2023-06-13 05:27:41
After a delay of a few days, Liontrust published on June 13 the prospectus for the share exchange offer for the acquisition of the Swiss company listed on the stock exchange GAM Holding. On this occasion, GAM’s Board of Directors reiterated its support ” unanimous to the Briton’s offer.
The offer is due to open on June 28 and close on July 25. The results of the offer should be published in August and the transaction finalized in the fourth quarter of 2023 if all goes according to plan. GAM specifies that the recent request of a shareholder, in this case the camps of the French Xavier Niel, for an extraordinary general meeting in August ” does not constitute a competing offer ».
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GAM / Liontrust file: Xavier Niel’s camp presents its own plan
Liontrust is offering 0.0589 Liontrust ordinary shares with a nominal value of 0.01 pounds sterling each for each registered share of GAM Holding Ltd with a nominal value of 0.05 Swiss francs each. Fractions of Liontrust shares will be paid in cash in Swiss francs.
The Swiss management company also announces the resignation of its financial director Sally Orton, in this position since August 2022. After having supported Liontrust’s offer and published the annual results in May, she would have indicated ” that it was the right time for her to start a new stage in her career ».
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