Gresham House PLC Issue of Shares to Employee Benefit Trust (1132G)
26 March 2022 - 02:17AM
UK Regulatory
TIDMGHE
RNS Number : 1132G
Gresham House PLC
25 March 2022
25 March 2022
Gresham House plc
("Gresham House" or the "Company")
Issue of Shares to Employee Benefit Trust
Gresham House, (AIM: GHE) the specialist alternative asset
manager, was notified on 25 March 2022 that the Company's Employee
Benefit Trust ("EBT") intends to subscribe for 200,000 new ordinary
shares in the Company at their par value of 25p each and at an
aggregate cost to the EBT of GBP50,000 ("New Ordinary Shares"). The
Company has agreed to lend GBP50,000 to the EBT to fund its
subscription for the New Ordinary Shares. The New Ordinary Shares
to be held by the EBT are intended to be used to satisfy, in part,
previously announced awards arising from the Company's employee
incentive schemes.
Accordingly, on 25 March 2022, the Company allotted the New
Ordinary Shares to the EBT and such shares will rank pari passu in
all respects with the existing ordinary shares of the Company. It
is anticipated that the New Ordinary Shares will be admitted to
trading on AIM on or around 31 March 2022 ("Admission").
Following Admission, the Company's issued share capital will
comprise 38,273,996 ordinary shares, which figure 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 FCA's Disclosure and Transparency Rules. The
Company does not hold any shares in treasury.
-Ends-
For more information contact:
Gresham House plc
Kevin Acton, CFO +44 (0)20 3837 6270
Houston
Alex Clelland gh@houston.co.uk
Kay Larsen +44 (0)204 529 0549
Joseph Burgess
Canaccord Genuity Limited - Nominated
Adviser and Joint Broker
Bobbie Hilliam
Georgina McCooke +44 (0)20 7523 8000
Jefferies International Limited
- Joint Broker
Paul Nicholls
Max Jones +44 (0)20 7029 8000
About Gresham House
Gresham House is a specialist alternative asset management
group, dedicated to sustainable investments across a range of
strategies, with expertise across forestry, housing, sustainable
infrastructure, renewable energy and battery storage, public and
private equity.
Our origins stretch back to 1857, while our focus is on the
future and the long term. Quoted on the London Stock Exchange
(GHE:LN) we actively manage c.GBP6.5 billion of assets on behalf of
institutions, family offices, charities and endowments, private
individuals and their advisers. We act responsibly within a culture
of empowerment that encourages individual flair and entrepreneurial
thinking.
As a signatory to the UN-supported Principles for Responsible
Investment (PRI), our vision is to always make a positive social or
environmental impact, while delivering on our commitments to
shareholders, employees and investors. www.greshamhouse.com
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END
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