EBT Share Purchase

RNS Number : 2124H

Gresham House PLC

22 November 2022

 

Replacement: This RNS replaces RNS 1983H "Director/PDMR Shareholding", replacing the headline with the correct wording “ EBT Share Purchase ”. No other changes have been made.

22 November 2022

Gresham House plc

("Gresham House" or the "Company")

EBT Share Purchase

The Company was notified on 18 November 2022 that Intertrust Employee Benefit Trustee Limited, the trustee of the Gresham House Plc Employee Benefit Trust (the "EBT"), had purchased 15,000 ordinary shares of 25p each in the Company ("Ordinary Shares") at an average price of 767 pence per Ordinary Share on 18 November 2022. These Ordinary Shares are to be held in the EBT and are intended to be used to satisfy the exercise of share options by employees. The EBT is a discretionary trust for the benefit of the Company's employees, including the Directors of the Company. The purchase of Ordinary Shares by the EBT has been funded by a loan provided by the Company from its existing cash resources.

Following this transaction, a total of 192,060 Ordinary Shares are held by the EBT, representing approximately 0.50 per cent of the Company's total voting rights.

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For more information contact:
Gresham House plc      Kevin Acton, Chief Financial Officer	[phone]
Houston - media and analysts      Kay Larsen Joe Burgess	[e-mail]  [phone]
Canaccord Genuity Limited - Nominated Adviser and Joint Broker      Bobbie Hilliam  Harry Pardoe	[phone]
Jefferies International Limited - Joint Broker and Financial Adviser  Paul Nicholls  Max Jones	[phone]

About Gresham House

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