Gresham House PLC General Meeting approves issue of new shares (1931Z)
11 March 2017 - 2:49AM
UK Regulatory
TIDMGHE
RNS Number : 1931Z
Gresham House PLC
10 March 2017
10 March 2017
Gresham House plc ("Gresham House" or "the Company")
(AIM: GHE)
General Meeting approves issue of new shares to strategic
investor, The Royal County of Berkshire Pension Fund
Gresham House, the specialist asset manager focused on
alternative investment strategies and illiquid asset classes, is
pleased to announce that the resolutions to approve the proposed
subscription for up to 2,546,372 new Ordinary Shares by the
Administering Authority for The Royal County of Berkshire Pension
Fund ("Berkshire") (the "Subscription") and the disapplication of
pre-emption rights in respect of the Subscription (further details
of which are set out in the notice of General Meeting circulated to
shareholders on 21 February 2017) were passed at the General
Meeting held earlier today on a show of hands. The details of the
proxy votes received on the resolutions are set out in the appendix
below.
In accordance with the subscription agreement entered into by
the Company and Berkshire on 21 February 2017 and the acquisition
by Berkshire of 295,000 ordinary shares on market (as announced on
8 March 2017), the Company has issued 2,251,372 new Ordinary Shares
to Berkshire (the "Berkshire Shares") and application has been made
for the above shares to be admitted to trading on AIM. Admission of
the Berkshire Shares is now expected to occur on 13 March 2017.
Following admission of the Berkshire Shares and in accordance
with the Financial Conduct Authority's Disclosure and Transparency
Rules ("DTR"), the Company's issued share capital will comprise
12,536,956 Ordinary Shares. The above figure of 12,536,956 Ordinary
Shares may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change in their
interest in, the share capital of the Company under the DTR.
Enquiries:
Gresham House plc
Tony Dalwood, Chief Executive
Officer
John-Paul Preston, Company
Secretary +44 (0) 203 837 6870
Liberum
Neil Elliot/Jill Li +44 (0) 203 100 2000
Montfort Communications, greshamhouse@montfort.london
PR Adviser +44 (0) 203 770 7906
Gay Collins
Rory King
APPENDIX
The following table gives details of the proxy votes cast
received on each of these resolutions:
Resolution Total Votes Total Votes Total Votes
For Against Withheld*
--- ------------------------- ------------ ------------ ------------
Authority to allot
the Subscription
1. Shares 5,169,452 0 303,000
100% 0%
--- ------------------------- ------------ ------------ ------------
Disapplication
of pre-emption
rights in connection
with the allotment
of Subscription
2. Shares 5,169,452 0 303,000
100% 0%
--- ------------------------- ------------ ------------ ------------
General authority
to allot Ordinary
3. Shares 5,168,452 1,000 303,000
99.98% 0.02%
--- ------------------------- ------------ ------------ ------------
General authority
to disapply pre-emption
4. rights 5,080,773 88,679 303,000
98.28% 1.72%
--- ------------------------- ------------ ------------ ------------
General authority
to make market
purchases of Ordinary
5. Shares 5,090,314 87,138 295,000
98.32% 1.68%
--- ------------------------- ------------ ------------ ------------
* A vote withheld is not treated as a vote in law and would not
be counted in the calculation of the proportion of the votes cast
for or against a resolution.
** Excludes discretionary proxy votes lodged in favour of third
parties
This information is provided by RNS
The company news service from the London Stock Exchange
END
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