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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Gresham House Plc | LSE:GHE | London | Ordinary Share | GB0003887287 | ORD 25P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1,100.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMGHE
RNS Number : 2278U
Gresham House PLC
28 July 2020
28 July 2020
Gresham House plc
("Gresham House" or the "Company")
Share issuance to EBT and ESS Exercises by PDMRs
Gresham House (AIM: GHE), the specialist alternative asset manager, was notified on 27 July 2020 that the Company's Employee Benefit Trust ("EBT") intends to subscribe for 1,329,306 ordinary shares of 25 pence in the Company ("Ordinary Shares") at their par value and at an aggregate cost to the EBT of GBP332,326.50 (the "New Ordinary Shares"). The Company has agreed to lend GBP332,326.50 to the EBT to fund its subscription for the New Ordinary Shares.
The New Ordinary Shares are intended to be used by the EBT to satisfy the requests received from three of the Company's PDMRs to exercise previously announced Employee Share Scheme options over Gresham House Holdings Limited ("GHHL") shares ("ESS Options"). The ESS Options were issued under the long term incentive plan approved by the Company's shareholders at the General Meeting of the Company held on 20 November 2015 ("2016 LTIP").
The ESS Options were satisfied in accordance with the provisions of the 2016 LTIP by the Company repurchasing 320 GHHL A Shares from Mr Dalwood, 250 GHHL A Shares from Mr Robinson and 104 GHHL B Shares from Mr Acton in exchange for Ordinary Shares. Their resultant holdings are below:
Hot Features
Premium
Director/PDMR Title New Ordinary Resultant Percentage
Shares received shareholding holding
as a result in Gresham
of the exercise House plc
of ESS Options
Chief Executive
Anthony Dalwood Officer 635,685 1,011,190 3.2%
------------------- ----------------- -------------- -----------
Rupert Robinson Managing Director 496,629 559,857 1.9%
------------------- ----------------- -------------- -----------
Chief Financial
Kevin Acton Officer 196,992 229,367 0.7%
------------------- ----------------- -------------- -----------
Accordingly, on 27 July 2020, the Company allotted the New Ordinary Shares to the EBT and such shares will rank pari passu in all respects with the existing ordinary shares of the Company. It is anticipated that the New Ordinary Shares will be admitted to trading on AIM on or around 31 July 2020 ("Admission").
Following Admission, the Company's issued share capital will comprise 32,091,707 Ordinary Shares, which figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules. The Company does not hold any shares in treasury.
- Ends -
For more information contact: Gresham House plc Kevin Acton, Chief Financial Officer +44 (0)20 3837 6271 Houston PR gh@houstonpr.co.uk Kate Hoare +44 (0)20 3701 7660 Alexander Clelland Anushka Mathew 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.
www.greshamhouse.com
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 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 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 Ordinary Shares
of the
financial
instrument, IDENTIFICATION CODE FOR GRESHAM HOUSE PLC ORDINARY
type of SHARES GB0003887278
instrument
Identification
code
------------------------- -----------------------------------------------------
b) Nature Receipt of Ordinary Shares from the Employee Benefit
of the Trust following the exercise of 320 A Ordinary
transaction Shares in Gresham House Holdings Limited (a wholly
owned subsidiary of Gresham House plc), the value
of which is derived from the increase in value
of the ordinary shares in Gresham House plc.
------------------------- -----------------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s)
- 635,685
----------
------------------------- -----------------------------------------------------
d) Aggregated
information
* Aggregated volume N/A
* Price
------------------------- -----------------------------------------------------
e) Date of 27 July 2020
the transaction
------------------------- -----------------------------------------------------
f) Place of Outside a trading venue
the transaction
------------------------- -----------------------------------------------------
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 Initial Notification
notification/
Amendment
------------------------- -----------------------------------------------------
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 Ordinary Shares
of the
financial
instrument,
type of IDENTIFICATION CODE FOR GRESHAM HOUSE PLC ORDINARY
instrument SHARES GB0003887278
Identification
code
------------------------- -----------------------------------------------------
b) Nature Receipt of Ordinary Shares from the Employee Benefit
of the Trust following the exercise of 250 A Ordinary
transaction Shares in Gresham House Holdings Limited (a wholly
owned subsidiary of Gresham House plc), the value
of which is derived from the increase in value
of the ordinary shares in Gresham House plc.
------------------------- -----------------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s)
- 496,629
----------
------------------------- -----------------------------------------------------
d) Aggregated
information
* Aggregated volume N/A
* Price
------------------------- -----------------------------------------------------
e) Date of 27 July 2020
the transaction
------------------------- -----------------------------------------------------
f) Place of Outside a trading venue
the transaction
------------------------- -----------------------------------------------------
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 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 Ordinary Shares
financial
instrument, IDENTIFICATION CODE FOR GRESHAM HOUSE PLC ORDINARY
type of SHARES GB0003887278
instrument
Identification
code
------------------------- -----------------------------------------------------
b) Nature Receipt of Ordinary Shares from the Employee Benefit
of the Trust following the exercise of 104 B Ordinary
transaction Shares in Gresham House Holdings Limited (a wholly
owned subsidiary of Gresham House plc), the value
of which is derived from the increase in value
of the ordinary shares in Gresham House plc.
------------------------- -----------------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s)
- 196,992
----------
------------------------- -----------------------------------------------------
d) Aggregated
information
* Aggregated volume N/A
* Price
------------------------- -----------------------------------------------------
e) Date of 27 July 2020
the transaction
------------------------- -----------------------------------------------------
f) Place of Outside a trading venue
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 rns@lseg.com or visit www.rns.com.
END
DSHFDLLLBDLFBBF
(END) Dow Jones Newswires
July 28, 2020 02:00 ET (06:00 GMT)
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