Director/PDMR Shareholding

LEI: 549300XVXU6S7PLCL855

For immediate release

27 June 2025

Liontrust Asset Management Plc

("Liontrust" or the "Company")

Notification of transactions of persons discharging managerial responsibilities ("PDMRs")

Liontrust announces that on 26 June 2025 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:

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.

Reflecting on Liontrust's performance and the broader shareholder experience over the last financial year, the Remuneration Committee ("the Committee") determined to exercise discretion to reduce the LTIP award by 15% from the maximum opportunity as set out in the Directors' Remuneration Policy approved by shareholders at the 2024 AGM. For John Ions, this will involve a 15% reduction from 350% of salary to 297.5% of salary. For Vinay Abrol, the LTIP award was reduced from a maximum of 250% of salary to 212.5% of salary.

The LTIP awards will vest based on performance measured over the three-year period from 1 April 2025 to 31 March 2028 and will be subject to a compulsory two-year post-vesting holding period, as well as malus and clawback provisions in line with the terms of our shareholder approved Directors' Remuneration Policy.

The Committee has determined to reduce the threshold vesting to 10% of the award (down from the approved policy level of 25%), with vesting rising to 100% for stretch performance, thereby further strengthening the alignment between executive payouts and long-term Company performance.

Performance will be assessed against the following metrics:

●     40% absolute total shareholder return ("TSR"), with a relative TSR underpin measured against the FTSE 250 that permits the Committee to adjust the absolute TSR outcome by up to 10% of the award to ensure alignment with shareholder returns;

●     30% diluted adjusted earnings per share, excluding performance fees; and

●     30% investment performance, determined by the weighted three- and five-year performance of Liontrust's funds relative to the first or second quartile of their respective Investment Association sectors at the end of the performance period.

Consistent with Provision 37 of the UK Corporate Governance Code, the Committee retains discretion to moderate any formulaic vesting outcome to ensure it appropriately reflects the Company's overall performance and the shareholder experience. The specific performance targets, which the Committee considers challenging in the current trading environment, will be fully disclosed in the 2026 Annual Report on Remuneration.

Formal notification in respect of each PDMR is set out below in accordance with the requirements of the Market Abuse Regulation.

For further information please contact:

Liontrust Asset Management Plc (Tel: 020 7412 1700, Website: liontrust.co.uk)

Stephen Corbett: Head of Investor Relations

Simon Hildrey: Chief Marketing Officer

Singer Capital Markets (Tel: 020 7496 3000)

Corporate Broking: Charles Leigh-Pemberton

Corporate Advisory: James Moat

Panmure Liberum (Tel: 020 7886 2500)

Corporate Broking: David Watkins

Corporate Advisory: Atholl Tweedie

ENDS