Share Issuance and Exercise of Warrants
Updated : 07:03
Gresham House plc
("Gresham House" or the "Company")
Share Issuance and Exercise of Warrants
Gresham House, (AIM: GHE) the specialist alternative asset manager, notifies that application has been made for the admission to trading on AIM ("Admission") for 31,604 new Ordinary Shares of 25p each in the Company to be issued to the trustee of the Gresham House plc Employee Benefit Trust (the "Trust"). These shares will be used by the Trust for the settlement of awards granted under one of the Company's employee share schemes, namely the Performance Share Plan (PSP). Gresham House has also applied for Admission for 7,272 new Ordinary Shares of 25p each in the Company pursuant to the exercise of shareholder warrants at an exercise price of 323.27p per share. The new Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares of the Company. Admission of the new Ordinary Shares is expected on 20 August 2019.
Following Admission, the Company's issued share capital will comprise 27,528,240 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. In addition, the Company will have 419,285 shareholder warrants and 17,000 supporter warrants in issue.
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For more information contact:
Gresham House plc Kevin Acton, Finance Director
| +44 (0)20 3837 6271
|
Montfort Communications Olly Scott Louis Supple
| greshamhouse@montfort.london +44 (0)78 1234 5205 +44 (0)20 3770 7914 |
Canaccord Genuity Limited - Nominated Adviser and Joint Broker Bobbie Hilliam Thomas Diehl
| +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.
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