Issue of Shares to Employee Benefit Trust

RNS Number : 1132G

Gresham House PLC

25 March 2022

 

25 March 2022

Gresham House plc

("Gresham House" or the "Company")

Issue of Shares to Employee Benefit Trust

Gresham House, (AIM: GHE) the specialist alternative asset manager, was notified on 25 March 2022 that the Company's Employee Benefit Trust ("EBT") intends to subscribe for 200,000 new ordinary shares in the Company at their par value of 25p each and at an aggregate cost to the EBT of £50,000 ("New Ordinary Shares"). The Company has agreed to lend £50,000 to the EBT to fund its subscription for the New Ordinary Shares. The New Ordinary Shares to be held by the EBT are intended to be used to satisfy, in part, previously announced awards arising from the Company's employee incentive schemes.

Accordingly, on 25 March 2022, the Company allotted the New Ordinary Shares to the EBT and such shares will rank pari passu in all respects with the existing ordinary shares of the Company. It is anticipated that the New Ordinary Shares will be admitted to trading on AIM on or around 31 March 2022 ("Admission").

Following Admission, the Company's issued share capital will comprise 38,273,996   ordinary shares, which figure 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 FCA's Disclosure and Transparency Rules. The Company does not hold any shares in treasury.

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For more information contact:

Gresham House plc Kevin Acton, CFO	[phone]
Houston Alex Clelland Kay Larsen Joseph Burgess	[e-mail] [phone]
Canaccord Genuity Limited - Nominated Adviser and Joint Broker Bobbie Hilliam Georgina McCooke	[phone]
Jefferies International Limited - Joint Broker 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.£6.5 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 (PRI), our vision is to always make a positive social or environmental impact, while delivering on our commitments to shareholders, employees and investors.  www.greshamhouse.com  

 

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