TIDMGHE
RNS Number : 6872W
Gresham House PLC
13 December 2023
13 December 2023
Gresham House plc
("Gresham House" or the "Company")
Issue of Shares to Employee Benefit Trust and PDMR Dealings
Issue of shares to employee benefit trust
As announced earlier today, the scheme of arrangement set out
within the circular published on 4 August 2023 to implement the
acquisition of Gresham House by Seed Bidco Limited pursuant to Part
26 of the Companies Act 2006 ("Scheme") received the sanction of
the Court this morning. Capitalised terms used but not otherwise
defined in this announcement shall have the meaning given to them
in the Scheme Document.
As announced on 8 December 2023, the Company has applied to AIM
for a block listing of 4,157,529 new ordinary shares of GBP0.25
each in the Company.
In order to satisfy the exercise of options granted pursuant to
certain Gresham House employee share plans which were exercised
immediately following the sanction of the Scheme by the Court, the
Company's Employee Benefit Trust ("EBT") has subscribed for
2,774,782 new ordinary shares in the Company ("New Ordinary
Shares") at their par value of GBP0.25 each, at an aggregate cost
to the EBT of GBP693,695.50. The Company gifted GBP693,695.50 to
the EBT to fund its subscription for the New Ordinary Shares.
Accordingly, the Company has today allotted the New Ordinary
Shares to the EBT and such shares rank pari passu in all respects
with the existing ordinary shares of GBP0.25 each in the Company.
It is anticipated that the New Ordinary Shares will be admitted to
trading on AIM today ("Admission").
Following Admission, the Company's issued share capital will
comprise 41,048,778 ordinary shares of GBP0.25 each, 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.
Director/PDMR dealings
Immediately following the sanction of the Scheme by the Court,
the following persons discharging managerial responsibilities
exercised options to acquire ordinary shares of GBP0.25 each in the
Company from the EBT pursuant to certain share awards granted to
them under the Gresham House plc Performance Share Plan 2018, as
amended on 23 December 2020:
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Anthony Dalwood
------------------------- ---------------------------------------------------
Reason for the notification
2
------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------- ---------------------------------------------------
b) Initial notification/ Initial Notification
Amendment
------------------------- ---------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------
a) Name Gresham House plc
------------------------- ---------------------------------------------------
b) LEI N/A
------------------------- ---------------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 GBP0.25 in Gresham House
of the financial plc.
instrument,
type of instrument
Identification
code
ISIN: GB0003887287
------------------------- ---------------------------------------------------
b) Nature of Exercise of options pursuant to the Gresham
the transaction House plc Performance Share Plan 2018, as amended
on 23 December 2020
------------------------- ---------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) nil exercise
price 924,016
----------
------------------------- ---------------------------------------------------
d) Aggregated
information
* Aggregated volume N/A
* Price
------------------------- ---------------------------------------------------
e) Date of the 13 December 2023
transaction
------------------------- ---------------------------------------------------
f) Place of the Outside trading venue
transaction
------------------------- ---------------------------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Rupert Robinson
------------------------- ---------------------------------------------------
Reason for the notification
2
------------------------------------------------------------------------------
a) Position/status Managing Director, Gresham House Asset Management
Limited
------------------------- ---------------------------------------------------
b) Initial notification/ Initial Notification
Amendment
------------------------- ---------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------
a) Name Gresham House plc
------------------------- ---------------------------------------------------
b) LEI N/A
------------------------- ---------------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 GBP0.25 in Gresham House
of the financial plc.
instrument,
type of instrument
Identification
code
ISIN: GB0003887287
------------------------- ---------------------------------------------------
b) Nature of Exercise of options pursuant to the Gresham
the transaction House plc Performance Share Plan 2018, as amended
on 23 December 2020
------------------------- ---------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) nil exercise
price 668,136
----------
------------------------- ---------------------------------------------------
d) Aggregated
information
* Aggregated volume N/A
* Price
------------------------- ---------------------------------------------------
e) Date of the 13 December 2023
transaction
------------------------- ---------------------------------------------------
f) Place of the Outside trading venue
transaction
------------------------- ---------------------------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Kevin Acton
------------------------- ---------------------------------------------------
Reason for the notification
2
------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------- ---------------------------------------------------
b) Initial notification/ Initial Notification
Amendment
------------------------- ---------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------
a) Name Gresham House plc
------------------------- ---------------------------------------------------
b) LEI N/A
------------------------- ---------------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 GBP0.25 in Gresham House
of the financial plc.
instrument,
type of instrument
Identification
code
ISIN: GB0003887287
------------------------- ---------------------------------------------------
b) Nature of Exercise of options pursuant to the Gresham
the transaction House plc Performance Share Plan 2018, as amended
on 23 December 2020
------------------------- ---------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) nil exercise
price 469,116
----------
------------------------- ---------------------------------------------------
d) Aggregated
information
* Aggregated volume N/A
* Price
------------------------- ---------------------------------------------------
e) Date of the 13 December 2023
transaction
------------------------- ---------------------------------------------------
f) Place of the Outside trading venue
transaction
------------------------- ---------------------------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Samee Khan
------------------------- ---------------------------------------------------
Reason for the notification
2
------------------------------------------------------------------------------
a) Position/status Chief Legal Officer
------------------------- ---------------------------------------------------
b) Initial notification/ Initial Notification
Amendment
------------------------- ---------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------
a) Name Gresham House plc
------------------------- ---------------------------------------------------
b) LEI N/A
------------------------- ---------------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 GBP0.25 in Gresham House
of the financial plc.
instrument,
type of instrument
Identification
code
ISIN: GB0003887287
------------------------- ---------------------------------------------------
b) Nature of Exercise of options pursuant to the Gresham
the transaction House plc Performance Share Plan 2018, as amended
on 23 December 2020
------------------------- ---------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) nil exercise
price 341,176
----------
------------------------- ---------------------------------------------------
d) Aggregated
information
* Aggregated volume N/A
* Price
------------------------- ---------------------------------------------------
e) Date of the 13 December 2023
transaction
------------------------- ---------------------------------------------------
f) Place of the Outside trading venue
transaction
------------------------- ---------------------------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Andrew Hampshire
------------------------- ---------------------------------------------------
Reason for the notification
2
------------------------------------------------------------------------------
a) Position/status Chief Operating Officer and Chief Technology
Officer
------------------------- ---------------------------------------------------
b) Initial notification/ Initial Notification
Amendment
------------------------- ---------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------
a) Name Gresham House plc
------------------------- ---------------------------------------------------
b) LEI N/A
------------------------- ---------------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 GBP0.25 in Gresham House
of the financial plc.
instrument,
type of instrument
Identification
code
ISIN: GB0003887287
------------------------- ---------------------------------------------------
b) Nature of Exercise of options pursuant to the Gresham
the transaction House plc Performance Share Plan 2018, as amended
on 23 December 2020
------------------------- ---------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) nil exercise
price 383,822
----------
------------------------- ---------------------------------------------------
d) Aggregated
information
* Aggregated volume N/A
* Price
------------------------- ---------------------------------------------------
e) Date of the 13 December 2023
transaction
------------------------- ---------------------------------------------------
f) Place of the Outside trading venue
transaction
------------------------- ---------------------------------------------------
-Ends-
For more information contact:
Gresham House plc
Kevin Acton, Chief Financial Officer +44 (0)20 3837 6270
Houston - media and analysts
Kay Larsen
Alex Clelland
Kelsey Traynor +44 (0)20 4529 0549
Canaccord Genuity Limited - Nominated
Adviser and Joint Broker
Bobbie Hilliam
Harry Pardoe +44 (0)20 7523 8000
Jefferies International Limited
- Joint Broker and Financial Adviser
Paul Nicholls
James Umbers +44 (0)20 7029 8000
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END
DSHGZMMZKFFGFZM
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