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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 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMGHE
RNS Number : 1131Q
Gresham House PLC
04 June 2018
4 June 2018
Gresham House Plc ("Gresham House" or "the Company")
(AIM: GHE)
Completion of Investment in Gresham House New Energy and Issue of New Ordinary Shares
Gresham House, the specialist alternative asset manager, is pleased to announce that the conditions precedent relating to its investment into battery storage projects managed by Gresham House New Energy, formerly Hazel Capital LLP, have now been fulfilled. This follows the proposed acquisition announcement of 31 October 2017.
The GBP2.0 million investment will be used to acquire shares in operational Energy Storage System ("ESS") projects as well as a 25% stake in Noriker Power Limited, a developer and service provider of new energy technology. The deal allows Gresham House to be more closely aligned with its client base through investment in the battery storage space alongside the opportunity to capture further value from the development stages of projects.
As announced on 31 October 2017, the investment consideration is comprised of GBP750,000 in cash and GBP1.25 million through the issue of new Ordinary Shares. Accordingly, Gresham House is pleased to announce that application has been made for the admission to trading on AIM ("Admission") of 304,877 new Ordinary Shares of 25p each in the Company at a price of 410p. The newly issued shares rank pari passu in all respects with the existing Ordinary Shares of the Company. Admission of the shares is expected to occur at 8.00 am on 7 June 2018.
Following Admission, the Company's issued share capital will comprise 20,096,455 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.
Enquiries:
Gresham House plc Anthony (Tony) Dalwood +44 (0) 20 3837 6270 Liberum Capital Ltd Neil Elliot Jill Li +44 (0)20 3100 2000 Montfort Communications greshamhouse@montfort.london Gay Collins +44 (0)7798 626282 Rory King +44 (0)203 770 7906
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
MSCUOUWRWNANRAR
(END) Dow Jones Newswires
June 04, 2018 02:00 ET (06:00 GMT)
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