Brief: GAM Holding AG: Expected Underlying Pre-Tax Loss of 23 Mln Chf For 6 Months Ended June 30 2023

Gam Holding AG

17/07/2023 06:03

July 17 (Reuters) - Gam Holding Ag  GAMH.S :
    * AD HOC ANNOUNCEMENT: GAM HOLDING AG PROVIDES AN UPDATE ON
THE
GROUP’S EXPECTED FIRST HALF 2023 RESULTS
    * EXPECTED UNDERLYING PRE-TAX LOSS OF APPROXIMATELY CHF 23
MILLION
FOR SIX MONTHS ENDED 30 JUNE 2023
    * ASSETS UNDER MANAGEMENT (AUM)REMAIN RELATIVELY STABLE WITH
INVESTMENT MANAGEMENT AUM AT CHF 21.9 BILLION AND FUND
MANAGEMENT SERVICES AT CHF 46.1 BILLION
    * IFRS NET LOSS AFTER TAX FOR FIRST HALF OF 2023 IS EXPECTED
TO BE
APPROXIMATELY CHF 71 MILLION
    * CHAIRMAN - TODAY I HAVE WRITTEN TO SHAREHOLDERS EXPLAINING
IMPORTANCE OF THEM ACCEPTING LIONTRUST OFFER AND TENDERING THEIR
SHARES

Source text for Eikon:  ID:nGNE7VMq7R 
Further company coverage:  GAMH.S 

 (Reporting by Berlin Newsroom)
 ((berlin.newsroom@thomsonreuters.com;))