Gresham Technologies PLC Directors Share Awards (1001I)
March 31 2020 - 1:00AM
UK Regulatory
TIDMGHT
RNS Number : 1001I
Gresham Technologies PLC
31 March 2020
RNS
31 March 2020
Gresham Technologies plc
Directors Share Awards
Gresham Technologies plc (LSE: "GHT", "Gresham", "Company"), the
leading software and services company that specialises in providing
solutions for data integrity and control, banking integration,
payments and cash management, announces the grant of share awards
to the executive directors of the Company, pursuant to the Group's
annual bonus plan and long-term incentive scheme.
The following existing ordinary shares have been awarded to Ian
Manocha, CEO and Tom Mullan, CFO (together, the "Executive
Directors"), pursuant to the Company's Deferred Share Bonus Plan
(the "Bonus Plan Shares") in respect of FY19 performance. In
addition, the Executive Directors have been granted the following
corresponding ordinary share matching awards (the "Share Matching
Awards"):
Bonus Plan Shares Share Matching Award*
Ian Manocha 13,685 104,008
Tom Mullan 8,886 67,532
* Maximum potential award. Actual values will be based on
performance targets over the following three financial years.
The acquisition of the Bonus Plan Shares has been funded through
a proportion of the Executive Directors' cash bonus entitlement and
are beneficially held through the Company's global nominee service.
The Share Matching Award entitles the Executive Directors to
receive further ordinary shares, up to the maximum stated above,
subject to (a) the Executive Director's Bonus Plan Shares being
retained for a specified period; (b) the satisfaction of relevant
performance targets over the following three financial years; and
(c) the Executive Director remaining with the business at the end
of the retention period.
Following the acquisition of the Bonus Plan Shares, Ian Manocha
is directly and beneficially interested in a total of 88,685
ordinary shares of the Company, equivalent to 0.13% of the
Company's issued share capital and Tom Mullan is directly and
beneficially interested in a total of 19,826 ordinary shares of the
Company, equivalent to 0.03% of the Company's issued share
capital.
Enquiries
+44 (0) 207 653
Gresham Technologies plc 0200
Ian Manocha
Tom Mullan
+44 (0) 207 496
N+1 Singer (Financial Adviser and Broker) 3000
Shaun Dobson / Lauren Kettle (Corporate Finance)
Tom Salvesen (Corporate Broking)
Inside information
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). Upon the
publication of this announcement via a Regulatory Information
Service ("RIS"), this inside information is now considered to be in
the public domain.
Note to editors
Gresham Technologies plc is a leading software and services
company that specialises in providing real-time solutions for data
integrity and control, banking integration, payments and cash
management. Listed on the main market of the London Stock Exchange
(GHT.L) and headquartered in the City of London, its customers
include some of the world's largest financial institutions and
corporates, all of whom are served locally from offices located in
the UK, Europe, North America and Asia Pacific.
Gresham's award-winning Clareti software platform is a highly
flexible and scalable platform, available on-site or in the cloud,
designed to address today's most challenging financial control,
risk management, data governance and regulatory compliance
problems. Learn more at www.greshamtech.com.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Ian Manocha
--------------------------------------------- ----------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
--------------------------------------------- ----------------------------------
b) Initial notification Initial
/Amendment
--------------------------------------------- ----------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------
a) Name Gresham Technologies plc
--------------------------------------------- ----------------------------------
b) LEI 213800F71LW7L4Y7QL29
--------------------------------------------- ----------------------------------
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 of 5 pence each
financial instrument,
type of instrument
GB0008808825
Identification code
--------------------------------------------- ----------------------------------
b) Nature of the transaction Purchase
--------------------------------------------- ----------------------------------
c) Price(s) and volume(s) Price Volume
--------------------------------------------- ---------------- ----------------
115p 13,685
-------------------------------------------------- ---------------- ----------------
d) Aggregated information
- Aggregated volume n/a - single transaction
- Price
--------------------------------------------- ----------------------------------
e) Date of the transaction 30 March 2020
--------------------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange
--------------------------------------------- ----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Tom Mullan
--------------------------------------------- ----------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
--------------------------------------------- ----------------------------------
b) Initial notification Initial
/Amendment
--------------------------------------------- ----------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------
a) Name Gresham Technologies plc
--------------------------------------------- ----------------------------------
b) LEI 213800F71LW7L4Y7QL29
--------------------------------------------- ----------------------------------
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 of 5 pence each
financial instrument,
type of instrument
GB0008808825
Identification code
--------------------------------------------- ----------------------------------
b) Nature of the transaction Purchase
--------------------------------------------- ----------------------------------
c) Price(s) and volume(s) Price Volume
--------------------------------------------- ---------------- ----------------
115p 8,886
-------------------------------------------------- ---------------- ----------------
d) Aggregated information
- Aggregated volume n/a - single transaction
- Price
--------------------------------------------- ----------------------------------
e) Date of the transaction 30 March 2020
--------------------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange
--------------------------------------------- ----------------------------------
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
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