7 Nov 2016 12:12
Gresham House Strategic plc
7 November 2016
Net Asset Value Update
Gresham House Strategic plc (the "Company"), announces that as at 4 November 2016 the unaudited net asset value (NAV) per ordinary share was 1,049.1 pence.
Pursuant to the announcement dated 16 August 2016 regarding the Strategic Co-Investment Agreement with Gresham House Strategic Public Equity Fund LP and the transfer of up to 3,875,969 shares in IMImobile plc, the above NAV calculation assumes that the 1,142,391 IMO shares that are expected to be automatically sold to Gresham House plc and Gresham House Strategic Public Equity Fund LP between the First Close and the Final Close are sold in full at a price of 193.5p per share, pursuant to the rebalancing exercise described in that announcement. Capitalised terms have the same meaning as within the announcement dated 16 August 2016.
The above NAV calculation is based on 3,687,504 ordinary shares with a nominal value of 50 pence each (the "Ordinary Shares"), being the Company's issued share capital of 3,843,275 Ordinary Shares less 155,771 Ordinary Shares held in treasury.
For further information, please contact:
Gresham House Strategic plc | David Potter | 07711 450 391 |
Gresham House plc / Gresham House Asset Management Ltd Investment Manager | Graham Bird
| 020 3757 5613
|
finnCap (Nominated Adviser and Broker) | Matt Goode/ Emily Watts
| 020 7220 0500 |