Increased Purchase of Shares by EBT

RNS Number : 5190K

Gresham House PLC

21 December 2022

 

21 December 2022

Gresham House plc

("Gresham House" or the "Company")

Increased Purchase of Shares by Employee Benefit Trust

The Company announces that, further to its announcement of 14 July 2022, Intertrust Employee Benefit Trustee Limited, the trustee of the Gresham House Plc Employee Benefit Trust (the "EBT"), has indicated its intention to increase its market purchases in ordinary shares of the Company for the benefit of the EBT from up to £2 million to up to a value of £8 million over the period up to 31 December 2023, to help meet future obligations arising under the Company's long-term incentive plan (the "Market Purchases").

The Market Purchases are subject to the EBT's discretion as to the purchase price, in consultation with Canaccord Genuity, the Company's broker, to be paid up to a pre-agreed maximum price per ordinary share in the Company.

The Market Purchases will be funded by amounts advanced by the Company by way of loan, such funding having been provided for within recent public announcements as to the Company's outlook.

Further announcements will be made on completion of each of the Market Purchases.

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For more information contact:
Gresham House plc      Kevin Acton, Chief Financial Officer	[phone]
Houston - media and analysts      Kay Larsen Alexander Clelland	[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 is a specialist alternative asset management group, dedicated to sustainable investments across a range of strategies, with expertise across forestry, housing, sustainable infrastructure, renewable energy and battery storage, public and private equity.

Our origins stretch back to 1857, while our focus is on the future and the long term. Quoted on the London Stock Exchange (GHE:LN) we actively manage c.£7.5 billion of assets on behalf of institutions, family offices, charities and endowments, private individuals, and their advisers. We act responsibly within a culture of empowerment that encourages individual flair and entrepreneurial thinking.

As a signatory to the UN-supported Principles for Responsible Investment, we are committed to operating responsibly and sustainably. We believe taking the long view in delivering sustainable investment solutions will continue to be a growing factor in the strength of our market positioning. 

  www.greshamhouse.com

 

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