TIDMGHE TIDMTTM

RNS Number : 5097S

Gresham House PLC

14 July 2022

14 July 2022

Gresham House plc

("Gresham House" or the "Company")

Intended Purchase of Shares by Employee Benefit Trust

The Company announces that Intertrust Employee Benefit Trustee Limited, the trustee of the Gresham House Plc Employee Benefit Trust (the "EBT"), has indicated its intention to make market purchases in ordinary shares of the Company for the benefit of the EBT up to a value of GBP2 million, to help meet future obligations arising under the Company's long-term incentive plan (the "Market Purchases").

The Market Purchases are subject to the EBT's discretion as to the purchase price, in consultation with Canaccord Genuity, the Company's broker, to be paid up to a pre-agreed maximum price per ordinary share in the Company.

It is expected that the Market Purchases will be funded by amounts advanced by the Company by way of loan, such funding having been provided for within recent public announcements as to the Company's outlook.

Further announcements will be made on completion of the Market Purchases.

- Ends -

 
 For more information contact: 
 
   Gresham House plc                                 +44 (0)20 3837 
   Kevin Acton, Chief Financial Officer               6270 
                                                     gh@houston.co.uk 
   Houston - media and analysts                       +44 (0) 20 4 
   Kay Larsen                                         529 0549 
   Joe Burgess 
 
   Canaccord Genuity Limited - Nominated Adviser 
   and Joint Broker 
   Bobbie Hilliam                                    +44 (0)20 7523 
   Georgina McCooke                                   8000 
 
   Jefferies International Limited - Joint Broker 
   and Financial Adviser 
   Paul Nicholls                                     +44 (0)20 7029 
   Max Jones                                          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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCUSRARURUBAAR

(END) Dow Jones Newswires

July 14, 2022 07:02 ET (11:02 GMT)

Gresham House (LSE:GHE)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Gresham House Charts.
Gresham House (LSE:GHE)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Gresham House Charts.