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ASTO.GB Assetco Plc

32.50
0.00 (0.00%)
14 Nov 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Assetco Plc AQSE:ASTO.GB Aquis Stock Exchange Ordinary Share GB00BQ2K3557
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 32.50 30.00 35.00 32.50 31.00 32.50 37,734 16:29:59
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

AssetCo PLC Director/PDMR Shareholding (4112S)

06/11/2023 7:00am

UK Regulatory


Assetco (AQSE:ASTO.GB)
Historical Stock Chart


From Nov 2022 to Nov 2024

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TIDMASTO

RNS Number : 4112S

AssetCo PLC

06 November 2023

6 November 2023

LEI: 213800LFMHKVNTZ7GV45

For Immediate Release

AssetCo plc

("AssetCo" or the "Company")

Adoption of Restricted Share Plan

The Board of AssetCo (AIM: ASTO), the agile asset and wealth management company, is pleased to confirm that it has put in place a Restricted Share Plan for a limited number of executives, partners and staff in the Group's listed equities business. The Company's previous Annual Bonus and Long-Term Incentive Plan was discontinued as announced on 5 July 2022.

The Company has awarded rights over up to 5,013,000 ordinary shares of 1p each ("Shares") in the Company (which would represent approximately 3.4 per cent of the voting share capital of the Company on issue) which it expects to satisfy out of Shares currently held in Treasury. Vesting of Shares under the Scheme is due on 1 October 2026 and is subject to usual provisions for malus, clawback and for apportionment or forfeiture in respect of good and bad leavers prior to that date at the discretion of the Board's Remuneration Committee.

500,000 of such Shares have been awarded to Gary Marshall the Group's Chief Finance and Operating Officer and 720,000 of such Shares have been awarded to Alex Hoctor-Duncan, Chief Executive Officer of the Group's listed equities business. Formal notifications in respect of these two awards, both individuals being PDMRs, are set out below in accordance with the requirements of the Market Abuse Regulation.

For the avoidance of doubt, the Company confirms, in accordance with DTR 5.6.1 that, as at 6 November 2023, the Company's issued share capital consists of 149,292,970 Shares of which 6,818,899 are held in Treasury (prior to the issue of any Shares in respect of the Plan detailed above). The total number of voting rights attaching to the Ordinary Shares remains at 142,474,071.

The above figure (142,474,071) can continue to be used by shareholders as the denominator for any calculation pursuant to which they determine if they are required to notify their interest in, or a change to their interest in, the Company's Shares under the FCA's Disclosure Guidance and Transparency Rules.

For further information, please contact:

 
 AssetCo plc                        Deutsche Numis 
  G ary Marshall , CFOO              Nominated adviser and joint 
  Peter McKellar, Deputy Chairman    broker 
  Tel: +44 (0) 7788 338157           Giles Rolls / Charles Farquhar 
                                     Tel: +44 (0) 20 7260 1000 
 
 Panmure Gordon (UK) Limited        H/Advisors Maitland 
  Joint broker                       Neil Bennett 
  Atholl Tweedie                     Rachel Cohen 
  Tel: +44 (0) 20 7886 2500          Tel: +44 (0) 20 7379 55151 
 
 

For further details, visit the website, www.assetco.com

Ticker: AIM: ASTO.L

 
       Details of the person discharging managerial responsibilities 
  1 
 a)    Names                               (1) Gary Marshall 
                                            (2) Alex Hoctor-Duncan 
      -----------------------------  -------------------------------------------- 
       Reason for the notification 
  2 
      --------------------------------------------------------------------------- 
 a)    Position/status                PDMR 
      -----------------------------  -------------------------------------------- 
 b)    Initial notification           Initial notification 
        /Amendment 
      -----------------------------  -------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------- 
 a)    Name                           AssetCo plc 
      -----------------------------  -------------------------------------------- 
 b)    LEI                            213800LFMHKVNTZ7GV45 
      -----------------------------  -------------------------------------------- 
       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 of the             Ordinary shares of GBP0.01 each 
        financial instrument, 
        type of instrument 
 
       Identification code            GB00BQ2K3557 
 
 b)    Nature of the transaction      Awards under a Restricted Share Plan 
                                       vesting, subject to conditions, on 1 
                                       October 2026 
      -----------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s) 
                                           ----------  --------------------- 
                                            Price(s)    Volume(s) 
                                           ----------  --------------------- 
                                            Nil              (1) 500,000 
                                                              (2) 720,000 
                                           ----------  --------------------- 
 
 d)    Aggregated information 
 
       - Aggregated volume            (1) 500,000 
                                       (2) 720,000 
 
  - Price                             GBPNil 
 
 e)    Date of the transaction        3 November 2023 
      -----------------------------  -------------------------------------------- 
 f)    Place of the transaction       Outside a trading venue 
      -----------------------------  -------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHKZMGMGKFGFZM

(END) Dow Jones Newswires

November 06, 2023 02:00 ET (07:00 GMT)

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