Completion of acquisition and Placing

RNS Number : 9759I

Gresham House PLC

30 November 2018

 

Gresham House plc

("Gresham House" or the "Group")

Completion of acquisition and Placing

Gresham House, (AIM: GHE) the specialist alternative asset manager, is pleased to announce that further to its statement of 8 November, the acquisition of the fund and investment management businesses of Livingbridge VC LLP has completed, together with the associated Placing of 2,617,628 Ordinary Shares, (the "Placing Shares") and allotment of 1,562,500 Ordinary Shares, (the "Consideration Shares").

The Placing Shares and Consideration Shares have been admitted to trading on the AIM market of the London Stock Exchange and dealings will commence at 8.00 am today.  

Following the issue of Placing Shares and Consideration Shares, the Group's total issued share capital is 24,800,933. This figure may be used by shareholders as the denominator for calculations to determine if they are required to notify their interest in, (or a change to their interest in) the Group, under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

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For more information contact:

Gresham House plc Kevin Acton, CFO John-Paul Preston, COO	[phone]
Canaccord Genuity - Nominated Adviser and Joint Broker Bobbie Hilliam Michael Reynolds	[phone]
Jefferies International Limited - Joint Broker Paul Nicholls Max Jones Chris Binks	[phone]
Montfort Communications Olly Scott Louis Supple	[e-mail] [phone] [phone]

About Gresham House

Gresham House plc is an AIM quoted specialist alternative 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 strategic public and private equity (private assets), forestry, renewable energy, housing and infrastructure. 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

 

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