Intended Purchase of Shares by EBT
Updated : 12:04
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 £2 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 Kevin Acton, Chief Financial Officer | +44 (0)20 3837 6270 |
Houston - media and analysts Kay Larsen Joe Burgess | gh@houston.co.uk +44 (0) 20 4 529 0549 |
Canaccord Genuity Limited - Nominated Adviser and Joint Broker Bobbie Hilliam Georgina McCooke | +44 (0)20 7523 8000
|
Jefferies International Limited - Joint Broker and Financial Adviser Paul Nicholls Max Jones | +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.
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