Regulatory Approval

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, PR Adviser	[e-mail]
Gay Collins	07798 626282
Rory King	07917 086227

 

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