21 June 2021
Gresham House plc
("Gresham House" or the "Company")
Director/PDMR shareholding
Gresham House, (AIM: GHE) the specialist alternative asset manager, announces that, pursuant to the vesting of the 2018 Hazel Team Long Term Incentive Plan ("2018 LTIP"), Benjamin Guest, a PDMR of GHE, has exercised his Put Right (as defined in the Articles of Association ("Articles") of Gresham House New Energy Limited ("GHNE") in respect of all of his vested A Ordinary Shares of 1 pence each in the capital of GHNE ("GHNE Shares").
The exercise will be satisfied in accordance with the provisions of the Articles and the 2018 LTIP by:
· the Company purchasing 340 GHNE Shares from Benjamin Guest for £4,424,972.63 in cash; and
· the Gresham House plc Employee Benefit Trust (the "Trust") purchasing 501 GHNE Shares from Benjamin Guest in exchange for:
o 694,158 ordinary shares of 25 pence each in the capital of the Company ("Ordinary Shares") at a price of 787.5 pence per Ordinary Share; and
o 133,492 Ordinary Shares (which will be subject to lock up restrictions until 31 December 2024) at a price of 787.5 pence per Ordinary Share.
These 827,650 Ordinary Shares will be transferred by the Trust to Benjamin Guest. His resultant shareholding of Ordinary Shares, including those subject to lock up restrictions, is listed below.
| Director/PDMR | Title | Resultant shareholding in Gresham House plc | Resultant percentage shareholding in Gresham House plc |
| Benjamin Guest | Managing Director, Gresham House New Energy | 1,097,431 | 3.34% |
- Ends -
| For more information contact: Gresham House plc Kevin Acton, Chief Financial Officer
|
+44 (0)20 3837 6271
|
| Houston Alexander Clelland
| gh@houston.co.uk +44 (0)20 4529 0549 |
| 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
| Benjamin Guest | ||||
| 2 | Reason for the notification
| |||||
| a) | Position/status
| Managing Director, Gresham House New Energy | ||||
| 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
| 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 of the financial instrument, type of instrument
Identification code
| Ordinary Shares of 25p in Gresham House plc.
ISIN: GB0003887287
| ||||
| b) | Nature of the transaction
| Exercise of Put Options under 2018 Hazel Team Long Term Incentive Plan to receive Ordinary Shares | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information
- Aggregated volume
- Price
|
N/A | ||||
| e) | Date of the transaction
| 16 June 2021 | ||||
| f) | Place of the transaction
| Outside Trading Venue | ||||
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