AssetCo PLC Director/PDMR Shareholding (4112S)
November 06 2023 - 1:00AM
UK Regulatory
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
----------------------------- --------------------------------------------
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END
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