Gresham House PLC Exercise of Put Options and PDMR notification (6009P)

TIDMGHE

RNS Number : 6009P

Gresham House PLC

11 June 2020

11 June 2020

Gresham House plc

("Gresham House" or the "Company")

Exercise of Put Options and PDMR notification

Gresham House announces that, its wholly-owned subsidiary, Gresham House Holdings Limited ("GHHL"), has, pursuant to the long term incentive plan approved by the Company's shareholders at the General Meeting of Gresham House held on 20 November 2015 ("2016 LTIP"), received requests from two PDMRs to exercise the put options over the GHHL shares listed below ("Put Options").

Following the exercise of the Put Options, the PDMRs listed below retain significant share-based long term incentives in the Company.

PDMR Title Put Options

   Andrew Hampshire                   Chief Operating Officer            110 GHHL C Shares 
   Kevin Acton                               Chief Financial Officer             46 GHHL A Shares 

The Put Options were satisfied in accordance with the provisions of the 2016 LTIP by the Company repurchasing 110 GHHL C Shares from Mr Hampshire and 46 GHHL A Shares from Mr Acton.

 
For more information contact: 
Gresham House plc 
 
 Tony Dalwood, Chief Executive Officer 
 Kevin Acton, Chief Financial Officer         [phone] 
Houston - PR advisors 
 
 Alexander Clelland                           [e-mail] 
 Anushka Mathew                               [phone] 
Canaccord Genuity Limited - Nominated 
 Adviser and Joint Broker 
 
 Bobbie Hilliam 
 Georgina McCooke                             [phone] 
 
  Jefferies International Limited - Joint 
  Broker and Financial Adviser 
 
  Paul Nicholls 
  Max Jones                                   [phone] 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                       Andrew Hampshire 
     -------------------------  ---------------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------------- 
 a)   Position/status            Chief Operating Officer 
     -------------------------  ---------------------------------------------------- 
 b)   Initial                    Initial Notification 
       notification/ 
       Amendment 
     -------------------------  ---------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------------- 
 a)   Name                       Gresham House Holdings Limited 
     -------------------------  ---------------------------------------------------- 
 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                110 C Ordinary Shares in Gresham House Holdings 
       of the                     Limited (a wholly owned subsidiary of Gresham 
       financial                  House plc), the value of which is derived from 
       instrument,                the increase in value of the ordinary shares in 
       type of                    Gresham House plc. 
       instrument 
 
 
                                  IDENTIFICATION CODE FOR GRESHAM HOUSE PLC ORDINARY 
       Identification             SHARES GB0003887278 
       code 
     -------------------------  ---------------------------------------------------- 
 b)   Nature                     Employee Share Scheme - exercise of put options 
       of the 
       transaction 
     -------------------------  ---------------------------------------------------- 
 c)   Price(s)                     Price(s)        Volume(s) 
       and volume(s) 
                                     GBP9,290.01     110 
                                                   ---------- 
     -------------------------  ---------------------------------------------------- 
 d)   Aggregated 
       information 
 
        *    Aggregated volume     N/A 
 
 
 
        *    Price 
     -------------------------  ---------------------------------------------------- 
 e)   Date of                    10 June 2020 
       the transaction 
     -------------------------  ---------------------------------------------------- 
 f)   Place of                   London Stock Exchange, AIM 
       the transaction 
     -------------------------  ---------------------------------------------------- 
 

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                       Kevin Acton 
     -------------------------  ---------------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------------- 
 a)   Position/status            Chief Financial Officer 
     -------------------------  ---------------------------------------------------- 
 b)   Initial                    Initial Notification 
       notification/ 
       Amendment 
     -------------------------  ---------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------------- 
 a)   Name                       Gresham House Holdings Limited 
     -------------------------  ---------------------------------------------------- 
 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                46 A Ordinary Shares in Gresham House Holdings 
       of the                     Limited (a wholly owned subsidiary of Gresham 
       financial                  House plc), the value of which is derived from 
       instrument,                the increase in value of the ordinary shares in 
       type of                    Gresham House plc. 
       instrument 
 
       Identification 
       code                       IDENTIFICATION CODE FOR GRESHAM HOUSE PLC ORDINARY 
                                  SHARES GB0003887278 
     -------------------------  ---------------------------------------------------- 
 b)   Nature                     Employee Share Scheme - exercise of put options 
       of the 
       transaction 
     -------------------------  ---------------------------------------------------- 
 c)   Price(s)                     Price(s)         Volume(s) 
       and volume(s) 
                                     GBP13,097.07     46 
                                                    ---------- 
     -------------------------  ---------------------------------------------------- 
 d)   Aggregated 
       information 
 
        *    Aggregated volume     N/A 
 
 
 
        *    Price 
     -------------------------  ---------------------------------------------------- 
 e)   Date of                    10 June 2020 
       the transaction 
     -------------------------  ---------------------------------------------------- 
 f)   Place of                   London Stock Exchange, AIM 
       the transaction 
     -------------------------  ---------------------------------------------------- 
 

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 [e-mail] or visit www.rns.com.

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June 11, 2020 02:00 ET (06:00 GMT)