REG - AssetCo PLC - Director/PDMR Shareholding

AssetcoAnnouncement

06/11/2023 07:00

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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                       Deutsche Numis

 Gary Marshall, CFOO               Nominated adviser and joint broker

 Peter McKellar, Deputy Chairman   Giles Rolls / Charles Farquhar

 Tel: +44 (0) 7788 338157          Tel: +44 (0) 20 7260 1000

 Panmure Gordon (UK) Limited       H/Advisors Maitland

 Joint broker                      Neil Bennett

 Atholl Tweedie                    Rachel Cohen

 Tel: +44 (0) 20 7886 2500         Tel: +44 (0) 20 7379 55151

For further details, visit the website, www.assetco.com
(http://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

 

 

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