Change of Investment Manager

RNS Number : 9413E

Gresham House Strategic PLC

09 November 2015

 

Gresham House Strategic plc (formerly SPARK Ventures Plc)

9 November 2015

Change of Investment Manager

Gresham House Strategic plc (the "Company") announces that Gresham House Asset Management Ltd ("GHAM"), a wholly owned subsidiary of Gresham House plc (AIM: GHE), has been appointed as the Investment Manager to the Company with immediate effect, following GHAM receiving formal authorisation from the Financial Conduct Authority to carry out designated investment management business within the UK.

GHAM will replace Sapia Partners LLP who acted as Investment Manager to the Company on an interim basis. GHAM has been acting as Investment Adviser and as an Authorised Representative of Sapia Partners LLP.

The terms and conditions of the investment management agreement remain the same.

Commenting on the appointment, Graham Bird, Head of Strategic Investment at 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 anticipated by the substantial shareholder support at the recent General Meeting and capital raise. "

For further information, please contact:

Gresham House Strategic plc	David Potter/ Andrew Betton	07711 450 391 / 07540 725 100
Gresham House plc/ GHAM	Graham Bird	020 3837 6272
finnCap	Matt Goode/ Emily Watts	020 7220 0500
Attila Consultants	Charles Cook/ Sorrel Davies	020 7947 4489 / 07710 910563
Liberum	Peter Tracey/ Neil Elliot/ Clayton Bush	020 3100 2000

 

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