Intended Purchase of Shares by EBT

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 £2 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     

Kevin Acton, Chief Financial Officer 

+44 (0)20 3837 6270 

 

Houston - media and analysts     

Kay Larsen

Joe Burgess

gh@houston.co.uk 

+44 (0) 20 4 529 0549 

 

Canaccord Genuity Limited - Nominated Adviser and Joint Broker     

Bobbie Hilliam 

Georgina McCooke 

+44 (0)20 7523 8000 

 

 

Jefferies International Limited - Joint Broker and Financial Adviser 

Paul Nicholls 

Max Jones 

+44 (0)20 7029 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

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCUSRARURUBAAR
UK 100

Latest directors dealings