TIDMGHE
RNS Number : 2996X
Gresham House PLC
19 December 2023
19 December 2023
Gresham House plc
("Gresham House" or the "Company")
Issue of Shares to Employee Benefit Trust and PDMR Dealings
Issue of shares to employee benefit trust
As announced earlier today, the scheme of arrangement circular
published on 4 August 2023 to implement the acquisition of Gresham
House by Seed Bidco Limited pursuant to Part 26 of the Companies
Act 2006 ("Scheme") is now Effective. Capitalised terms used by not
otherwise defined in this announcement shall have the meanings
given to them in the Scheme.
As announced on 8 December 2023, the Company has applied to AIM
for a block listing of 4,157,529 new ordinary shares of GBP0.25
each in the Company.
In order to satisfy the vesting of awards granted pursuant to
the Gresham House plc Bonus Share Matching Plan 2018 which occurred
automatically upon the Scheme becoming Effective, the Company's
Employee Benefit Trust ("EBT") has subscribed for 1,382,747 new
ordinary shares in the Company ("New Ordinary Shares") at their par
value of GBP0.25 each, at an aggregate cost to the EBT of
GBP345,686.75. The Company gifted GBP345,686.75 to the EBT to fund
its subscription for the New Ordinary Shares.
Accordingly, the Company has today allotted the New Ordinary
Shares to the EBT and such shares rank pari passu in all respects
with the existing ordinary shares of GBP0.25 each in the Company.
The New Ordinary Shares will be admitted to trading on AIM today
("Admission").
Following Admission and in accordance with Rule 2.9 of the City
Code on Takeovers and Mergers , the Company confirms that the
Company's issued share capital will comprise 42,431,525 ordinary
shares of GBP0.25 each, 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.
The International Securities Identification Number for Gresham
House's ordinary shares is GB0003887287.
Director/PDMR dealings
Upon the Scheme becoming effective, awards granted pursuant to
the Gresham House plc Bonus Share Matching Plan 2018 to the
following persons discharging managerial responsibilities vested
automatically.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Anthony Dalwood
------------------------- ------------------------------------------------
Reason for the notification
2
---------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------- ------------------------------------------------
b) Initial notification/ Initial Notification
Amendment
------------------------- ------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name Gresham House plc
------------------------- ------------------------------------------------
b) LEI N/A
------------------------- ------------------------------------------------
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 Ordinary Shares of GBP0.25 in Gresham House
of the financial plc.
instrument,
type of instrument
Identification
code
ISIN: GB0003887287
------------------------- ------------------------------------------------
b) Nature of Vesting of awards pursuant to the Gresham House
the transaction plc Bonus Share Matching Plan 2018
------------------------- ------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) nil 75,131
----------
------------------------- ------------------------------------------------
d) Aggregated
information
* Aggregated volume N/A
* Price
------------------------- ------------------------------------------------
e) Date of the 19 December 2023
transaction
------------------------- ------------------------------------------------
f) Place of the Outside trading venue
transaction
------------------------- ------------------------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Rupert Robinson
------------------------- --------------------------------------------------
Reason for the notification
2
-----------------------------------------------------------------------------
a) Position/status Managing Director, Gresham House Asset Management
Limited
------------------------- --------------------------------------------------
b) Initial notification/ Initial Notification
Amendment
------------------------- --------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------
a) Name Gresham House plc
------------------------- --------------------------------------------------
b) LEI N/A
------------------------- --------------------------------------------------
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 Ordinary Shares of GBP0.25 in Gresham House
of the financial plc.
instrument,
type of instrument
Identification
code
ISIN: GB0003887287
------------------------- --------------------------------------------------
b) Nature of Vesting of awards pursuant to the Gresham House
the transaction plc Bonus Share Matching Plan 2018
------------------------- --------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) nil 75,131
----------
------------------------- --------------------------------------------------
d) Aggregated
information
* Aggregated volume N/A
* Price
------------------------- --------------------------------------------------
e) Date of the 19 December 2023
transaction
------------------------- --------------------------------------------------
f) Place of the Outside trading venue
transaction
------------------------- --------------------------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Kevin Acton
------------------------- ------------------------------------------------
Reason for the notification
2
---------------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------- ------------------------------------------------
b) Initial notification/ Initial Notification
Amendment
------------------------- ------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name Gresham House plc
------------------------- ------------------------------------------------
b) LEI N/A
------------------------- ------------------------------------------------
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 Ordinary Shares of GBP0.25 in Gresham House
of the financial plc.
instrument,
type of instrument
Identification
code
ISIN: GB0003887287
------------------------- ------------------------------------------------
b) Nature of Vesting of awards pursuant to the Gresham House
the transaction plc Bonus Share Matching Plan 2018
------------------------- ------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) nil 75,131
----------
------------------------- ------------------------------------------------
d) Aggregated
information
* Aggregated volume N/A
* Price
------------------------- ------------------------------------------------
e) Date of the 19 December 2023
transaction
------------------------- ------------------------------------------------
f) Place of the Outside trading venue
transaction
------------------------- ------------------------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Samee Khan
------------------------- ------------------------------------------------
Reason for the notification
2
---------------------------------------------------------------------------
a) Position/status Chief Legal Officer
------------------------- ------------------------------------------------
b) Initial notification/ Initial Notification
Amendment
------------------------- ------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name Gresham House plc
------------------------- ------------------------------------------------
b) LEI N/A
------------------------- ------------------------------------------------
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 Ordinary Shares of GBP0.25 in Gresham House
of the financial plc.
instrument,
type of instrument
Identification
code
ISIN: GB0003887287
------------------------- ------------------------------------------------
b) Nature of Vesting of awards pursuant to the Gresham House
the transaction plc Bonus Share Matching Plan 2018
------------------------- ------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) nil 22,000
----------
------------------------- ------------------------------------------------
d) Aggregated
information
* Aggregated volume N/A
* Price
------------------------- ------------------------------------------------
e) Date of the 19 December 2023
transaction
------------------------- ------------------------------------------------
f) Place of the Outside trading venue
transaction
------------------------- ------------------------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Andrew Hampshire
------------------------- ------------------------------------------------
Reason for the notification
2
---------------------------------------------------------------------------
a) Position/status Chief Operating Officer and Chief Technology
Officer
------------------------- ------------------------------------------------
b) Initial notification/ Initial Notification
Amendment
------------------------- ------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name Gresham House plc
------------------------- ------------------------------------------------
b) LEI N/A
------------------------- ------------------------------------------------
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 Ordinary Shares of GBP0.25 in Gresham House
of the financial plc.
instrument,
type of instrument
Identification
code
ISIN: GB0003887287
------------------------- ------------------------------------------------
b) Nature of Vesting of awards pursuant to the Gresham House
the transaction plc Bonus Share Matching Plan 2018
------------------------- ------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) nil 35,863
----------
------------------------- ------------------------------------------------
d) Aggregated
information
* Aggregated volume N/A
* Price
------------------------- ------------------------------------------------
e) Date of the 19 December 2023
transaction
------------------------- ------------------------------------------------
f) Place of the Outside trading venue
transaction
------------------------- ------------------------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Ben Guest
------------------------- ------------------------------------------------
Reason for the notification
2
---------------------------------------------------------------------------
a) Position/status Managing Director and Head of the Gresham House
New Energy division
------------------------- ------------------------------------------------
b) Initial notification/ Initial Notification
Amendment
------------------------- ------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name Gresham House plc
------------------------- ------------------------------------------------
b) LEI N/A
------------------------- ------------------------------------------------
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 Ordinary Shares of GBP0.25 in Gresham House
of the financial plc.
instrument,
type of instrument
Identification
code
ISIN: GB0003887287
------------------------- ------------------------------------------------
b) Nature of Vesting of awards pursuant to the Gresham House
the transaction plc Bonus Share Matching Plan 2018
------------------------- ------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) nil 75,131
----------
------------------------- ------------------------------------------------
d) Aggregated
information
* Aggregated volume N/A
* Price
------------------------- ------------------------------------------------
e) Date of the 19 December 2023
transaction
------------------------- ------------------------------------------------
f) Place of the Outside trading venue
transaction
------------------------- ------------------------------------------------
-Ends-
For more information contact:
Gresham House plc
Kevin Acton, Chief Financial Officer +44 (0)20 3837 6270
Houston - media and analysts
Kay Larsen
Alex Clelland
Kelsey Traynor +44 (0)20 4529 0549
--------------------
Canaccord Genuity Limited - Nominated
Adviser and Joint Broker
Bobbie Hilliam
Harry Pardoe +44 (0)20 7523 8000
Jefferies International Limited
- Joint Broker and Financial Adviser
Paul Nicholls
James Umbers +44 (0)20 7029 8000
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END
MSCKZMMZLLFGFZG
(END) Dow Jones Newswires
December 19, 2023 04:56 ET (09:56 GMT)
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