Response to statement by GAM Holding AG

RNS Number : 2256X
Liontrust Asset Management PLC
24 April 2023
 

DISCLOSURE OF INSIDE INFORMATION ACCORDING TO ARTICLE 17 OF THE UK VERSION OF REGULATION (EU) NO. 596/2014 (WHICH IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWL) ACT 2018)

 

FOR IMMEDIATE RELEASE

 

LIONTRUST ASSET MANAGEMENT PLC

Response to statement by GAM Holding AG

 

Further to the announcement of 18 April 2023, Liontrust Asset Management Plc ("Liontrust", or the "Company"), the specialist independent fund management group, notes the announcement made today by GAM Holding AG ("GAM") that on conclusion of the commercial discussions, which includes discussions with Liontrust about a combination of the two firms, within their strategic review, a further update is expected on or prior to 4 May 2023.

 

There can be no certainty that this will lead to a formal offer in respect of the proposed acquisition of the entire issued share capital of GAM by Liontrust ("Proposed Acquisition"), nor as to the timing or terms of any such offer, and there can be no assurance that, even if agreement is reached, any such Proposed Acquisition would be completed.  

 

A further announcement will be made as and when appropriate.

 

For further information please contact:

 

Teneo (Tel: 020 7353 4200, Email: liontrust@teneo.com)

Tom Murray or Stephanie Mackrell

 

Liontrust Asset Management Plc (Tel: 020 7412 1700, Website: liontrust.co.uk)

John Ions: Chief Executive

Vinay Abrol: Chief Financial Officer & Chief Operating Officer

Simon Hildrey: Chief Marketing Officer

David Boyle: Head of Corporate Development

 

Singer Capital Markets (Tel: 020 7496 3000)

Stephen Howard, Tom Salvesen, Justin McKeegan

 

Panmure Gordon (Tel: 020 7886 2500)

Corporate Broking: Stephen Jones

Corporate Advisory: Dominic Morley

 

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