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Investegate |Gresham House Strtgc Announcements | Gresham House Strtgc: Final Results
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Source: Trustnet
Gresham House Strategic has £57.4m in total assets, according to data from the Association of Investment Companies. It currently trades on a 6.4% discount, slightly better than the UK Smaller Companies average of 7.1%.
“The future growth of GHS is therefore limited due to the lack of availability of new funds for investment at a time when both several attractive investment opportunities exist, and GHS would be a benefit from taking larger stakes in some of its existing investments,” the board wrote.
The review will be conducted in conjunction with an independent financial adviser, which the board expects to appoint shortly, and is expected to be completed by the trust’s AGM in September.
Chair of Gresham House Strategic trust David Potter to leave firm
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Strategic review announced
Sabuhi Gard
A process to identify a successor has already commenced.
This comes following a call from Rock Nominees Limited, which is a major shareholder of Gresham House and the asset manager of GHS, for an extraordinary general meeting, in which the shareholders of GHS will consider six potential resolutions: to remove Potter from GHS with immediate effect; to appoint either Jeston Na Nakhorn, Helen Sinclair or Kenneth Lever into varying senior roles; to undertake a review of the strategy of GHS or to remove any appointee of GHS s board between the date of requisition and the conclusion of the EGM as a director.