Trading Update and Capital Markets Day
09/11/2022 07:00
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RNS Number : 7490F Gresham House PLC 09 November 2022
9 November 2022
Gresham House plc
("Gresham House", the "Company" or the "Group")
Trading Update and Capital Markets Day
Gresham House, the specialist alternative asset manager, is pleased to
announce a trading update for the nine-month period to 30 September 2022,
ahead of its Capital Markets Day at 2pm GMT today.
The Group has seen further strong progress in the delivery of its GH25
strategy during this period. Assets Under Management (AUM) rose by 15%
(£1.0bn) in the nine-month period to reach £7.5bn, whilst full year adjusted
operating profit is expected to remain in line with market expectations(1) for
the 12 months to 31 December 2022.
Gresham House will be hosting its second annual Capital Markets Day event for
investors and clients at 2pm GMT today Wednesday 9 November. The focus will be
on:
1. Gresham House's identified pathway to further profitable growth
2. How will Gresham House's investment strategies perform in an inflationary
and higher interest rate environment?
The event will be live-streamed from Gresham House's London office, and will
provide an overview of opportunities for growth in the current inflationary
and higher interest rate environment, as well as insights into the resilience,
scalability and long-term outlook for the business.
It will be hosted by CEO, Tony Dalwood, CFO, Kevin Acton and Managing
Director, Rupert Robinson, and will feature presentations by members of the
Gresham House team from across the Group's various asset classes.
https://greshamhouse.connectid.cloud/register
(https://greshamhouse.connectid.cloud/register)
Tony Dalwood, Chief Executive Officer, said:
"The structural growth in alternative asset management remains a positive
long-term dynamic for our Group and it is also pleasing we are still seeing
growth in AUM in the current environment".
(1) Market expectations defined as adjusted operating profit for the year to
31 December 2022 in the range of £25.3 million to £26.5 million in
broker reports that follow Gresham House plc as at 8 November 2022
Ends
For more information contact:
Gresham House plc
Tony Dalwood, Chief Executive Officer +44 (0)20 3837 6270
Kevin Acton, Chief Financial Officer
Houston - Media and analysts
Kay Larsen gh@houston.co.uk (mailto:gh@houston.co.uk)
Alex Clelland +44 (0)204 529 0549
Canaccord Genuity Limited - Nominated Adviser and Joint Broker
Bobbie Hilliam
Harry Pardoe +44 (0)20 7523 8000
Jefferies International Limited - Joint Broker
Paul Nicholls +44 (0)20 7029 8000
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)
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