Liontrust Asset Management PLC
07 August 2026
LEI: 549300XVXU6S7PLCL855
For immediate release
7 August 2026
Liontrust Asset Management Plc
("Liontrust" or the "Company")
Notification of transactions of persons discharging managerial responsibilities ("PDMRs")
Liontrust announces that on 6 August 2026 it granted LTIP awards of nil price options ("Options") over the Company's ordinary shares of 1p each ("Shares") to John Ions, Chief Executive Officer, and Vinay Abrol, Chief Financial Officer. John Ions and Vinay Abrol are both PDMRs.
The details of the Options granted are as follows:
|
PDMR |
Number of Options |
|
John Ions (CEO) |
566,203 |
|
Vinay Abrol (CFO) |
308,797 |
The Options are granted in accordance with the rules of the Company's Long Term Incentive Plan ("LTIP") for its Executive Directors and are subject to stretching performance targets based on total shareholder return, diluted adjusted earnings per share and investment performance.
Last year's LTIP grants were scaled back by 15% of the policy maximum resulting in awards of 297.5% of salary for John Ions and 212.5% of salary for the Vinay Abrol (versus policy maximums of 350% and 250% of salary respectively). Given the continued challenging shareholder experience, ongoing net outflows and material share price decline since the prior grant, this year's awards have been capped at a 25% increase in share numbers versus last year, equating to 284% of salary for John Ions and 203% of salary for Vinay Abrol.
While the Remuneration Committee considered whether any increase was appropriate, recent LTIP vesting outcomes have been low and annual bonuses modest. The proposed awards, below both last year's grants and policy maximum are considered a balanced and proportionate approach to maintaining incentivisation and retention
Formal notification in respect of each PDMR is set out below in accordance with the requirements of the Market Abuse Regulation.
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||
|
a) |
Name |
John Ions |
|||
|
2 |
Reason for the notification |
||||
|
a) |
Position/status |
PDMR (CEO) |
|||
|
b)
|
Initial notification /Amendment |
Initial notification |
|||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||
|
a) |
Name |
Liontrust Asset Management Plc |
|||
|
b)
|
LEI |
549300XVXU6S7PLCL855 |
|||
|
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 1p each |
|||
|
Identification code |
GB0007388407 |
||||
|
b)
|
Nature of the transaction |
Grant of nil price options under the Liontrust Long Term Incentive Plan |
|||
|
c) |
Price(s) and volume(s) |
||||
|
Price(s) |
Volume(s) |
||||
|
Nil |
566,203 |
||||
|
d) |
Aggregated information |
||||
|
- Aggregated volume |
Not applicable |
||||
|
- Price |
|||||
|
e) |
Date of the transaction |
6 August 2026 |
|||
|
f) |
Place of the transaction |
Outside a trading venue |
|||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||
|
a) |
Name |
Vinay Abrol |
|||
|
2 |
Reason for the notification |
||||
|
a) |
Position/status |
PDMR (CFO) |
|||
|
b)
|
Initial notification /Amendment |
Initial notification |
|||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||
|
a) |
Name |
Liontrust Asset Management Plc |
|||
|
b)
|
LEI |
549300XVXU6S7PLCL855 |
|||
|
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 1p each |
|||
|
Identification code |
GB0007388407 |
||||
|
b)
|
Nature of the transaction |
Grant of nil price options under the Liontrust Long Term Incentive Plan |
|||
|
c) |
Price(s) and volume(s) |
||||
|
Price(s) |
Volume(s) |
||||
|
Nil |
308,797 |
||||
|
d) |
Aggregated information |
||||
|
- Aggregated volume |
Not applicable |
||||
|
- Price |
|||||
|
e) |
Date of the transaction |
6 August 2026 |
|||
|
f) |
Place of the transaction |
Outside a trading venue |
|||
Performance conditions
Awards will vest based on the following performance conditions over the three-year period from 1 April 2026 to 31 March 2029. Threshold vesting remains at 10%, consistent with last year's approach and below the 25% permitted under the policy with vesting rising to 100% for stretch performance:
● 40% absolute total shareholder return ("TSR"), with a relative TSR underpin;
● 30% Adjusted diluted adjusted earnings per share, excluding performance fees; and
● 30% investment performance.
Absolute TSR with Relative TSR underpin vs FTSE250 - 40%
|
Threshold (10% payout) |
Maximum (100% payout) |
|
|
Absolute TSR over the period starting from the date of grant to the end of the performance period (targets maintained at last year's level) |
510p (20% per annum) |
583p (26% per annum) |
A relative FTSE 250 underpin allows the Committee to adjust the Absolute TSR payout by up to 10%. If Liontrust's Absolute TSR over the performance period is below the FTSE 250 median, the Committee will consider a downwards adjustment, taking into account Absolute TSR performance, performance versus sector peers, and the extent of the underperformance against the FTSE 250.
Adjusted diluted EPS (ex-performance fees) - 30%
|
Threshold (10% payout) |
Target (50% payout) |
Maximum (100% payout) |
|
|
Adjusted Diluted EPS (ex-performance fees) at the end of the performance period (targets maintained at last year's level) |
41.9p |
46.6p |
51.3p |
Investment Performance - 30%
Weighted Assets under Management and Advice ("AuMA") over 3 years and 5 years in the top two Investment Association ("IA") quartiles, for those funds in IA sectors, equally weighted at 15% each.
|
Threshold (10% payout) |
Maximum (100% payout) |
|
|
Weighted AuMA in top 2 IA quartiles |
40% |
60% |
River Global Acquisition
The above performance conditions reflect the acquisition of River Global. Both the Adjusted diluted EPS and investment performance measures will include River Global for full performance period. The three-year investment performance measure will capture 2.75 of 3 years under Liontrust's ownership and the five-year measure will capture over half (2.75 of 5 years), such that inclusion is considered appropriate.
For further information please contact:
Liontrust Asset Management Plc (Tel: 020 7412 1700, Website: liontrust.com)
Stephen Corbett: Head of Investor Relations
Simon Hildrey: Chief Marketing Officer
H/Advisors (Email: liontrust@h-advisors.global)
Rachel Cohen (Tel: 0755 717 8196, Email: rachel.cohen@h-advisors.global)
Berenberg (Tel: 020 3207 7800)
Investment Banking: James Felix, John Welch, Dan Gee-Summons
Panmure Liberum (Tel: 020 7886 2500)
Corporate Broking: David Watkins
Corporate Advisory: Atholl Tweedie
Singer Capital Markets (Tel: 020 7496 3000)
Corporate Broking: Charles Leigh-Pemberton
ENDS
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