- Alternative asset manager Gresham House said certain directors and employees had elected to invest and defer up to the maximum amount permitted of their 2018 bonus award into ordinary shares in the company.

The purpose of the company's bonus share matching plan was to encourage Gresham House employees to invest in the long-term growth of the company, the company said.

Under the plan, if the shares do not generate 7% annual growth rate in total shareholder return and out-perform the FTSE All Share Index from the date of deferral, the participants of the plan would receive only the ordinary shares acquired with the deferred bonus

At 10:05am: [LON:GHE] Gresham House Plc share price was +4.5p at 505p

Story provided by