Source - LSE Regulatory
RNS Number : 1069T
Gresham House PLC
23 March 2021
 

23 March 2021

 

Gresham House plc

 

("Gresham House" or the "Company")

 

 

Issue of Shares to Employee Benefit Trust

 

Gresham House, (AIM: GHE) the specialist alternative asset manager, was notified on 22 March 2021 that the Company's Employee Benefit Trust ("EBT") intends to subscribe for 750,000 new ordinary shares in the Company at their par value of 25p each and at an aggregate cost to the EBT of £187,500. ("New Ordinary Shares"). The Company has agreed to lend £187,500 to the EBT to fund its subscription for the New Ordinary Shares. The New Ordinary Shares to be held in the EBT are intended to be used to satisfy, in part, previously announced awards arising from the Company's employee incentive schemes.

Accordingly, on 22 March 2021, the Company allotted the New Ordinary Shares to the EBT and such shares will rank pari passu in all respects with the existing ordinary shares of the Company. It is anticipated that the New Ordinary Shares will be admitted to trading on AIM on or around 26 March 2021 ("Admission").

Following Admission, the Company's issued share capital will comprise 32,841,707 ordinary shares, which figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules. The Company does not hold any shares in treasury.

 

 

- Ends -

 

Gresham House plc

Tony Dalwood, Chief Executive

Kevin Acton, Chief Financial Officer

 

+44 (0)20 3837 6271

 

Houston

Alexander Clelland

Anushka Mathew

 

gh@houston.co.uk

+44 (0)20 4529 0549

Canaccord Genuity Limited - Nominated Adviser and Joint Broker

Bobbie Hilliam

Georgina McCooke

 

+44 (0)20 7523 8000

Jefferies International Limited - Financial Adviser and Joint Broker

Paul Nicholls

Max Jones

+44 (0)20 7029 8000

 

 

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