10 Oct 2022 16:21
10th October 2022
Gresham House plc
("Gresham House" or the "Company")
EBT Share Purchase
The Company was notified on 7th October 2022 that Intertrust Employee Benefit Trustee Limited, the trustee of the Gresham House Plc Employee Benefit Trust (the "EBT"), had purchased 12,250 ordinary shares of 25p each in the Company ("Ordinary Shares") at an average price of 770 pence per Ordinary Share on 7 October 2022.
These Ordinary Shares are to be held in the EBT and are intended to be used to satisfy the exercise of share options by employees. The EBT is a discretionary trust for the benefit of the Company's employees, including the Directors of the Company. The purchase of Ordinary Shares by the EBT has been funded by a loan provided by the Company from its existing cash resources.
Following this transaction, a total of 129,560 Ordinary Shares are held by the EBT, representing approximately 0.34 per cent of the Company's total voting rights.
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For more information contact: | |
Gresham House plc Kevin Acton, Chief Financial Officer | +44 (0)20 3837 6270 |
Houston - media and analysts Kay Larsen Joe Burgess | gh@houston.co.uk +44 (0) 20 4 529 0549 |
Canaccord Genuity Limited - Nominated Adviser and Joint Broker Bobbie Hilliam Harry Pardoe | +44 (0)20 7523 8000
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Jefferies International Limited - Joint Broker and Financial Adviser Paul Nicholls Max Jones | +44 (0)20 7029 8000 |
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