Gresham House PLC Director/PDMR Shareholding (5472C)
June 21 2021 - 4:54AM
UK Regulatory
TIDMGHE
RNS Number : 5472C
Gresham House PLC
21 June 2021
21 June 2021
Gresham House plc
("Gresham House" or the "Company")
Director/PDMR shareholding
Gresham House, (AIM: GHE) the specialist alternative asset
manager, announces that, pursuant to the vesting of the 2018 Hazel
Team Long Term Incentive Plan ("2018 LTIP"), Benjamin Guest, a PDMR
of GHE, has exercised his Put Right (as defined in the Articles of
Association ("Articles") of Gresham House New Energy Limited
("GHNE") in respect of all of his vested A Ordinary Shares of 1
pence each in the capital of GHNE ("GHNE Shares").
The exercise will be satisfied in accordance with the provisions
of the Articles and the 2018 LTIP by:
-- the Company purchasing 340 GHNE Shares from Benjamin Guest for GBP4,424,972.63 in cash; and
-- the Gresham House plc Employee Benefit Trust (the "Trust")
purchasing 501 GHNE Shares from Benjamin Guest in exchange for:
o 694,158 ordinary shares of 25 pence each in the capital of the
Company ("Ordinary Shares") at a price of 787.5 pence per Ordinary
Share; and
o 133,492 Ordinary Shares (which will be subject to lock up
restrictions until 31 December 2024) at a price of 787.5 pence per
Ordinary Share.
These 827,650 Ordinary Shares will be transferred by the Trust
to Benjamin Guest. His resultant shareholding of Ordinary Shares,
including those subject to lock up restrictions, is listed
below.
Director/PDMR Title Resultant shareholding in Resultant percentage
Gresham House plc shareholding in Gresham House
plc
Managing Director, Gresham House
Benjamin Guest New Energy 1,097,431 3.34%
--------------------------------- -------------------------------- -------------------------------
- Ends -
For more information contact:
Gresham House plc
Kevin Acton, Chief Financial Officer +44 (0)20 3837 6271
Houston gh@houston.co.uk
Alexander Clelland +44 (0)20 4529 0549
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 Benjamin Guest
-------------------------- -------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Managing Director, Gresham House New
Energy
-------------------------- -------------------------------------------
b) Initial notification/ Initial 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 25p in Gresham House
of the financial plc.
instrument,
type of instrument
Identification ISIN: GB0003887287
code
-------------------------- -------------------------------------------
b) Nature of Exercise of Put Options under 2018 Hazel
the transaction Team Long Term Incentive Plan to receive
Ordinary Shares
-------------------------- -------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) GBP7.875 827,650
----------
-------------------------- -------------------------------------------
d) Aggregated
information
N/A
* Aggregated volume
* Price
-------------------------- -------------------------------------------
e) Date of the 16 June 2021
transaction
-------------------------- -------------------------------------------
f) Place of Outside Trading Venue
the transaction
-------------------------- -------------------------------------------
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END
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