Long Term Incentive Plan & Save as You Earn Scheme

Released : 09/07/2018 18:30

RNS Number : 0816U Gresham House PLC 09 July 2018

9 JULY 2018

Gresham House Plc ("Gresham House" or the "Company")

(AIM: GHE)

Long Term Incentive Plan and Save as You Earn Scheme

Gresham House, the specialist alternative asset manager, is pleased to announce the establishment of the new Long Term Incentive Plan ("LTIP") for its employees, including members of the Company's senior management team.

LTIP

The new LTIP, details for which were included in the announcement of 2 May 2018, has now been approved by the remuneration committee. The new LTIP replaces the previous Employee Share Scheme adopted in July 2016 and has been established to incentivise senior management and employees to deliver long‐term value creation and ensure alignment with shareholder interests, as well as provide a mechanism to comply with deferred variable compensation guidelines.

Under the terms of the LTIP, the LTIP Options awarded below will vest on the third anniversary of the date of approval of the scheme, subject to the awardees remaining employees of the Company.

Senior management and PDMR's have been granted, in aggregate, nil‐cost LTIP Options over 361,446 Ordinary Shares at a price of 415p, being the mid‐market closing price of the Company's shares on Wednesday 2nd May 2018, the date of approval by the Remuneration Committee of the LTIP scheme as follows:

Director/PDMR

Number of

LTIP Options granted

Anthony Dalwood

108,434

Rupert Robinson

101,205

Kevin Acton

67,470

John‐Paul Preston

59,037

Andrew Hampshire

25,302

ENDS

Enquiries:

Gresham House plc

+44 (0) 20 3837 6270

John‐Paul Preston

Liberum Capital Ltd

+44 (0)20 3100 2000

Neil Elliot

Jill Li

Montfort Communications

greshamhouse@montfort.london

Gay Collins

+44 (0)7798 626282

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

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

LTIP Options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

415p

108,434

d)

Aggregated information

  • - Aggregated volume

  • - Price

108,434

415p

e)

Date of the transaction

02/07/18

f)

Place of the transaction

Outside a trading venue

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

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

LTIP Options

c)

Price(s) and volume(s)Price(s)

Volume(s)

415p

101,205

d)

Aggregated information

- - -

Aggregated volumePrice

101,205

415p

e)

Date of the transaction

02/07/18

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Kevin Acton

2

Reason for the notification

a)

Position/status

Finance Director

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

LTIP Options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

415p

67,470

d)

Aggregated information

- - -

Aggregated volumePrice

67,470 415p

e)

Date of the transaction

02/07/18

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

John ‐ Paul Preston

2

Reason for the notification

a)

Position/status

Chief Legal Officer

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

LTIP Options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

415p

59,037

d)

Aggregated information

- - -

Aggregated volumePrice

59,037 415p

e)

Date of the transaction

02/07/18

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Andrew Hampshire

2

Reason for the notification

a)

Position/status

Chief Technology Officer

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

LTIP Options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

415p

25,302

d)

Aggregated information

- - -

Aggregated volumePrice

25,302 415p

e)

Date of the transaction

02/07/18

f)

Place of the transaction

Outside a trading venue

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END

DSHZMGGNNLNGRZM

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Gresham House plc published this content on 09 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 09 July 2018 18:13:04 UTC