Gresham House PLC AGM Statement (1757Z)
16 May 2019 - 4:00PM
UK Regulatory
TIDMGHE
RNS Number : 1757Z
Gresham House PLC
16 May 2019
Gresham House plc
("Gresham House" or the "Company")
AGM statement
Gresham House plc, (AIM:GHE) the specialist alternative asset
manager, will hold its Annual General Meeting today at 12.30 pm in
Octagon Point, 5 Cheapside, London, EC2V 6AA.
Anthony Townsend, Non-Executive Chairman, will make the
following statement:
"The Company is pleased to announce that current trading of the
business is in line with management's expectations. As highlighted
in recent announcements, the Group continues to successfully target
organic growth from its Strategic Equity and Real Assets divisions
alongside identified synergies from acquisitions executed in
2018.
"The international expansion of the Forestry division has
started. A new relationship with a large institutional investor has
resulted in a signed letter of intent for the asset management of a
substantial Irish forestry portfolio on its behalf. This successful
and significant development is an example of how far our Forestry
division's integration plans have progressed and involved all parts
of the integrated Group.
"Additionally, a new fund raising has commenced for Gresham
House Energy Storage Fund plc (GRID), following the recent
announcement of a placement of up to GBP75 million to acquire
further battery storage projects.
"We have started the year in line with management plans and have
made good progress developing the international side of the
Forestry business through the proposed organic growth into Ireland.
The quality of our business' brand and its people is increasingly
being recognised through industry awards and we remain optimistic
for the rest of 2019."
- Ends -
For more information contact:
Gresham House plc
Kevin Acton, Finance Director +44 (0)20 3837 6270
Montfort Communications greshamhouse@montfort.london
Olly Scott +44 (0)78 1234 5205
Louis Supple +44 (0)20 3770 7914
Canaccord Genuity Limited - Nominated
Adviser and Joint Broker
Bobbie Hilliam
Jack Haynes +44 (0)20 7523 8000
Jefferies International Limited - Financial
Adviser and Joint Broker
Paul Nicholls
Max Jones
Chris Binks +44 (0)20 7029 8000
About Gresham House
Gresham House plc is an AIM quoted specialist asset manager
providing funds, direct investments and tailored investment
solutions, including co-investment across a range of highly
differentiated alternative investment strategies. Our expertise
includes timber, renewable energy, housing and infrastructure,
strategic public and private equity (private assets). The group
aims to deliver sustainable financial returns and is committed to
building long-term partnerships with clients (institutions, family
offices, high-net-worth individuals, charities and endowments and
private individuals) to help them achieve their financial
goals.
Shareholder value creation will be driven by long-term growth in
earnings as a result of increasing AUM and returns from invested
capital.
www.greshamhouse.com
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END
AGMAAMFTMBJBBJL
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