-owned subsidiary Gresham
House Holdings Limited ("GHHL") has, pursuant to the long term
incentive plan approved by the Company's shareholders at the
General Meeting of Gresham House held on 20 November 2015 ("2016
LTIP"), received requests from three PDMRs to exercise their put
options over the GHHL shares listed below ("Put Options"),
following satisfaction of both the Hurdle Condition and the
Performance Condition set out in the Company's announcement dated
23 December 2019.
Following the exercise of the Put Options, the Directors/PDMRs
listed below retain significant share-based long-term incentives in
the Company.
Director/PDMR Title Put Options
Andrew Hampshire Chief Operating Officer 60 GHHL D Shares
Kevin Acton Chief Financial Officer 60 GHHL D Shares
Samee Khan Chief Legal Officer 60 GHHL D Shares
The Put Options were satisfied in accordance with the provisions
of the 2016 LTIP by the Company repurchasing the total of 180 GHHL
D Shares from Mr Hampshire, Mr Acton and Mr Khan respectively.
Vesting of 2018 Performance Share Plan ("PSP") awards and PDMR
Shareholding
Following the vesting of the PSP awards previously announced on
25 July 2019, Mr Khan has exercised nil cost options over a gross
number of 29,226 ordinary shares of 25 pence each in the capital of
the Company ("Ordinary Shares"). The net number of Ordinary Shares
that will be transferred by the Gresham House plc Employee Benefit
Trust to Mr Khan, after adjustment for taxes, is 15,687 Ordinary
Shares.
Following the exercise, Mr Khan will beneficially hold 23,217
Ordinary Shares in the Company, equating to 0.06% of the Company's
issued share capital.
Save as You Earn Scheme ("SAYE") PDMR Notifications
The Company further announces that, on 7 April 2022, SAYE
options over 138,422 Ordinary Shares were granted to eligible
employees of the Company at a price of 665.6 pence per Ordinary
Share.
The right to acquire the Ordinary Shares over which the SAYE
options have been granted, is conditional upon the employees'
continued employment on 1 June 2025.
Approximately 62% of eligible employees have elected to
participate in the SAYE overall.
Pursuant to the SAYE, the following PDMRs have been granted, in
aggregate in 2022, SAYE options over 13,520 Ordinary Shares as
listed below:
Director/PDMR Title SAYE options granted
Anthony Dalwood Chief Executive Officer 2,704
Kevin Acton Chief Financial Officer 2,704
Managing Director, Gresham
Rupert Robinson House Asset Management Limited 2,704
Chief Operating Officer and
Andrew Hampshire Chief Technology Officer 2,704
Benjamin Guest Managing Director, New Energy 2,704
- Ends -
For more information contact:
Gresham House plc +44 (0)20 3837
Kevin Acton, Chief Financial Officer 6270
Houston - media and analysts gh@houston.co.uk
Kay Larsen +44 (0) 20 4 529
Joe Burgess 0549
Canaccord Genuity Limited - Nominated Adviser
and Joint Broker
Bobbie Hilliam +44 (0)20 7523
Georgina McCooke 8000
Jefferies International Limited - Joint
Broker and Financial Adviser
Paul Nicholls +44 (0)20 7029
Max Jones 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 Andrew Hampshire
------------------------- ----------------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------
a) Position/status Chief Operating Officer
------------------------- ----------------------------------------------------
b) Initial Initial Notification
notification/
Amendment
------------------------- ----------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a) Name Gresham House Holdings Limited
------------------------- ----------------------------------------------------
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 60 D Ordinary Shares in Gresham House Holdings
of the Limited (a wholly owned subsidiary of Gresham
financial House plc), the value of which is derived from
instrument, the increase in value of the ordinary shares in
type of Gresham House plc.
instrument
IDENTIFICATION CODE FOR GRESHAM HOUSE PLC ORDINARY
Identification SHARES GB0003887278
code
------------------------- ----------------------------------------------------
b) Nature Employee Share Scheme - exercise of put options
of the
transaction
------------------------- ----------------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s)
GBP11,701.34 60
----------
------------------------- ----------------------------------------------------
d) Aggregated
information
* Aggregated volume N/A
* Price
------------------------- ----------------------------------------------------
e) Date of 8 April 2022
the transaction
------------------------- ----------------------------------------------------
f) Place of Outside Trading Venue
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 Chief Financial Officer
------------------------- ----------------------------------------------------
b) Initial Initial Notification
notification/
Amendment
------------------------- ----------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a) Name Gresham House Holdings Limited
------------------------- ----------------------------------------------------
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 60 D Ordinary Shares in Gresham House Holdings
of the Limited (a wholly owned subsidiary of Gresham
financial House plc), the value of which is derived from
instrument, the increase in value of the ordinary shares in
type of Gresham House plc.
instrument
Identification
code IDENTIFICATION CODE FOR GRESHAM HOUSE PLC ORDINARY
SHARES GB0003887278
------------------------- ----------------------------------------------------
b) Nature Employee Share Scheme - exercise of put options
of the
transaction
------------------------- ----------------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s)
GBP11,701.34 60
----------
------------------------- ----------------------------------------------------
d) Aggregated
information
* Aggregated volume N/A
* Price
------------------------- ----------------------------------------------------
e) Date of 8 April 2022
the transaction
------------------------- ----------------------------------------------------
f) Place of Outside Trading Venue
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 Samee Khan
------------------------- ----------------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------
a) Position/status Chief Legal Officer
------------------------- ----------------------------------------------------
b) Initial Initial Notification
notification/
Amendment
------------------------- ----------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a) Name Gresham House Holdings Limited
------------------------- ----------------------------------------------------
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 60 D Ordinary Shares in Gresham House Holdings
of the Limited (a wholly owned subsidiary of Gresham
financial House plc), the value of which is derived from
instrument, the increase in value of the ordinary shares in
type of Gresham House plc.
instrument
Identification
code IDENTIFICATION CODE FOR GRESHAM HOUSE PLC ORDINARY
SHARES GB0003887278
------------------------- ----------------------------------------------------
b) Nature Employee Share Scheme - exercise of put options
of the
transaction
------------------------- ----------------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s)
GBP11,701.34 60
----------
------------------------- ----------------------------------------------------
d) Aggregated
information
* Aggregated volume N/A
* Price
------------------------- ----------------------------------------------------
e) Date of 8 April 2022
the transaction
------------------------- ----------------------------------------------------
f) Place of Outside Trading Venue
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 Samee Khan
--------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status 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 ISIN: GB0003887287
code
--------------------------- ------------------------------------------
b) Nature of Vesting and exercise of award under
the transaction the 2018 Performance Share Plan
--------------------------- ------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) 513p 29,226 gross
shares
-------------
--------------------------- ------------------------------------------
d) Aggregated
information
* Aggregated volume N/A
* Price
--------------------------- ------------------------------------------
e) Date of the 8 April 2022
transaction
--------------------------- ------------------------------------------
f) Place of Outside Trading Venue
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 Anthony Dalwood
--------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Chief Executive 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 ISIN: GB0003887287
code
--------------------------- ------------------------------------------
b) Nature of Grant of Save-As-You-Earn Options
the transaction
--------------------------- ------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) 665.6p 2,704
----------
--------------------------- ------------------------------------------
d) Aggregated
information
* Aggregated volume N/A
* Price
--------------------------- ------------------------------------------
e) Date of the 7 April 2022
transaction
--------------------------- ------------------------------------------
f) Place of Outside Trading Venue
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 Chief Financial 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 ISIN: GB0003887287
code
--------------------------- ------------------------------------------
b) Nature of Grant of Save-As-You-Earn Options
the transaction
--------------------------- ------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) 665.6p 2,704
----------
--------------------------- ------------------------------------------
d) Aggregated
information
* Aggregated volume N/A
* Price
--------------------------- ------------------------------------------
e) Date of the 7 April 2022
transaction
--------------------------- ------------------------------------------
f) Place of Outside Trading Venue
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 Managing Director, 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 ISIN: GB0003887287
code
--------------------------- ------------------------------------------
b) Nature of Grant of Save-As-You-Earn Options
the transaction
--------------------------- ------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) 665.6p 2,704
----------
--------------------------- ------------------------------------------
d) Aggregated
information
* Aggregated volume N/A
* Price
--------------------------- ------------------------------------------
e) Date of the 7 April 2022
transaction
--------------------------- ------------------------------------------
f) Place of Outside Trading Venue
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 Andrew Hampshire
------------------------- ---------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Chief Operating Officer and Chief Technology
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 ISIN: GB0003887287
code
------------------------- ---------------------------------------------
b) Nature of Grant of Save-As-You-Earn Options
the transaction
------------------------- ---------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) 665.6p 2,704
----------
------------------------- ---------------------------------------------
d) Aggregated
information
* Aggregated volume N/A
* Price
------------------------- ---------------------------------------------
e) Date of the 7 April 2022
transaction
------------------------- ---------------------------------------------
f) Place of Outside Trading Venue
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 Benjamin Guest
--------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Managing Director, New Energy
--------------------------- ------------------------------------------
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 ISIN: GB0003887287
code
--------------------------- ------------------------------------------
b) Nature of Grant of Save-As-You-Earn Options
the transaction
--------------------------- ------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) 665.6p 2,704
----------
--------------------------- ------------------------------------------
d) Aggregated
information
* Aggregated volume N/A
* Price
--------------------------- ------------------------------------------
e) Date of the 7 April 2022
transaction
--------------------------- ------------------------------------------
f) Place of Outside Trading Venue
the transaction
--------------------------- ------------------------------------------
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END
DSHGIGDSLSBDGDB
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April 11, 2022 04:49 ET (08:49 GMT)
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