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7 Apr 2021 07:00
RNS
7 April 2021
Gresham Technologies plc
Director equity 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 following equity awards to the executive directors of the Company, pursuant to the Company's annual bonus scheme and long-term share incentive plan:
Bonus Shares | Share Matching Award* | |
Ian Manocha (CEO) | 18,149 | 137,937 |
Tom Mullan (CFO) | 11,112 | 84,456 |
* Maximum potential award. Actual values will be based on performance targets over the following three financial years.
The acquisition of the Bonus Shares has been funded through a proportion of the executive directors' respective bonus entitlement in respect of FY20 and are beneficially held through the Company's global nominee service. The corresponding 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 corresponding Bonus Shares being retained for three years; (b) the achievement of certain 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 Shares, Ian Manocha is directly and beneficially interested in a total of 106,834 ordinary shares of the Company, equivalent to 0.15% of the Company's issued share capital and Tom Mullan is directly and beneficially interested in a total of 30,938 ordinary shares of the Company, equivalent to 0.04% of the Company's issued share capital.
Enquiries
Gresham Technologies plc | +44 (0) 207 653 0200 |
Ian Manocha | |
Tom Mullan | |
N+1 Singer (Financial Adviser and Broker) | +44 (0) 207 496 3000 |
Shaun Dobson / Jen Boorer / Iqra Amin (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 /Amendment | Initial | |
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 financial instrument, type of instrument
Identification code | Ordinary shares of 5 pence each
GB0008808825
| |
b) | Nature of the transaction | Purchase | |
c)
| Price(s) and volume(s)
| Price | Volume |
162.1p | 18,149 | ||
d)
| Aggregated information
- Aggregated volume
- Price
|
n/a - single transaction
| |
e) | Date of the transaction | 31 March 2021 | |
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 /Amendment | Initial | |
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 financial instrument, type of instrument
Identification code
| Ordinary shares of 5 pence each
GB0008808825
| |
b) | Nature of the transaction | Purchase | |
c)
| Price(s) and volume(s)
| Price | Volume |
162.1p | 11,112 | ||
d)
| Aggregated information
- Aggregated volume
- Price
|
n/a - single transaction
| |
e) | Date of the transaction | 31 March 2021 | |
f) | Place of the transaction | London Stock Exchange | |
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