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Pin to quick picksAssetco Regulatory News (ASTO)

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Director/PDMR Shareholding

6 Nov 2023 07:00

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

Gary Marshall, CFOO

Peter McKellar, Deputy Chairman

Tel: +44 (0) 7788 338157

Deutsche Numis

Nominated adviser and joint broker

Giles Rolls / Charles Farquhar

Tel: +44 (0) 20 7260 1000

Panmure Gordon (UK) Limited

Joint broker

Atholl Tweedie

Tel: +44 (0) 20 7886 2500

H/Advisors Maitland

Neil Bennett

Rachel Cohen

Tel: +44 (0) 20 7379 55151

For further details, visit the website, www.assetco.com

Ticker: AIM: ASTO.L

 

 

 

1

 

Details of the person discharging managerial responsibilities

 

a)

Names

 

 

(1) Gary Marshall

(2) Alex Hoctor-Duncan

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PDMR

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

AssetCo plc

b)

 

LEI

 

 

213800LFMHKVNTZ7GV45

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 financial instrument, type of instrument

Ordinary shares of £0.01 each

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

 

£Nil

 

 

e)

 

Date of the transaction

 

 

3 November 2023

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

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.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHKZMGMGKFGFZM
Date   Source Headline
9th Nov 20225:54 pmRNSTransaction in Own Shares
9th Nov 20227:00 amRNSTransaction in Own Shares
2nd Nov 20221:47 pmRNSHolding(s) in Company
1st Nov 20222:56 pmRNSTransaction in Own Shares
1st Nov 20221:25 pmRNSNotification of major holdings
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1st Nov 20227:00 amRNSCompletion of acquisition of SVM Asset Management
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21st Oct 20227:00 amRNSTransaction in Own Shares
19th Oct 20227:00 amRNSTransaction in Own Shares
18th Oct 20227:00 amRNSTransaction in Own Shares
14th Oct 20224:11 pmRNSTransaction in Own Shares
14th Oct 20227:00 amRNSDirector/PDMR Shareholding
12th Oct 20225:04 pmRNSTransaction in Own Shares
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11th Oct 20223:21 pmRNSDirectorate Change
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11th Oct 20227:00 amRNSTransaction in Own Shares
7th Oct 20224:19 pmRNSTransaction in Own Shares
6th Oct 20224:26 pmRNSTransaction in Own Shares
5th Oct 20225:13 pmRNSTransaction in Own Shares
4th Oct 20225:43 pmRNSTransaction in Own Shares
3rd Oct 20225:10 pmRNSTransaction in Own Shares
3rd Oct 20224:18 pmRNSDirector/PDMR Shareholding
30th Sep 20225:13 pmRNSTransaction in Own Shares
29th Sep 20226:37 pmRNSTransaction in Own Shares
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12th Sep 20227:00 amRNSDirector/PDMR Shareholding
9th Sep 20227:00 amRNSAuthority to repurchase shares & notice of meeting
8th Sep 20222:05 pmRNSSecond Price Monitoring Extn
8th Sep 20222:00 pmRNSPrice Monitoring Extension
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2nd Sep 20223:53 pmRNSTotal Voting Rights
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10th Aug 202212:45 pmRNSResults of General Meeting
8th Aug 20228:00 amRNSCompletion of the sale of R&M LLC for $8.79m
5th Aug 20227:00 amRNSCompletion of acquisition
1st Aug 202212:53 pmRNSIssue of Equity
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22nd Jul 20227:00 amRNSProposed sub-division of issued share capital
12th Jul 20225:44 pmRNSHolding(s) in Company
8th Jul 20221:40 pmRNSHolding(s) in Company
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5th Jul 202212:58 pmRNSHolding(s) in Company
5th Jul 20228:00 amRNSDiscontinuance of Annual Bonus Plan and LTIP
1st Jul 202212:31 pmRNSCompany Secretary Change
30th Jun 20222:51 pmRNSTotal Voting Rights

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