Gresham House plc Trading in line with management’s expectations

Gresham House plc

Gresham House plc, (LON: GHE) the specialist alternative asset manager, will hold its Annual General Meeting today at 12.30 pm in Octagon Point, 5 Cheapside, London, EC2V 6AA.

Anthony Townsend, Gresham House plc Non-Executive Chairman, will make the following statement:

“The Company is pleased to announce that current trading of the business is in line with management’s expectations. As highlighted in recent announcements, the Group continues to successfully target organic growth from its Strategic Equity and Real Assets divisions alongside identified synergies from acquisitions executed in 2018.

“The international expansion of the Forestry division has started. A new relationship with a large institutional investor has resulted in a signed letter of intent for the asset management of a substantial Irish forestry portfolio on its behalf. This successful and significant development is an example of how far our Forestry division’s integration plans have progressed and involved all parts of the integrated Group.

“Additionally, a new fund raising has commenced for Gresham House Energy Storage Fund plc (GRID), following the recent announcement of a placement of up to £75 million to acquire further battery storage projects.

“We have started the year in line with management plans and have made good progress developing the international side of the Forestry business through the proposed organic growth into Ireland. The quality of our business’ brand and its people is increasingly being recognised through industry awards and we remain optimistic for the rest of 2019.”

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