Gresham House PLC Intended Purchase of Shares by EBT (5097S)
July 14 2022 - 7:02AM
UK Regulatory
TIDMGHE TIDMTTM
RNS Number : 5097S
Gresham House PLC
14 July 2022
14 July 2022
Gresham House plc
("Gresham House" or the "Company")
Intended Purchase of Shares by Employee Benefit Trust
The Company announces that Intertrust Employee Benefit Trustee
Limited, the trustee of the Gresham House Plc Employee Benefit
Trust (the "EBT"), has indicated its intention to make market
purchases in ordinary shares of the Company for the benefit of the
EBT up to a value of GBP2 million, to help meet future obligations
arising under the Company's long-term incentive plan (the "Market
Purchases").
The Market Purchases are subject to the EBT's discretion as to
the purchase price, in consultation with Canaccord Genuity, the
Company's broker, to be paid up to a pre-agreed maximum price per
ordinary share in the Company.
It is expected that the Market Purchases will be funded by
amounts advanced by the Company by way of loan, such funding having
been provided for within recent public announcements as to the
Company's outlook.
Further announcements will be made on completion of the Market
Purchases.
- Ends -
For more information contact:
Gresham House plc +44 (0)20 3837
Kevin Acton, Chief Financial Officer 6270
gh@houston.co.uk
Houston - media and analysts +44 (0) 20 4
Kay Larsen 529 0549
Joe Burgess
Canaccord Genuity Limited - Nominated Adviser
and Joint Broker
Bobbie Hilliam +44 (0)20 7523
Georgina McCooke 8000
Jefferies International Limited - Joint Broker
and Financial Adviser
Paul Nicholls +44 (0)20 7029
Max Jones 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.
www.greshamhouse.com
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END
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