Gresham House PLC Regulatory Approval (9439E)
November 09 2015 - 2:00AM
UK Regulatory
TIDMGHE TIDMGHS
RNS Number : 9439E
Gresham House PLC
09 November 2015
9 November 2015
Gresham House plc ("Gresham House" or "the Company")
(AIM: GHE)
FCA Authorisation Approval
Gresham House plc announces that it has received notification
from the Financial Conduct Authority ("FCA") that its wholly owned
specialist asset management subsidiary, Gresham House Asset
Management Ltd ("GHAM"), has been authorised under Part 4A of the
Financial Services and Market Act to carry out designated
investment management business within the UK with Financial
Services Register reference number 682776.
As a result of authorisation GHAM will become the Investment
Manager rather than Investment Adviser of Gresham House Strategic
plc (formerly Spark Ventures plc) (AIM: GHS).
Commenting on the approval Anthony Dalwood, CEO, Gresham House
said:
"I am pleased that we have received FCA approval to provide
investment management services. Securing authorisation for GHAM is
an important step for Gresham House as we deliver on our plans to
develop as a specialist asset manager of differentiated and
illiquid alternative investment strategies that generate superior
long term investment returns.
"Graham Bird and I will now transition from advisers to managers
of Gresham House Strategic plc, our quoted Strategic Public Equity
vehicle"
Graham Bird, Head of Strategic Investments, Gresham House
said:
"We are pleased that GHAM has now been fully authorised by the
FCA which allows Gresham House Strategic to continue to progress on
its new mandate of strategic public equity as intended by the
substantial shareholder support at the recent General Meeting and
capital raise. "
Enquiries:
Gresham House plc 0203 837 6278
Tony Dalwood, Chief
Executive Officer
Rupert Robinson, MD
Gresham House Asset
Management
Montfort Communications, greshamhouse@montfort.london
PR Adviser
Gay Collins 07798 626282
Rory King 07917 086227
This information is provided by RNS
The company news service from the London Stock Exchange
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