EBT Share Purchase
Updated : 00:00
22 May 2023
Gresham House plc
("Gresham House" or the "Company")
EBT Share Purchase
The Company was notified on 22 May 2023 that Intertrust Employee Benefit Trustee Limited, the trustee of the Gresham House Plc Employee Benefit Trust (the "EBT"), had purchased 60,000 ordinary shares of 25p each in the Company ("Ordinary Shares") at an average price of 792 pence per Ordinary Share on 19 May 2023. These Ordinary Shares are to be held in the EBT and are intended to be used to satisfy the exercise of share options by employees. The EBT is a discretionary trust for the benefit of the Company's employees, including the Directors of the Company. The purchase of Ordinary Shares by the EBT has been funded by a loan provided by the Company from its existing cash resources.
Following this transaction and the settlement by the EBT of an in-flight exercise of share options by an employee over 1,692 Ordinary Shares, a total of 516,589 Ordinary Shares will be held by the EBT, representing approximately 1.35 per cent of the Company's total voting rights.
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For more information contact: | |
Gresham House plc Kevin Acton, Chief Financial Officer | +44 (0)20 3837 6270 |
Houston - media and analysts Kay Larsen Kelsey Traynor | gh@houston.co.uk +44 (0) 20 4 529 0549 |
Canaccord Genuity Limited - Nominated Adviser and Joint Broker Bobbie Hilliam Harry Pardoe | +44 (0)20 7523 8000
|
Jefferies International Limited - Joint Broker and Financial Adviser Paul Nicholls James Umbers | +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 £8 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, we are committed to operating responsibly and sustainably. We believe taking the long view in delivering sustainable investment solutions will continue to be a growing factor in the strength of our market positioning.
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