GAM - NewGAMe and Rock Investment extend liquidity lifeline of CHF 20 mln

Gam Holding AG

29/08/2023 06:40

ZURICH, Aug 29 (Reuters) - GAM  GAMH.S  said on Tuesday
that investors NewGAMe and Rock Investment had agreed to extend
a liquidity lifeline of 20 million Swiss francs ($22.64 million)
to cover its liquidity needs.
    "This short-term financing will remain until it is replaced
by the proceeds of a convertible bond to be issued by GAM in an
amount of about CHF 25 million," the Swiss fund manager said in
a statement.
    


($1 = 0.8833 Swiss francs)

 (Reporting by Noele Illien, Editing by Friederike Heine)
 ((Noele.Illien@thomsonreuters.com; +41 41 528 39 73;))