Gresham House PLC Intertrust Employee - Increased Purchase of Shares by EBT
21/12/2022 14:46
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221221:nRSU5190Ka&default-theme=true
RNS Number : 5190K Gresham House PLC 21 December 2022
21 December 2022
Gresham House plc
("Gresham House" or the "Company")
Increased Purchase of Shares by Employee Benefit Trust
The Company announces that, further to its announcement of 14 July 2022,
Intertrust Employee Benefit Trustee Limited, the trustee of the Gresham
House Plc Employee Benefit Trust (the "EBT"), has indicated its intention to
increase its market purchases in ordinary shares of the Company for the
benefit of the EBT from up to £2 million to up to a value of £8 million over
the period up to 31 December 2023, to help meet future obligations arising
under the Company's long-term incentive plan (the "Market Purchases").
The Market Purchases are subject to the EBT's discretion as to the purchase
price, in consultation with Canaccord Genuity, the Company's broker, to be
paid up to a pre-agreed maximum price per ordinary share in the Company.
The Market Purchases will be funded by amounts advanced by the Company by way
of loan, such funding having been provided for within recent public
announcements as to the Company's outlook.
Further announcements will be made on completion of each of the Market
Purchases.
- Ends -
For more information contact:
+44 (0)20 3837 6270
Gresham House plc
Kevin Acton, Chief Financial Officer
gh@houston.co.uk
Houston - media and analysts +44 (0) 20 4 529 0549
Kay Larsen
Alexander Clelland
+44 (0)20 7523 8000
Canaccord Genuity Limited - Nominated Adviser and Joint Broker
Bobbie Hilliam
Harry Pardoe
+44 (0)20 7029 8000
Jefferies International Limited - Joint Broker and Financial Adviser
Paul Nicholls
Max Jones
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.£7.5 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, we
are committed to operating responsibly and sustainably. We believe taking the
long view in delivering sustainable investment solutions will continue to be a
growing factor in the strength of our market positioning.
www.greshamhouse.com (http://www.greshamhouse.com/)
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHBKDBQQBDDQBB