Gresham House Strategic Plc Investor Relations

BACK TO GRESHAM HOUSE STRATEGIC PLC

Shares in Issue and Major Shareholders

The Company currently has 3,555,330 ordinary shares in issue, all of which hold voting rights. There are no shares in Treasury. The percentage of securities not in public hands as defined in the AIM rules is 36.95%.

The top ten shareholders as of 28 September 2018 are:

To notify the Company of a substantial share holding contact us.

The Company will seek to use the expertise and experience of its Board and the members of its Investment Committee to invest according to a rigorous strategic public equity process. The Company will have an active investing policy investing in assets that will typically have a number of the following characteristics:

  • Investments that can generate a 15 per cent. IRR over the medium to long term principally through capital appreciation; and
  • investments where the manager believes there are value creation opportunities through strategic, management or operational changes.

The Company intends to invest the majority of its capital in a concentrated portfolio of between 10 to 15 smaller UK/European publicly traded companies typically with market capitalisations of less than £250million and would typically expect a holding period of three to five years. In addition, the Company may also invest in interests in privately held companies, primarily in equity and equity-related instruments and also in preferred equity, convertible and non-convertible debt instruments. The Company will seek to acquire influential block stakes (typically between 10 per cent. and 25 per cent.) for cash or share consideration.

Any investment which represents more than 15 per cent. of the Group’s gross assets, at the time when the investment is made, in securities issued by any single company will require the Board’s approval. An investment will only be made after the Investment Committee believes that the risk/return relationship is acceptable and the target return hurdle is exceeded.

The Company intends to put in place a bank facility but will limit borrowing to no more than 20 per cent of gross assets.

The initial intention is to distribute up to 50 per cent. of profits on realisations through dividends, share buybacks or other returns of capital. Any material change to the New Investing Policy by the Company will require prior Shareholder approval in accordance with the AIM Rules.

Archives
  • Business Characteristics
  • Exposure limits
  • Gearing
  • Returns on investment

Aim Rule 26

 

The company is incorporated in England and Wales and its main country of operation is the UK.

The company is subject to the provisions of the City Code on Takeovers and Mergers.

The following information is disclosed in accordance with Rule 26 of the AIM Rules and was updated on 20 September 2018.

Disclosure area and information/resources

 

Business description – About Gresham House Strategic plc

Board of Directors responsibilities and committees – Board and investment team

Investment Manager and Key Personnel – Investment Team

Valuation Policy – Valuation Policy and NAV Publication

Country of incorporation and main country of operation – United Kingdom

Current constitutional documents – Articles of Association

Details of any other exchanges or trading platforms – There are no other exchanges or trading platforms that GHS has applied or agreed to have its securities admitted or traded.

Number of securities in issue – Significant shareholders

Details of any restrictions on the transfer of securities – There are no restrictions on the transfer of securities.

Current investing policy – Investing policy

Financial information – Reports and other documents

Company announcements – RNS Announcements

Investment team – Investment team

Advisors & Corporate Information – Advisors & Corporate Information

Admission document and circulars – Share placing document

Corporate Governance Statement – Corporate Governance Statement

Archives
  • Aim Rule 26
  • Disclosure area and information/resources

Registrars and Transfer office

Link Asset Services
The Registry
34 Beckenham Road
Beckenham
Kent BR3 4TU

Tel: 0871 664 0300*
Overseas Tel: +44 (0)20 8639 3399
Fax: +44 (0)20 7935 3737
Email: shareholderenquiries@linkgroup.co.uk

www.linkassetservices.com

* Calls to this number are charged at 10p per minute plus your normal network charges.

Submit a query to Gresham House Strategic plc Group investor relations via the form at the bottom of this page

For information on your holding or for making changes to shareholder details please register or log-in on the Link Asset Services portal. This service enables you to easily access and maintain your shareholding online for free.

Through the Share Portal you may:

  • Cast your proxy vote online
  • Elect to receive shareholder communication electronically
  • View your holding balance and indicative share price and valuation
  • View transactions on your holding and dividend payments you have received
  • Update your address or register a bank mandate instruction to have dividends paid directly to your bank account
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  • Access a wide range of shareholder information including downloadable forms
  • Buy or sell shares in many leading UK companies

Share fraud warning

Share fraud includes scams where investors are called out of the blue and offered shares that often turn out to be worthless or non-existent, or an inflated price for shares they own. These calls come from fraudsters operating in ‘boiler rooms’ that are mostly based abroad. While high profits are promised, those who buy or sell shares in this way usually lose their money. The Financial Conduct Authority (FCA) has found most share fraud victims are experienced investors who lose an average of £20,000, with around £200m lost in the UK each year.

Protect yourself

If you are offered unsolicited investment advice, discounted shares, a premium price for shares you own, or free company or research reports, you should take these steps before handing over any money: • Get the name of the person and organisation contacting you. • Check the Financial Services Register at http://www.fca.org.uk/ to ensure they are authorised. • Use the details on the FCA Register to contact the firm. • Call the FCA Consumer Helpline on 0800 111 6768 if there are no contact details on the Register or you are told they are out of date. • Search our list of unauthorised firms and individuals to avoid doing business with. REMEMBER: if it sounds too good to be true, it probably is! If you use an unauthorised firm to buy or sell shares or other investments, you will not have access to the Financial Ombudsman Service or Financial Services Compensation Scheme (FSCS) if things go wrong.

Report a scam

If you are approached about a share scam you should tell the FCA using the share fraud reporting form at http://www.fca.org.uk/ scams, where you can find out about the latest investment scams. You can also call the Consumer Helpline on 0800 111 6768.If you have already paid money to share fraudsters you should contact Action Fraud on 0300 123 2040.

Directors

D R W Potter (Chairman)

C R Berry

K Lever

H R Sinclair

 

Secretary

Augentius Corporate Services Limited

2 London Bridge

London

SE 1 9RA

 

Registered Office

77 Kingsway

London

WC2B 5SR

 

Investment Manager

Gresham House Asset Management Limited

Octagon Point

5 Cheapside

London

EC2V 6AA

 

Bankers

The Royal Bank of Scotland plc

Abbey Gardens

4 Abbey Street

Reading

Berkshire

RG1 3BA

 

Auditor

BDO LLP

55 Baker Baker Street

London

W1U 7EU

Solicitors

Bracher Rawlins

77 Kingsway

London

WC2B 6SR

 

Registrars

Link Asset Services

The Registry

34 Beckenham Road

Beckenham

Kent

BR3 4TU

 

 

Nominated Advisor and Joint Broker

finnCap Ltd

60 New Broad Street

London

EC2M 1JJ

 

Gresham House Strategic plc (the “Company”) announced on 17 August 2015 that it intends to report an unaudited NAV statement on a weekly basis.

In respect of listed or publicly quoted investments, the Company will value such investments weekly according to their bid price as at the close of the relevant stock exchange each Friday, or otherwise the last business day of the week, unless a bid price is unavailable in which case the mid-market price on such day will be used. If this too is unavailable the Board of the Company shall be consulted to determine an appropriate basis for valuation of the relevant investment.

To the extent that the Company has invested in unquoted investments, such investments will be valued quarterly by the investment manager as at 5 p.m. London Time, on the last business day of the relevant quarter. The quarterly valuation will be carried forward weekly until the next quarterly valuation is available. The valuation will be done in accordance with the International Private Equity and Venture Capital Guidelines except in such circumstances where the Directors are of the opinion that the International Private Equity and Venture Capital Valuation Guidelines are not appropriate, in which case the Directors, in consultation with the investment manager, shall determine an appropriate alternative valuation method. The calculation of the estimated Net Asset Value will only be suspended in circumstances where the underlying data necessary to value the investments of the Company cannot readily, or without undue expenditure, be obtained. Details of any suspension in making such calculations will be announced through a Regulatory Information Service.

The NAV will be estimated weekly by the investment manager and published on a weekly basis, based on the most recent valuation of the portfolio and calculated in accordance with the methodology described above through a regulatory information service provider to the London Stock Exchange as soon as practicable after the end of the relevant period. In addition, the Company will publish an NAV per share for each month end, calculated on the last business day of the relevant month.

The NAV per share at the company’s year end will be subject to audit by the Company’s auditors, but otherwise will be unaudited.