TIDMGHE

RNS Number : 6123M

Gresham House PLC

14 October 2016

14 October 2016

Gresham House Plc ("Gresham House" or "the Company")

(AIM: GHE)

Gresham House Issues Warrants to LMS Capital plc, the Gresham House Private Equity Platform

Gresham House, the specialist asset manager focused on alternative investment strategies and illiquid asset classes, is pleased to announce that as part of its appointment as manager of LMS Capital plc ("LMS"), the London Stock Exchange listed private equity vehicle, the Company has today issued to LMS 909,908 warrants to subscribe for up to 909,908 Gresham House ordinary shares.

Gresham House Asset Management Ltd, a subsidiary of the Company, was appointed as the external investment manager to LMS on 16 August 2016. At the time of the appointment LMS became a strategic investor in Gresham House through the issue of 332,484 initial consideration shares and since then has made on market purchases of a further 469,501 ordinary shares to acquire an aggregate holding of 7.8% of the Company's issued share capital.

LMS also had an entitlement to subscribe to new warrants at a later date. The warrants issued today ("LMS Warrants") at a price of 28 pence per warrant with an expiration date of 30 June 2018 are in connection with this appointment and if exercised, with a strike price of 323.27 pence, would increase the LMS holding in Gresham House to 15.4% of the Company's enlarged share capital.

Further details of the terms of the LMS Warrants are set out in the circular to shareholders dated 27 July 2016 which is available at www.greshamhouse.com.

Enquiries:

 
 Gresham House plc 
  Anthony Dalwood, Chief 
  Executive Officer 
  John-Paul Preston, Company 
  Secretary                     020 3837 6270 
 Liberum Capital Ltd 
  Neil Elliot 
  Jill Li                       020 3100 2000 
 Montfort Communications,       greshamhouse@montfort.london 
  PR Adviser                     0203 770 7906 
  Rory King

This information is provided by RNS

The company news service from the London Stock Exchange

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October 14, 2016 10:03 ET (14:03 GMT)

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