The announcements are supplied by the denoted source. He is also an Advisor to Antin Infrastructure Partners and Digitalis Reputation, and Chairman of the Board of Governors at St Albans School. Tony has been Chief Executive Officer (CEO) of Gre... Tony has been Chief Executive Officer (CEO) of Gresham House plc since December 2014. Certain information contained on this website may from time to time include information that relates to specified investments or regulated activity (Regulated Information). Cash and cash equivalents consist of cash in hand and balances with banks. Where appropriate, such Regulated Information will be approved as a financial promotion by Gresham House Asset Management Limited, which is authorised and regulated by the Financial Conduct Authority with financial services register reference number 682776. Hargreaves Lansdown is not responsible for an Share warrant reserve  Share warrants for which consideration has been received but which are not exercised yet. He is responsible for Gresham House Group legal matters. VCTs are a particular type of investment company. He previously worked at JP Morgan for 18 years in a number of senior roles and was Managing Partner of 3i Group plc’s Quoted Private Equity Division from 2007 to 2009. Gresham House Asset Management Limited is certified to the ISO 9001 standard. Under the guidance in IFRS 2:41, it has been considered that the A Share settlement should be treated as an equity-settled instrument. To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms. During the year the Company repaid loans totalling £1,500,561 to (2018: received £10,458,814 from) Gresham House Holdings Limited. Gresham’s team of over 60 executives benefits from our many years of collective commercial experience. dividends) not recognised elsewhere. 2. 2020 FE fundinfo. consideration by the Board and Gresham House, as Manager. The Group manages its capital to ensure that entities within the Group and the Company will be able to continue to trade in an orderly fashion whilst maintaining sustainable returns to shareholders. The fair value of the A Shares at award was £276,000 (£276 per share), which will be amortised over the three-year and two-month vesting period. Valuation technique using significant unobservable inputs - Level 3. Some Regulated Information may relate to Alternative Investment Funds within the meaning of the Alternative Investment Fund Managers Directive and the availability of such information will be subject to the registration of the Alternative Investment Fund in relevant jurisdictions as described in the documents relating thereto. 5. We believe in taking the long view in delivering sustainable investment solutions and that this will continue to be a growing factor in our market-positioning strength. Financial instruments that have been valued using inputs other than quoted prices as described for level 1 but which are observable for the asset or liability, either directly or indirectly. c. Not disclosed under IFRS The interest rate exposure profile of the Group's financial assets and liabilities as at 31 December 2019 and 2018 were: Non-interest-bearing assets comprise the portfolio of ordinary shares, dealing securities and non-interest-bearing loans. The Group's financial instruments, which are held in accordance with the Group's objectives and policies, comprise: (i)   securities consisting of listed and unlisted equity shares, (ii)   a secondary portfolio of listed and unlisted fixed income securities, (iii)  cash, liquid resources and short-term debtors and creditors that arise directly from its operational activities, (iv)  short-term and long-term borrowings. highest standard of service. The Company announces that at its Annual General Meeting ("AGM") held earlier today, all the resolutions put to Shareholders were passed by the requisite majority. Individual participation in the shareholder value created will be determined by the Remuneration Committee. In the event that the Company achieves an average mid-market closing price equal to compound growth at 7% per annum over the three year period from award, or the growth in Adjusted Earnings Per Share has compound growth of 7% per annum or more, 50% of the award will vest. If you're not sure which The Company offers a range of funds, direct investments and investment opportunities, including co-investment, across various alternative inves. Under the 2019 LTIP, 274,728 deferred shares were awarded to the management team, with a fair value at award of £1.5 million. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds; The announcements are supplied by the denoted source. Real Assets includes the forestry, new energy and housing and infrastructure divisions. Investment in VCTs is high-risk and for the long-term. The value of a VCT depends on the performance of the underlying assets. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so; Prior to this, he was Managing Director of Finsbury Asset Management Ltd (1988-1998). Rachel is currently chairman of the Association of Investment Companies and Securities Trust of Scotland plc, and also senior independent director of both the Aberdeen New India Investment Trust plc and BlackRock Emerging Europe plc, where she also chairs the audit committee. The classification of these assets and liabilities is based on the lowest level input that is significant to the fair value measurement in its entirety. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds; At the year-end £1,697,449 (2018: £nil) was owed by HC ESS7 Limited. Gresham is listed on the main market of the London Stock Exchange (GHT.L) and is headquartered in the City of London, here you will find all our annual reports and half year results and presentations here. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day. IFRS 13 - Fair Value Measurement - requires an entity to classify its financial assets and liabilities held at fair value according to a hierarchy that reflects the significance of observable market inputs. During the year the Company advanced £1,489,628 (2018: £nil) to HC ESS7 Limited. 10. At the year-end £1,301,529 (2018: £2,802,090) was due to Gresham House Holdings Limited. By using this site, you agree to use the content for private use only. Floating rate assets and floating rate liability loans are subject to interest rates which are based on LIBOR and bank base rates. Valuation technique using observable inputs - Level 2. The fair value of the award has been determined using an expected returns model, which is based on a number of scenarios and probabilities of the New Energy division's performance for the period from 31 October 2017 to 31 December 2020. I confirm and agree. The capital structure of the Group and Company consist of short and long-term borrowings as disclosed in notes 21 and 23, cash and cash equivalents and equity attributable to equity shareholders of the Company comprising issued share capital, share premium, share warrant reserve and retained reserves as disclosed in notes 24 to 27. This information is provided by RNS, the news service of the London Stock Exchange. Shareholder warrants are freely transferable, are exercisable at any time between 1 January 2015 and 31 December 2019 at an exercise price of 323.27p per ordinary share and are subject to the terms of the shareholder warrant instrument dated 7 October 2014. The only financial liabilities held at fair value relates to the deferred consideration on the acquisition of FIM Services Limited and the acquisition of the fund and investment management businesses of Livingbridge VC LLP amounting to £10,510,000. right to publish a filtered set of announcements. Investment in smaller companies which are unquoted, or traded on AIM or ISDX Markets, by its nature, involves a higher degree of risk than investment in larger companies, including those traded on the main market. Kevin qualified as a chartered accountant with Deloitte and is a fellow of the Institute of Chartered Accountants of England and Wales. of an announcement should be directed to the source. That unlisted fund invests in a large number of forestry assets. Strategic Equity includes the quoted and unquoted equity divisions. Values are quoted in the stock's local currency: British pound. 3. The Company introduced in 2016 a share matching plan linked to the discretionary annual bonus scheme to encourage management and employees to invest in the long-term growth of the Company. At the year-end £4,684,314 (2018: £2,562,578) was due to Security Change Limited. article's content and its accuracy. He chairs the Investment Committee of Gresham House plc and Gresham House Strategic plc. The tax reliefs described are those currently available. Some of the cookies are essential for parts of the site to operate and have already been set. b. Previously, she was vice-chairman of Newlon Housing Trust and a non-executive director and audit committee chair of Crown Place VCT plc and Schroder UK Mid Cap Fund plc. Gresham House plc (LON:GHE) the specialist alternative asset manager, has reported a strong 17% growth in Assets Under Management (AUM) in the first half of the year, with a 33% increase in core income and 15% increase in adjusted operating profit.