Business
Statement re Update on Loan Facility with GAM
Statement re Update on Loan Facility with GAM.
About this update from Liontrust Asset Management Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT, INCLUDING THE APPENDICES AND THE INFORMATION CONTAINED IN THEM, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR FORWARDING, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.\n \nFURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.\n \nLEI: 549300XVXU6S7PLCL855\nFor immediate release\n05 September 2023\n \nStock Exchange Announcement\nLIONTRUST ASSET MANAGEMENT PLC\nUpdate on Short-Term Loan Facilities with GAM Holding AG\n \nLiontrust Asset Management Plc (\"Liontrust\"), the specialist independent fund management group, today issues an update on the short-term secured loan facility agreements to provide a combined £17.8 million of financial support to GAM Holding AG (\"GAM\").\n \nLiontrust announces that on 4 September 2023 GAM repaid £8.9 million plus interest under the Tranche 1 Facility1, and this facility has been cancelled. The Tranche 2 Facility1 of a further £8.9m, which was not drawn by GAM, was also cancelled. As a result, there is no outstanding indebtedness between Liontrust and GAM, and Liontrust's financial support of GAM has ended.\n \n1 As defined in the shareholder circular that was published by Liontrust on 13 June 2023.\n \nFor further information please contact:\n \nTeneo (Tel: 020 7353 4200, Email: [email protected])\nTom Murray\n \nLiontrust Asset Management Plc (Tel: 020 7412 1700, Website: liontrust.co.uk)\nJohn Ions: Chief Executive\nVinay Abrol: Chief Financial Officer & Chief Operating Officer\nSimon Hildrey: Chief Marketing Officer\nDavid Boyle: Head of Corporate Development\n \nAlantra Corporate Finance LLP (Tel: 020 7246 0500)\nLead Financial Adviser\nJP McGrath, Jake Delaney, André Chetty\n \nSinger Capital Markets (Tel: 020 7496 3000)\nCorporate Broking: Tom Salvesen\nCorporate Finance: Justin McKeegan\n \nPanmure Gordon (Tel: 020 7886 2500)\nCorporate Broking: David Watkins\nCorporate Advisory: Atholl Tweedie\n \nENDS\n\n","length":5128,"tagName":"div"}]