29 January 2021
Gresham House plc
("Gresham House" or the "Company")
Performance Share Plan Awards
("LTIP Options")
Gresham House today announces that on 27 January 2021 (the "Award Date"), pursuant to the rules of the Gresham House plc Performance Share Plan 2018 ("PSP"), the Company awarded the PDMR listed below, in aggregate, nil-cost options over 6,146 ordinary shares in the capital of the Company ("Ordinary Shares") based on a price of 814p, being the average closing price of the Ordinary Shares over the ten trading days prior to the Award Date.
| PDMR | Position | Number of LTIP Options granted | Total subsequent number of LTIP Options held |
| Heather Fleming | Head of Institutional Sales | 6,146 | 62,604 |
The above award will be subject to a three year vesting period and is subject to the PDMR remaining an employee of the Company and satisfying the relevant conditions set out in the PSP.
Following the end of the vesting period and satisfaction of the relevant conditions, the award holder can exercise the LTIP Options and acquire Ordinary Shares for nil cost, subject to the payment of any applicable taxes.
- Ends -
| For more information contact: Gresham House plc Kevin Acton, Chief Financial Officer
|
+44 (0)20 3837 6271
|
| Houston PR Kate Hoare Alexander Clelland Anushka Mathew
| gh@houstonpr.co.uk +44 (0)20 3701 7660 |
| Canaccord Genuity Limited - Nominated Adviser and Joint Broker Bobbie Hilliam Georgina McCooke
| +44 (0)20 7523 8000 |
| Jefferies International Limited - Financial Adviser and Joint Broker Paul Nicholls Max Jones | +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 (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.
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
| Heather Fleming |
| ||||
| 2 | Reason for the notification
|
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| a) | Position/status
| Head of Institutional Sales |
| ||||
| b) | Initial notification/ Amendment
| Initial Notification |
| ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
| |||||
| a) | Name
| Gresham House plc |
| ||||
| b) | LEI
| 213800JYVCBZZHBFEL28
|
| ||||
| 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 financial instrument, type of instrument
Identification code
| Ordinary Shares in Gresham House plc.
IDENTIFICATION CODE FOR GRESHAM HOUSE PLC ORDINARY SHARES GB0003887278
|
| ||||
| b) | Nature of the transaction
| Performance Share Plan Award |
| ||||
| c) | Price(s) and volume(s)
|
|
| ||||
| d) | Aggregated information
-Aggregated volume
-Price
|
N/A - Single Transaction |
| ||||
| e) | Date of the transaction
| 27/01/2021 |
| ||||
| f) | Place of the transaction
| London Stock Exchange, AIM |
| ||||
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