Result of General Meeting

RNS Number : 3616H

Gresham House PLC

16 August 2016

 

16 August 2016

Gresham House plc ("Gresham House" or "the Company")

(AIM: GHE)

Result of General Meeting

Gresham House, the specialist asset manager focused on alternative investment strategies and illiquid asset classes, is pleased to announce that the resolutions to approve the issue of warrants to LMS Capital plc ("LMS") to subscribe for up to 1,379,409 Ordinary Shares (the "LMS Warrants") and the disapplication of pre-emption rights in respect of the LMS Warrants (further details of which are set out in the notice of General Meeting circulated to shareholders on 27 July 2016) were passed at the General Meeting held earlier today on a show of hands.  The details of the proxy votes cast received on the resolutions are set out in the appendix to this announcement.

It is also noted that the resolution in relation to the adoption by LMS of a new investment policy was passed at the LMS General Meeting held earlier today and that completion of the appointment of GHAM as the external investment manager to LMS has now taken place.

In accordance with the share issue and warrant subscription agreement entered into by the Company, GHAM and LMS on 27 July 2016, the Company has issued 332,484 new Ordinary Shares (the "Tranche 1 Shares") to LMS and application has been made for the Tranche 1 Shares to be admitted to trading on AIM.  Admission of the Tranche 1 Shares is now expected to occur on 18 August 2016.

Following admission of the Tranche 1 Shares and in accordance with the Financial Conduct Authority's Disclosure and Transparency Rules ("DTR"), the Company's issued share capital will comprise 10,185,487 Ordinary Shares. The above figure of 10,185,487 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the DTR.

All defined terms in this announcement have the same meaning as in the Company's circular dated 27 July 2016.

Enquiries:
Gresham House plc Tony Dalwood, Chief Executive Officer John-Paul Preston, Company Secretary	[phone]
Liberum Neil Elliot/Jill Li	[phone]
Montfort Communications, PR Adviser Gay Collins Rory King	[e-mail] [phone] [phone]

APPENDIX

The following table gives details of the proxy votes cast received on each of these resolutions:

	Resolution	Total Votes For	Total Votes Against	Total Votes Withheld*
1.	To authorise the directors of the Company to exercise all powers of the Company to issue warrants to LMS Capital plc and any of its subsidiaries to subscribe for in aggregate up to 1,379,409 Ordinary Shares up to an aggregate nominal amount of £344,852.25 ("LMS Warrants")	4,818,259 99.96%	2,168 0.04%	0
2.	To authorise the directors to dis-apply pre-emption rights in respect of the LMS Warrants	4,818,259 99.96%	1,791 0.04%	377

* A vote withheld is not treated as a vote in law and would not be counted in the calculation of the proportion of the votes cast for or against a resolution.

This table excludes discretionary proxy votes lodged in favour of third parties.

 

END

 

 

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