Liontrust Asset Management PLC Statement re Update on Loan Facility with GAM (4312L)
05 Septiembre 2023 - 4:30AM
UK Regulatory
TIDMLIO
RNS Number : 4312L
Liontrust Asset Management PLC
05 September 2023
THIS 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.
FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND
IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.
LEI: 549300XVXU6S7PLCL855
For immediate release
05 September 2023
Stock Exchange Announcement
LIONTRUST ASSET MANAGEMENT PLC
Update on Short-Term Loan Facilities with GAM Holding AG
Liontrust 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
GBP17.8 million of financial support to GAM Holding AG ("GAM").
Liontrust announces that on 4 September 2023 GAM repaid GBP8.9
million plus interest under the Tranche 1 Facility(1) , and this
facility has been cancelled. The Tranche 2 Facility(1) of a further
GBP8.9m, 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.
(1) As defined in the shareholder circular that was published by
Liontrust on 13 June 2023.
For further information please contact:
Teneo (Tel: 020 7353 4200, Email: liontrust@teneo.com)
Tom Murray
Liontrust Asset Management Plc (Tel: 020 7412 1700, Website:
liontrust.co.uk)
John Ions: Chief Executive
Vinay Abrol: Chief Financial Officer & Chief Operating
Officer
Simon Hildrey: Chief Marketing Officer
David Boyle: Head of Corporate Development
Alantra Corporate Finance LLP (Tel: 020 7246 0500)
Lead Financial Adviser
JP McGrath, Jake Delaney, André Chetty
Singer Capital Markets (Tel: 020 7496 3000)
Corporate Broking: Tom Salvesen
Corporate Finance: Justin McKeegan
Panmure Gordon (Tel: 020 7886 2500)
Corporate Broking: David Watkins
Corporate Advisory: Atholl Tweedie
ENDS
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END
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September 05, 2023 05:30 ET (09:30 GMT)
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