Brief: GAM Holding: Liontrust Shareholders Approve Proposed Acquisition Of GAM

Gam Holding AG

07/07/2023 11:45

July 7 (Reuters) - GAM HOLDING AG  GAMH.S :
    * LIONTRUST SHAREHOLDERS APPROVE PROPOSED ACQUISITION OF GAM
    * PROPOSALS PASSED BY LIONTRUST SHAREHOLDERS WITH MORE THAN
80% OF
VOTES CAST IN FAVOUR OF EACH RESOLUTION
    * OFFER PERIOD COMMENCED ON 28 JUNE 2023 AND IS EXPECTED TO
CLOSE
ON 25 JULY 2023
    * CURRENT GAM BOARD AND THE GAM GROUP MANAGEMENT BOARD HAVE
AGREED
TO TENDER THEIR SHARES
    * THE FINAL RESULTS  OF THE MAIN OFFER PERIOD ARE EXPECTED
TO BE
PUBLISHED ON 31 JULY AND COMPLETION OF THE TRANSACTION IS 
CURRENTLY EXPECTED TO TAKE PLACE DURING THE FOURTH QUARTER OF
2023, SUBJECT TO THE SATISFACTION OR WAIVER OF  THE OFFER
CONDITIONS
    * SHAREHOLDERS TENDERING THEIR SHARES INTO THE OFFER WILL
CONTINUE
TO BE ABLE TO SELL THEIR  SHARES ON A SECOND TRADING LINE FOR
TENDERED SHARES
    * WHETHER OR NOT SHAREHOLDERS HAVE TENDERED OR INTEND  TO
TENDER
THEIR SHARES INTO THE OFFER, THEIR RIGHT TO PARTICIPATE IN AND
CAST THEIR VOTE, AT GAM’S EXTRAORDINARY  GENERAL MEETING TO BE
HELD ON 25 AUGUST IS UNAFFECTED

Further company coverage:  GAMH.S 

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