11 July 2023
Gresham House plc
(“Gresham House” or the “Company”)
EBT Share Purchase
The Company was notified on 7 July 2023 that Intertrust Employee Benefit Trustee Limited, the trustee of the Gresham House Plc Employee Benefit Trust (the “EBT”), had purchased 115,000 ordinary shares of 25p each in the Company (“Ordinary Shares”) at an average price of 685 pence per Ordinary Share on 7 July 2023. These Ordinary Shares are to be held in the EBT and are intended to be used to satisfy the exercise of share options by employees. The EBT is a discretionary trust for the benefit of the Company’s employees, including the Directors of the Company. The purchase of Ordinary Shares by the EBT has been funded by a loan provided by the Company from its existing cash resources.
Following this transaction and the settlement of in-flight exercises of share options by employees over 89,882 Ordinary Shares, a total of 641,707 Ordinary Shares will be held by the EBT, representing approximately 1.68 per cent of the Company’s total voting rights.
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