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

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