Gresham House PLC Intertrust Employee - Intended Purchase of Shares by EBT
14/07/2022 12:02
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RNS Number : 5097S Gresham House PLC 14 July 2022
14 July 2022
Gresham House plc
("Gresham House" or the "Company")
Intended Purchase of Shares by Employee Benefit Trust
The Company announces that Intertrust Employee Benefit Trustee Limited, the
trustee of the Gresham House Plc Employee Benefit Trust (the "EBT"), has
indicated its intention to make market purchases in ordinary shares of the
Company for the benefit of the EBT up to a value of £2 million, 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.
It is expected that 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 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
Joe Burgess
+44 (0)20 7523 8000
Canaccord Genuity Limited - Nominated Adviser and Joint Broker
Bobbie Hilliam
Georgina McCooke
+44 (0)20 7029 8000
Jefferies International Limited - Joint Broker and Financial Adviser
Paul Nicholls
Max Jones
About Gresham House
Gresham House plc is an AIM quoted specialist asset manager providing funds,
direct investments and tailored investment solutions, including co-investment
across a range of highly differentiated alternative investment strategies. Our
expertise includes timber, renewable energy, housing and infrastructure,
strategic public and private equity (private assets). The group aims to
deliver sustainable financial returns and is committed to building long-term
partnerships with clients (institutions, family offices, high-net-worth
individuals, charities and endowments and private individuals) to help them
achieve their financial goals.
Shareholder value creation will be driven by long-term growth in earnings as
a result of increasing AUM and returns from invested capital.
www.greshamhouse.com (http://www.greshamhouse.com/)
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