Trading Update and Capital Markets Day

RNS Number : 7490F

Gresham House PLC

09 November 2022

 

9 November 2022

Gresham House plc

("Gresham House", the "Company" or the "Group")

Trading Update and Capital Markets Day

Gresham House, the specialist alternative asset manager, is pleased to announce a trading update for the nine-month period to 30 September 2022, ahead of its Capital Markets Day at 2pm GMT today.

The Group has seen further strong progress in the delivery of its GH25 strategy during this period. Assets Under Management (AUM) rose by 15% (£1.0bn) in the nine-month period to reach £7.5bn, whilst full year adjusted operating profit is expected to remain in line with market expectations¹ for the 12 months to 31 December 2022.

Gresham House will be hosting its second annual Capital Markets Day event for investors and clients at 2pm GMT today Wednesday 9 November. The focus will be on:

1. Gresham House's identified pathway to further profitable growth

2. How will Gresham House's investment strategies perform in an inflationary and higher interest rate environment?

The event will be live-streamed from Gresham House's London office, and will provide an overview of opportunities for growth in the current inflationary and higher interest rate environment, as well as insights into the resilience, scalability and long-term outlook for the business.

It will be hosted by CEO, Tony Dalwood, CFO, Kevin Acton and Managing Director, Rupert Robinson, and will feature presentations by members of the Gresham House team from across the Group's various asset classes.

https://greshamhouse.connectid.cloud/register  

Tony Dalwood, Chief Executive Officer, said:

"The structural growth in alternative asset management remains a positive long-term dynamic for our Group and it is also pleasing we are still seeing growth in AUM in the current environment".

¹ Market expectations defined as adjusted operating profit for the year to 31 December 2022 in the range of 25.3 million to 26.5 million in broker reports that follow Gresham House plc as at 8 November 2022

Ends

For more information contact:

Gresham House plc Tony Dalwood, Chief Executive Officer Kevin Acton, Chief Financial Officer	[phone]
Houston - Media and analysts Kay Larsen Alex Clelland	[e-mail] [phone]
Canaccord Genuity Limited - Nominated Adviser and Joint Broker Bobbie Hilliam Harry Pardoe	[phone]
Jefferies International Limited - Joint Broker Paul Nicholls Max Jones	[phone]

About Gresham House

Gresham House is a specialist alternative asset management group, dedicated to sustainable investments across a range of strategies, with expertise across forestry, housing, sustainable infrastructure, renewable energy and battery storage, public and private equity.

Our origins stretch back to 1857, while our focus is on the future and the long term. Quoted on the London Stock Exchange (GHE:LN) we actively manage c.£7.5 billion  of assets  on behalf of institutions, family offices, charities and endowments, private individuals and their advisers. We act responsibly within a culture of empowerment that encourages individual flair and entrepreneurial thinking.

As a signatory to the UN-supported Principles for Responsible Investment, we are committed to operating responsibly and sustainably. We believe taking the long view in delivering sustainable investment solutions will continue to be a growing factor in the strength of our market positioning.

www.greshamhouse.com

 

END

 

 

TSTKVLFBLFLBFBK