Gresham House PLC Result of General Meeting (3616H)
August 16 2016 - 12:36PM
UK Regulatory
TIDMGHE
RNS Number : 3616H
Gresham House PLC
16 August 2016
16 August 2016
Gresham House plc ("Gresham House" or "the Company")
(AIM: GHE)
Result of General Meeting
Gresham House, the specialist asset manager focused on
alternative investment strategies and illiquid asset classes, is
pleased to announce that the resolutions to approve the issue of
warrants to LMS Capital plc ("LMS") to subscribe for up to
1,379,409 Ordinary Shares (the "LMS Warrants") and the
disapplication of pre-emption rights in respect of the LMS Warrants
(further details of which are set out in the notice of General
Meeting circulated to shareholders on 27 July 2016) were passed at
the General Meeting held earlier today on a show of hands. The
details of the proxy votes cast received on the resolutions are set
out in the appendix to this announcement.
It is also noted that the resolution in relation to the adoption
by LMS of a new investment policy was passed at the LMS General
Meeting held earlier today and that completion of the appointment
of GHAM as the external investment manager to LMS has now taken
place.
In accordance with the share issue and warrant subscription
agreement entered into by the Company, GHAM and LMS on 27 July
2016, the Company has issued 332,484 new Ordinary Shares (the
"Tranche 1 Shares") to LMS and application has been made for the
Tranche 1 Shares to be admitted to trading on AIM. Admission of the
Tranche 1 Shares is now expected to occur on 18 August 2016.
Following admission of the Tranche 1 Shares and in accordance
with the Financial Conduct Authority's Disclosure and Transparency
Rules ("DTR"), the Company's issued share capital will comprise
10,185,487 Ordinary Shares. The above figure of 10,185,487 Ordinary
Shares 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 DTR.
All defined terms in this announcement have the same meaning as
in the Company's circular dated 27 July 2016.
Enquiries:
Gresham House plc
Tony Dalwood, Chief Executive
Officer
John-Paul Preston, Company
Secretary +44 (0) 203 837 6270
Liberum
Neil Elliot/Jill Li +44 (0) 203 100 2000
Montfort Communications, greshamhouse@montfort.london
PR Adviser +44 (0) 7798 626282
Gay Collins +44 (0) 203 770 7906
Rory King
APPENDIX
The following table gives details of the proxy votes cast
received on each of these resolutions:
Resolution Total Votes Total Votes Total Votes
For Against Withheld*
--- ------------------------- ------------ ------------ ------------
To authorise the
directors of the
Company to exercise
all powers of
the Company to
issue warrants
to LMS Capital
plc and any of
its subsidiaries
to subscribe for
in aggregate up
to 1,379,409 Ordinary
Shares up to an
aggregate nominal 4,818,259 2,168
amount of GBP344,852.25
1. ("LMS Warrants") 99.96% 0.04% 0
--- ------------------------- ------------ ------------ ------------
To authorise the
directors to dis-apply
pre-emption rights
in respect of
2. the LMS Warrants 4,818,259 1,791 377
99.96% 0.04%
--- ------------------------- ------------ ------------ ------------
* A vote withheld is not treated as a vote in law and would not
be counted in the calculation of the proportion of the votes cast
for or against a resolution.
This table excludes discretionary proxy votes lodged in favour
of third parties.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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