Ad hoc announcement: NewGAMe SA publishes interim results of the partial tender offer for shares in GAM Holding AG
04 October 2023 - 4:00PM
Ad hoc announcement: NewGAMe SA publishes interim results of the
partial tender offer for shares in GAM Holding AG
04 October 2023
PRESS RELEASE
Ad hoc announcement pursuant to Art. 53 Listing Rules:
NewGAMe SA publishes interim
results of the partial tender offer for shares in
GAM Holding AG
Following the end of the main acceptance period, NewGAMe SA
(“NewGAMe”) has published the provisional notice of the interim
results of its offer for a maximum of 28,000,000 publicly held
registered shares in GAM Holding AG (“GAM”) with a nominal value of
CHF 0.05 each equivalent to 17.5% of the issued share capital of
159,682,531 shares. The interim results show that during the main
acceptance period there were tenders for 40,243,738 shares.
The NewGAMe investor group currently holds or has the right to
vote shares representing 9.6% of the outstanding share capital of
GAM. The additional acceptance period commences on 10 October and
finishes on 23 October. The provisional notice of the final results
will be published on the 24 October 2023. Upon settlement of the
offer, it is expected that NewGAMe will hold or have the right to
vote not less than 27.1 % of the share capital of GAM. Pursuant to
Section 5.5 of the Supplement n° 1, the settlement of the Offer is
expected to take place on 6 November 2023, subject to any
postponement (as defined in Section 3.7 of the Prospectus). As set
out in Section 8.7 of the Offer Prospectus, the Offeror expects
that the settlement date will need to be postponed by approximately
four months due to regulatory approval procedures.
Upcoming events:19 October
2023 Q3
2023 Interim Statement
For further information please contact:
Charles Naylor
Head of
Communications and Investor RelationsT +44 7890 386 699
Media
Relations Ute
Dehn Christen T +41
58 426 31 36
Visit us: www.gam.comFollow us: Twitter and LinkedIn
GAM
GAM is an independent investment manager that is listed in
Switzerland. Total assets under management were CHF 68 billion as
at 30 June 2023, with Investment Management at CHF 21.9 billion and
Fund Management Services at CHF 46.1 billion. GAM has global
distribution with offices in 14 countries and is geographically
diverse with clients in almost every continent. It has 3,500
clients globally, of which c. 2,700 are based in Europe.
Headquartered in Zurich, GAM Investments was founded in 1983 and
its registered office is at Hardstrasse 201 Zurich, 8037
Switzerland.
Other Important Information
This release contains or may contain statements that constitute
forward-looking statements. Words such as “anticipate”, “believe”,
“expect”, "estimate", "aim", “project”, “forecast”, "risk",
“likely”, “intend”, “outlook”, “should”, “could”, "would", “may”,
“might”, "will", "continue", "plan", "probability", "indicative",
"seek", “target”, “plan” and other similar expressions are intended
to or may identify forward-looking statements.
Any such statements in this release speak only as of the date
hereof and are based on assumptions and contingencies subject to
change without notice, as are statements about market and industry
trends, projections, guidance and estimates. Any forward-looking
statements in this release are not indications, guarantees,
assurances or predictions of future performance and involve known
and unknown risks, uncertainties and other factors, many of which
are beyond the control of the person making such statements, its
affiliates and its and their directors, officers, employees, agents
and advisors and may involve significant elements of subjective
judgement and assumptions as to future events which may or may not
be correct and may cause actual results to differ materially from
those expressed or implied in any such statements. You are strongly
cautioned not to place undue reliance on forward-looking statements
and no person accepts or assumes any liability in connection
therewith.
This release is not a financial product or investment advice, a
recommendation to acquire, exchange or dispose of securities or
accounting, legal or tax advice. It has been prepared without
taking into account the objectives, legal, financial or tax
situation and needs of individuals. Before making an investment
decision, individuals should consider the appropriateness of the
information having regard to their own objectives, legal, financial
and tax situation and needs and seek legal, tax and other advice as
appropriate for their individual needs and jurisdiction.
- 2023 10 04 Ad hoc NewGAMe SA publishes interim results of the
partial tender offer for shares in GAM Holding AG_EN
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