Gresham Technologies PLC Conditional Share Awards and PDMR Dealings (9437P)
22 October 2021 - 7:14PM
UK Regulatory
TIDMGHT
RNS Number : 9437P
Gresham Technologies PLC
22 October 2021
22 October 2021
Gresham Technologies plc
Grant of Conditional Share Awards and PDMR Dealings
Gresham Technologies plc (LSE: "GHT", "Gresham", "Company",
"Group"), the leading software and services company that
specialises in providing solutions for data integrity and control,
banking integration, payments and cash management, announces that
it has made inaugural grants of Conditional Share Awards pursuant
to the Company's Performance Share Plan ("PSP").
As set out in the Company's circular dated 11 December 2020, the
remuneration committee has discretion to approve the grant of
Conditional Share Awards under the PSP to attract, retain and
incentivise key employees of the Group. This inaugural grant
follows the successful execution of a first phase of integration
and organisational change as a result of the Group's acquisition of
Electra Information Systems in June 2021. The awards are designed
to secure and promote the Group's long-term strategic objectives,
and further awards are expected to be made in the subsequent nine
years of the plan, subject always to the plan limits.
The inaugural grant, which includes new and existing key
employees of the Group, includes the following grants to executive
directors:
Executive Director Conditional Share Award*
Ian Manocha (CEO) 203,000
Tom Mullan (CFO) 75,000
* Maximum potential award. Actual values will be based on
achievement of performance targets over the vesting period.
The grant of Conditional Share Awards was made on 21 October
2021 pursuant to the rules of the Performance Share Plan 2020,
which was adopted by shareholders on 30 December 2020. Each
Conditional Share Award is subject to a minimum three-year vesting
period and will only vest if and to the extent that certain
individual and financial performance targets are achieved, up to
the maximum stated above, subject to the awardee remaining in the
Company's employment throughout the vesting period. The Conditional
Share Award made to Mr Ian Manocha includes a base award of 135,000
shares and an additional potential award of up to 68,000 shares in
the event of exceptional performance.
The notification below, made in accordance with the requirements
of the UK Market Abuse Regulation, provides further detail of the
awards to PDMRs.
Enquiries
+44 (0) 207 653
Gresham Technologies plc 0200
Ian Manocha
Tom Mullan
Singer Capital Markets (Financial Adviser and +44 (0) 207 496
Broker) 3000
Shaun Dobson / Tom Salvesen / Jen Boorer
Inside information
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). Upon the
publication of this announcement via a Regulatory Information
Service ("RIS"), this inside information is now considered to be in
the public domain.
Note to editors
Gresham Technologies plc is a leading software and services
company that specialises in providing real-time solutions for data
integrity and control, banking integration, payments and cash
management. Listed on the main market of the London Stock Exchange
(GHT.L) and headquartered in the City of London, its customers
include some of the world's largest financial institutions and
corporates, all of whom are served locally from offices located in
the UK, Europe, North America and Asia Pacific.
Gresham's award-winning Clareti software platform is a highly
flexible and scalable platform, available on-site or in the cloud,
designed to address today's most challenging financial control,
risk management, data governance and regulatory compliance
problems. Learn more at www.greshamtech.com.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Ian Manocha
----------------------------------------- --------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
----------------------------------------- --------------------------------------
b) Initial notification Initial
/Amendment
----------------------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------
a) Name Gresham Technologies plc
----------------------------------------- --------------------------------------
b) LEI 213800F71LW7L4Y7QL29
----------------------------------------- --------------------------------------
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 Ordinary shares of 5 pence each
financial instrument,
type of instrument
GB0008808825
Identification code
----------------------------------------- --------------------------------------
b) Nature of the transaction Grant of conditional share awards
pursuant to the Performance Share
Plan 2020
----------------------------------------- --------------------------------------
c) Price(s) and volume(s) Price Volume
----------------------------------------- -------------------- ----------------
Nil cost 203,000
------------------------------------------------------------------- ----------------
d) Aggregated information
- Aggregated volume n/a - single transaction
- Price
----------------------------------------- --------------------------------------
e) Date of the transaction 21 October 2021
----------------------------------------- --------------------------------------
f) Place of the transaction London Stock Exchange
----------------------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Tom Mullan
------------------------------------------ --------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------------------------ --------------------------------------
b) Initial notification Initial
/Amendment
------------------------------------------ --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
a) Name Gresham Technologies plc
------------------------------------------ --------------------------------------
b) LEI 213800F71LW7L4Y7QL29
------------------------------------------ --------------------------------------
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 Ordinary shares of 5 pence each
financial instrument,
type of instrument
GB0008808825
Identification code
------------------------------------------ --------------------------------------
b) Nature of the transaction Grant of conditional share awards
pursuant to the Performance Share
Plan 2020
------------------------------------------ --------------------------------------
c) Price(s) and volume(s) Price Volume
------------------------------------------ ---------------------- --------------
Nil cost 75,000
---------------------------------------------------------------------- --------------
d) Aggregated information
- Aggregated volume n/a - single transaction
- Price
------------------------------------------ --------------------------------------
e) Date of the transaction 21 October 2021
------------------------------------------ --------------------------------------
f) Place of the transaction London Stock Exchange
------------------------------------------ --------------------------------------
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