Gresham House Strategic PLC Monthly NAV Update (8624G)

TIDMGHS

RNS Number : 8624G

Gresham House Strategic PLC

01 June 2017

Gresham House Strategic plc

1 June 2017

Net Asset Value Update

Gresham House Strategic plc (the "Company"), announces that as at 31 May 2017 the unaudited net asset value (NAV) per ordinary share was 1,187.7 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 3,654,504 ordinary shares with a nominal value of 50 pence each (the "Ordinary Shares"), being the Company's issued share capital of 3,810,275 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    Matt Goode/ 
  Broker)                    Emily Watts    020 7220 0500 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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June 01, 2017 06:27 ET (10:27 GMT)