GRESHAM TECHNOLOGIES PLC

Remuneration Information • Oct 22, 2021

National Storage Mechanism | Additional information

RNS Number : 9437P

Gresham Technologies PLC

22 October 2021

22 October 2021

Gresham Technologies plc

Grant of Conditional Share Awards and PDMR Dealings

Gresham Technologies plc (LSE: "GHT", "Gresham", "Company", "Group"), the leading software and services company that specialises in providing solutions for data integrity and control, banking integration, payments and cash management, announces that it has made inaugural grants of Conditional Share Awards pursuant to the Company's Performance Share Plan ("PSP").

As set out in the Company's circular dated 11 December 2020, the remuneration committee has discretion to approve the grant of Conditional Share Awards under the PSP to attract, retain and incentivise key employees of the Group. This inaugural grant follows the successful execution of a first phase of integration and organisational change as a result of the Group's acquisition of Electra Information Systems in June 2021. The awards are designed to secure and promote the Group's long-term strategic objectives, and further awards are expected to be made in the subsequent nine years of the plan, subject always to the plan limits.

The inaugural grant, which includes new and existing key employees of the Group, includes the following grants to executive directors:

Executive Director	Conditional Share Award*
Ian Manocha (CEO)	203,000
Tom Mullan (CFO)	75,000

* Maximum potential award. Actual values will be based on achievement of performance targets over the vesting period.

The grant of Conditional Share Awards was made on 21 October 2021 pursuant to the rules of the Performance Share Plan 2020, which was adopted by shareholders on 30 December 2020. Each Conditional Share Award is subject to a minimum three-year vesting period and will only vest if and to the extent that certain individual and financial performance targets are achieved, up to the maximum stated above, subject to the awardee remaining in the Company's employment throughout the vesting period. The Conditional Share Award made to Mr Ian Manocha includes a base award of 135,000 shares and an additional potential award of up to 68,000 shares in the event of exceptional performance.  

The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail of the awards to PDMRs.

Enquiries

Gresham Technologies plc	+44 (0) 207 653 0200
Ian Manocha
Tom Mullan
Singer Capital Markets (Financial Adviser and Broker)	+44 (0) 207 496 3000
Shaun Dobson / Tom Salvesen / Jen Boorer

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	Grant of conditional share awards pursuant to the Performance Share Plan 2020
c)	Price(s) and volume(s)	Price	Volume
Nil cost	203,000
d)	Aggregated information - Aggregated volume - Price	n/a - single transaction
e)	Date of the transaction	21 October 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	Grant of conditional share awards pursuant to the Performance Share Plan 2020
c)	Price(s) and volume(s)	Price	Volume
Nil cost	75,000
d)	Aggregated information - Aggregated volume - Price	n/a - single transaction
e)	Date of the transaction	21 October 2021
f)	Place of the transaction	London Stock Exchange

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