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GHE Gresham House Plc

1,100.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gresham House Plc LSE:GHE London Ordinary Share GB0003887287 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,100.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Gresham House PLC Result of General Meeting (3616H)

16/08/2016 5:36pm

UK Regulatory


Gresham House (LSE:GHE)
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RNS Number : 3616H

Gresham House PLC

16 August 2016

16 August 2016

Gresham House plc ("Gresham House" or "the Company")

(AIM: GHE)

Result of General Meeting

Gresham House, the specialist asset manager focused on alternative investment strategies and illiquid asset classes, is pleased to announce that the resolutions to approve the issue of warrants to LMS Capital plc ("LMS") to subscribe for up to 1,379,409 Ordinary Shares (the "LMS Warrants") and the disapplication of pre-emption rights in respect of the LMS Warrants (further details of which are set out in the notice of General Meeting circulated to shareholders on 27 July 2016) were passed at the General Meeting held earlier today on a show of hands. The details of the proxy votes cast received on the resolutions are set out in the appendix to this announcement.

It is also noted that the resolution in relation to the adoption by LMS of a new investment policy was passed at the LMS General Meeting held earlier today and that completion of the appointment of GHAM as the external investment manager to LMS has now taken place.

In accordance with the share issue and warrant subscription agreement entered into by the Company, GHAM and LMS on 27 July 2016, the Company has issued 332,484 new Ordinary Shares (the "Tranche 1 Shares") to LMS and application has been made for the Tranche 1 Shares to be admitted to trading on AIM. Admission of the Tranche 1 Shares is now expected to occur on 18 August 2016.

Following admission of the Tranche 1 Shares and in accordance with the Financial Conduct Authority's Disclosure and Transparency Rules ("DTR"), the Company's issued share capital will comprise 10,185,487 Ordinary Shares. The above figure of 10,185,487 Ordinary Shares 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 DTR.

All defined terms in this announcement have the same meaning as in the Company's circular dated 27 July 2016.

 
 Enquiries: 
 Gresham House plc 
  Tony Dalwood, Chief Executive 
  Officer 
  John-Paul Preston, Company 
  Secretary                        +44 (0) 203 837 6270 
 Liberum 
  Neil Elliot/Jill Li              +44 (0) 203 100 2000 
 Montfort Communications,          greshamhouse@montfort.london 
  PR Adviser                        +44 (0) 7798 626282 
  Gay Collins                       +44 (0) 203 770 7906 
  Rory King 
 

APPENDIX

The following table gives details of the proxy votes cast received on each of these resolutions:

 
      Resolution                 Total Votes   Total Votes   Total Votes 
                                  For           Against       Withheld* 
---  -------------------------  ------------  ------------  ------------ 
      To authorise the 
       directors of the 
       Company to exercise 
       all powers of 
       the Company to 
       issue warrants 
       to LMS Capital 
       plc and any of 
       its subsidiaries 
       to subscribe for 
       in aggregate up 
       to 1,379,409 Ordinary 
       Shares up to an 
       aggregate nominal         4,818,259     2,168 
       amount of GBP344,852.25 
 1.    ("LMS Warrants")           99.96%        0.04%        0 
---  -------------------------  ------------  ------------  ------------ 
      To authorise the 
       directors to dis-apply 
       pre-emption rights 
       in respect of 
 2.    the LMS Warrants          4,818,259     1,791         377 
                                  99.96%        0.04% 
---  -------------------------  ------------  ------------  ------------ 
 

* A vote withheld is not treated as a vote in law and would not be counted in the calculation of the proportion of the votes cast for or against a resolution.

This table excludes discretionary proxy votes lodged in favour of third parties.

This information is provided by RNS

The company news service from the London Stock Exchange

END

ROMAKADNABKDQFD

(END) Dow Jones Newswires

August 16, 2016 12:36 ET (16:36 GMT)

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