21 September 2023
GATELEY (HOLDINGS) PLC
("Gateley" or the "Group" or the "Company")
(AIM: GTLY)
GRANT OF SHARE AWARDS, EXERCISE OF SHARE OPTIONS, ISSUE OF EQUITY, TOTAL VOTING RIGHTS
Gateley, the professional services group, is pleased to announce its latest grant of annual share awards and exercise of share options by employees, including PDMRs.
The Group's suite of share awards form's part of the Group's retention and incentivisation policy. It is a continuation of the board's strategy to differentiate the Group's remuneration package from other professional services businesses structured under a traditional partnership model.
The board is committed to providing its people with the opportunity to own shares in the Company. Such share ownership promotes strong alignment with the Group's external shareholders, incentivises employees and is reflective of Gateley's long-established culture. At least 65% of current employees are existing share or option holders in the Group.
Restricted Share Awards
The board is pleased to announce the grant of new Restricted Share Awards ("RSA") over 790,131 Ordinary shares of 10 pence each in the Company ("Ordinary Shares"). RSA awards were approved by the board on 14 September to partner and director level equivalent staff. The RSAs, which vest on receipt, are subject to a five-year non-dealing restriction and are subject to forfeit should employment be terminated within that period.
Long-Term Incentive Plan
Long-Term Incentive Plan awards ("LTIP") over 727,790 Ordinary Shares vested on 14 September 2023 and were exercised on 21 September 2023 by 77 partners, including a number of PDMRs as disclosed in the tables below. These LTIP awards vested at the end of a three-year period, with vesting and exercise dependent upon the achievement of profit related performance conditions and continuous employment. Details of these performance conditions can be found in the Group's annual report.
Employee Share Schemes and New Block Listings
Company Share Option Plan awards ("CSOPs") over 703,522 Ordinary Shares vested on 7 July 2023 and are capable of being exercised on or before until 6 July 2024. In addition, Save As You Earn awards ("SAYE") over 1,719,632 Ordinary Shares are due to vest on 5 November 2023 and are capable of being exercised over the following six-month period. Accordingly, the Company has applied for a block admission of a total of 2,423,154 Ordinary Shares to be admitted to trading on AIM. These Ordinary Shares will be issued, as and when required, pursuant to the exercise of options under the CSOP and SAYE schemes and it is expected that admission of the Ordinary Shares under the block listing will become effective on 22 September 2023.
Issue of new Ordinary Shares and total voting rights
Application has been made to the London Stock Exchange for 1,517,921 new Ordinary Shares to be admitted to trading on AIM ("Admission") in respect of the RSA and LTIP. It is expected that Admission will take place at 8.00am on 22 September 2023.
The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue. Following Admission, Gateley's total issued share capital will comprise 129,972,694 Ordinary Shares. This number may be used by shareholders in Gateley as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of Gateley under the FCA's Disclosure Guidance and Transparency Rules.
Rod Waldie, Gateley Chief Executive Officer, said:
"As previously emphasised, the creation of wider share ownership across all levels of staff within the Group was one of our original goals when we became a public company in 2015. Our people are the bedrock on which the successful growth of the Group has been founded and they lie at the heart of our future growth ambitions. These share awards are an important part of our strategy to incentivise and retain our emerging senior talent."
Enquiries:
Gateley (Holdings) Plc | |
Neil Smith, Finance Director | Tel: +44 (0) 121 234 0196 |
Nick Smith, Acquisitions Director and Head of Investor Relations | Tel: +44 (0) 20 7653 1665 |
Cara Zachariou, Communications Director | Tel: +44 (0) 121 234 0074 Mob: +44 (0) 7703 684 946 |
| |
Liberum - Nominated Adviser and Broker Richard Lindley/Ben Cryer/Cara Murphy |
Tel: +44 (0) 20 3100 2000 |
| |
Belvedere Communications Limited - Financial PR | |
Cat Valentine | Mob: +44 (0) 7715 769 078 |
Keeley Clarke | Mob: +44 (0) 7967 816 525 |
Llew Angus | Mob: +44 (0) 7407 023 147 |
|
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a. | Name | Neil Smith | ||||||
2 | Reason for notification | | ||||||
a. | Position/Status | Member of Holdings Board and Strategic Board | ||||||
b. | Initial notification/ Amendment | Initial Notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a. | Name | Gateley (Holdings) Plc | ||||||
b. | LEI | 213800WZGNN7U6LEUM62 | ||||||
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 | Exercise of LTIP Options over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc
ISIN: GB00BXB07J71 | ||||||
b. | Nature of the transaction | Exercise of LTIP options under LTIP scheme | ||||||
c. | Price(s) and volume(s) | | | | | | ||
| Price(s) | Volume(s) | | |||||
£nil | 10,862 | | ||||||
d. | Aggregated information - Aggregated Volume - Price |
N/a Nil | ||||||
e. | Date of the transaction | 21 September 2023 | ||||||
f. | Place of the transaction | London Stock Exchange | ||||||
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a. | Name | Victoria Walker (nee Garrad) | ||||||
2 | Reason for notification | | ||||||
a. | Position/Status | Member of Holdings Board and Strategic Board | ||||||
b. | Initial notification/ Amendment | Initial Notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a. | Name | Gateley (Holdings) Plc | ||||||
b. | LEI | 213800WZGNN7U6LEUM62 | ||||||
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 | Exercise of LTIP Options over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc
ISIN: GB00BXB07J71 | ||||||
b. | Nature of the transaction | Exercise of LTIP options under LTIP scheme | ||||||
c. | Price(s) and volume(s) | | | | | | ||
| Price(s) | Volume(s) | | |||||
£nil | 10,862 | | ||||||
d. | Aggregated information - Aggregated Volume - Price |
N/a Nil | ||||||
e. | Date of the transaction | 21 September 2023 | ||||||
f. | Place of the transaction | London Stock Exchange | ||||||
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a. | Name | George Parker-Fuller | ||||||
2 | Reason for notification | | ||||||
a. | Position/Status | Member of Strategic Board | ||||||
b. | Initial notification/ Amendment | Initial Notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a. | Name | Gateley (Holdings) Plc | ||||||
b. | LEI | 213800WZGNN7U6LEUM62 | ||||||
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 | Exercise of LTIP Options over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc
ISIN: GB00BXB07J71 | ||||||
b. | Nature of the transaction | Exercise of LTIP options under LTIP scheme | ||||||
c. | Price(s) and volume(s) | | | | | | ||
| Price(s) | Volume(s) | | |||||
£nil | 10,862 | | ||||||
d. | Aggregated information - Aggregated Volume - Price |
N/a Nil | ||||||
e. | Date of the transaction | 21 September 2023 | ||||||
f. | Place of the transaction | London Stock Exchange | ||||||
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a. | Name | Richard Healey | ||||||
2 | Reason for notification | | ||||||
a. | Position/Status | Member of Strategic Board | ||||||
b. | Initial notification/ Amendment | Initial Notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a. | Name | Gateley (Holdings) Plc | ||||||
b. | LEI | 213800WZGNN7U6LEUM62 | ||||||
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 | Exercise of LTIP Options over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc
ISIN: GB00BXB07J71 | ||||||
b. | Nature of the transaction | Exercise of LTIP options under LTIP scheme | ||||||
c. | Price(s) and volume(s) | | | | | | ||
| Price(s) | Volume(s) | | |||||
£nil | 21,725 | | ||||||
d. | Aggregated information - Aggregated Volume - Price |
N/a Nil | ||||||
e. | Date of the transaction | 21 September 2023 | ||||||
f. | Place of the transaction | London Stock Exchange | ||||||
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a. | Name | Paul Jefferson | ||||||
2 | Reason for notification | | ||||||
a. | Position/Status | Member of Strategic Board | ||||||
b. | Initial notification/ Amendment | Initial Notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a. | Name | Gateley (Holdings) Plc | ||||||
b. | LEI | 213800WZGNN7U6LEUM62 | ||||||
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 | Exercise of LTIP Options over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc
ISIN: GB00BXB07J71 | ||||||
b. | Nature of the transaction | Exercise of LTIP options under LTIP scheme | ||||||
c. | Price(s) and volume(s) | | | | | | ||
| Price(s) | Volume(s) | | |||||
£nil | 10,862 | | ||||||
d. | Aggregated information - Aggregated Volume - Price |
N/a Nil | ||||||
e. | Date of the transaction | 21 September 2023 | ||||||
f. | Place of the transaction | London Stock Exchange | ||||||
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a. | Name | Katie Chester (nee Silvester) | ||||||
2 | Reason for notification | | ||||||
a. | Position/Status | Member of Operations Board | ||||||
b. | Initial notification/ Amendment | Initial Notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a. | Name | Gateley (Holdings) Plc | ||||||
b. | LEI | 213800WZGNN7U6LEUM62 | ||||||
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 | Exercise of LTIP Options over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc
ISIN: GB00BXB07J71 | ||||||
b. | Nature of the transaction | Exercise of LTIP options under LTIP scheme | ||||||
c. | Price(s) and volume(s) | | | | | | ||
| Price(s) | Volume(s) | | |||||
£Nil | 6,518 | | ||||||
d. | Aggregated information - Aggregated Volume - Price |
N/a Nil | ||||||
e. | Date of the transaction | 21 September 2023 | ||||||
f. | Place of the transaction | London Stock Exchange | ||||||
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a. | Name | James Madill | ||||||
2 | Reason for notification | | ||||||
a. | Position/Status | Member of Operations Board | ||||||
b. | Initial notification/ Amendment | Initial Notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a. | Name | Gateley (Holdings) Plc | ||||||
b. | LEI | 213800WZGNN7U6LEUM62 | ||||||
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 | Exercise of LTIP Options over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc
ISIN: GB00BXB07J71 | ||||||
b. | Nature of the transaction | Exercise of LTIP options under LTIP scheme | ||||||
c. | Price(s) and volume(s) | | | | | | ||
| Price(s) | Volume(s) | | |||||
£Nil | 21,725 | | ||||||
d. | Aggregated information - Aggregated Volume - Price |
N/a Nil | ||||||
e. | Date of the transaction | 21 September 2023 | ||||||
f. | Place of the transaction | London Stock Exchange | ||||||
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a. | Name | Sarah Sabin | ||||||
2 | Reason for notification | | ||||||
a. | Position/Status | Member of Operations Board | ||||||
b. | Initial notification/ Amendment | Initial Notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a. | Name | Gateley (Holdings) Plc | ||||||
b. | LEI | 213800WZGNN7U6LEUM62 | ||||||
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 | Exercise of LTIP Options over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc
ISIN: GB00BXB07J71 | ||||||
b. | Nature of the transaction | Exercise of LTIP options under LTIP scheme | ||||||
c. | Price(s) and volume(s) | | | | | | ||
| Price(s) | Volume(s) | | |||||
£Nil | 8,690 | | ||||||
d. | Aggregated information - Aggregated Volume - Price |
N/a Nil | ||||||
e. | Date of the transaction | 21 September 2023 | ||||||
f. | Place of the transaction | London Stock Exchange | ||||||
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a. | Name | Andy Wilson | ||||||
2 | Reason for notification | | ||||||
a. | Position/Status | Member of Operations Board | ||||||
b. | Initial notification/ Amendment | Initial Notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a. | Name | Gateley (Holdings) Plc | ||||||
b. | LEI | 213800WZGNN7U6LEUM62 | ||||||
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 | Exercise of LTIP Options over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc
ISIN: GB00BXB07J71 | ||||||
b. | Nature of the transaction | Exercise of LTIP options under LTIP scheme | ||||||
c. | Price(s) and volume(s) | | | | | | ||
| Price(s) | Volume(s) | | |||||
£Nil | 8,690 | | ||||||
d. | Aggregated information - Aggregated Volume - Price |
N/a Nil | ||||||
e. | Date of the transaction | 23 February 2023 | ||||||
f. | Place of the transaction | London Stock Exchange | ||||||
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a. | Name | Andrew Cowan | ||||||
2 | Reason for notification | | ||||||
a. | Position/Status | Member of Operations Board | ||||||
b. | Initial notification/ Amendment | Initial Notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a. | Name | Gateley (Holdings) Plc | ||||||
b. | LEI | 213800WZGNN7U6LEUM62 | ||||||
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 | Exercise of LTIP Options over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc
ISIN: GB00BXB07J71 | ||||||
b. | Nature of the transaction | Exercise of LTIP options under LTIP scheme | ||||||
c. | Price(s) and volume(s) | | | | | | ||
| Price(s) | Volume(s) | | |||||
£Nil | 10,862 | | ||||||
d. | Aggregated information - Aggregated Volume - Price |
N/a Nil | ||||||
e. | Date of the transaction | 21 September 2023 | ||||||
f. | Place of the transaction | London Stock Exchange | ||||||
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a. | Name | Nick Capell | ||||||
2 | Reason for notification | | ||||||
a. | Position/Status | Member of Operations Board | ||||||
b. | Initial notification/ Amendment | Initial Notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a. | Name | Gateley (Holdings) Plc | ||||||
b. | LEI | 213800WZGNN7U6LEUM62 | ||||||
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 | Exercise of CSOP award over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc
ISIN: GB00BXB07J71 | ||||||
b. | Nature of the transaction | Exercise of CSOP award | ||||||
c. | Price(s) and volume(s) | | | | | | ||
| Price(s) | Volume(s) | | |||||
£8,000.10 | 5,926 | | ||||||
d. | Aggregated information - Aggregated Volume - Price |
5,926 £8,000.10p | ||||||
e. | Date of the transaction | 21 September 2023 | ||||||
f. | Place of the transaction | London Stock Exchange | ||||||
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a. | Name | Vikki Whittemore | ||||||
2 | Reason for notification | | ||||||
a. | Position/Status | Member of Operations Board | ||||||
b. | Initial notification/ Amendment | Initial Notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a. | Name | Gateley (Holdings) Plc | ||||||
b. | LEI | 213800WZGNN7U6LEUM62 | ||||||
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 | Exercise of CSOP award over ordinary shares of 10p each in the capital of Gateley (Holdings) Plc
ISIN: GB00BXB07J71 | ||||||
b. | Nature of the transaction | Exercise of CSOP award | ||||||
c. | Price(s) and volume(s) | | | | | | ||
| Price(s) | Volume(s) | | |||||
£8,000.10 | 5,926 | | ||||||
d. | Aggregated information - Aggregated Volume - Price |
5,926 £8,000.01p | ||||||
e. | Date of the transaction | 21 September 2023 | ||||||
f. | Place of the transaction | London Stock Exchange | ||||||
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.