Gresham House PLC Confirmation of Applications for New Shares (9036Y)
March 08 2017 - 9:53AM
UK Regulatory
TIDMGHE
RNS Number : 9036Y
Gresham House PLC
08 March 2017
8 March 2017
Gresham House Plc ("Gresham House" or "the Company")
(AIM: GHE)
Confirmation of Number of Applications for New Shares
As previously announced on 21 February 2017, The Royal County of
Berkshire Pension Fund ("Berkshire") has agreed to conditionally
subscribe for up to 2,546,372 new Ordinary Shares (less an amount
of shares equal to the number of Ordinary Shares acquired by
Berkshire in the market on or prior to the date of such
subscription), representing, if fully subscribed, 20 per cent of
the enlarged issued share capital of the Company.
Subsequent to the announcement on 21 February 2017, Berkshire
has acquired, in aggregate, 295,000 ordinary shares on market.
Accordingly, Gresham House is pleased to announce that application
has been made for the admission to trading on AIM ("Admission") of
2,251,372 new ordinary shares of 25p each in the Company ("New
Berkshire Shares") pursuant to the proposed subscription by
Berkshire announced on 21 February 2017. The proposed subscription
is conditional upon, inter alia, the approval of shareholders at
the Company's General Meeting, which is scheduled to take place at
10.00 a.m. on 10 March 2017.
Application has also been made for 100,097 new Ordinary Shares
pursuant to investment by management and employees of the Company
as announced on 24 February 2017 ("Employee Shares"). The New
Berkshire Shares and the Employee Shares will rank pari passu in
all respects with the existing Ordinary Shares of the Company.
Admission of the 21 February 2017 is expected to occur on 13 March
2017.
Following Admission, the Company's issued share capital will
comprise 12,536,956 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.
Enquiries:
Gresham House plc
John-Paul Preston 020 3837 6270
Liberum Capital Limited
Neil Elliot
Jill Li 020 3100 2000
This information is provided by RNS
The company news service from the London Stock Exchange
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