Brief: Investor Group NewGAMe And Bruellan publishes open letter To GAM Shareholders

Gam Holding AG

20/07/2023 18:49

July 20 (Reuters) - 
  
    * INVESTOR GROUP NEWGAME AND BRUELLANPUBLISHES OPEN LETTER
TO GAM
SHAREHOLDERS
    * NEWGAME - LETTER OUTLINES REASONS WHY INVESTORS SHOULD
DELAY ANY
DECISION TO TENDER TO LIONTRUST OFFER
    * NEWGAME - IN LETTER HIGHLIGHTS MULTIPLE SERIOUS GOVERNANCE
ISSUES
    * NEWGAME -REJECTS GAM'S ASSERTION THAT IT IS ON VERGE OF
COLLAPSE
    * NEWGAME - IN LETTER, GROUP SHARES ITS EXPECTATION THAT GAM
WILL
HAVE “EXCESS LIQUIDITY OF CHF 30M-40M” BY 2025
    * NEWGAME - LETTER WARNS THAT IF SATISFACTORY ANSWERS ARE
NOT
PROVIDED BY AUGUST 25 EGM AT LATEST, SPECIAL AUDIT WILL NEED TO
BE PUT IN PLACE

Source text for Eikon:  ID:nGNE1ddk1K 
Further company coverage:  GAMH.S 

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