Ad hoc announcement: NewGAMe SA publishes interim results of the partial tender offer for shares in GAM Holding AG
04 October 2023
Ad hoc announcement pursuant to Art. 53 Listing Rules:
NewGAMe SA publishes interim results of the partial tender offer for shares in GAM Holding AG
Following the end of the main acceptance period, NewGAMe SA (“NewGAMe”) has published the provisional notice of the interim results of its offer for a maximum of 28,000,000 publicly held registered shares in GAM Holding AG (“GAM”) with a nominal value of CHF 0.05 each equivalent to 17.5% of the issued share capital of 159,682,531 shares. The interim results show that during the main acceptance period there were tenders for 40,243,738 shares.
The NewGAMe investor group currently holds or has the right to vote shares representing 9.6% of the outstanding share capital of GAM. The additional acceptance period commences on 10 October and finishes on 23 October. The provisional notice of the final results will be published on the 24 October 2023. Upon settlement of the offer, it is expected that NewGAMe will hold or have the right to vote not less than 27.1 % of the share capital of GAM. Pursuant to Section 5.5 of the Supplement n° 1, the settlement of the Offer is expected to take place on 6 November 2023, subject to any postponement (as defined in Section 3.7 of the Prospectus). As set out in Section 8.7 of the Offer Prospectus, the Offeror expects that the settlement date will need to be postponed by approximately four months due to regulatory approval procedures.
19 October 2023 Q3 2023 Interim Statement
For further information please contact:
Head of Communications and Investor Relations
T +44 7890 386 699
Ute Dehn Christen
T +41 58 426 31 36
Visit us: www.gam.com
Follow us: Twitter and LinkedIn
GAM is an independent investment manager that is listed in Switzerland. Total assets under management were CHF 68 billion as at 30 June 2023, with Investment Management at CHF 21.9 billion and Fund Management Services at CHF 46.1 billion. GAM has global distribution with offices in 14 countries and is geographically diverse with clients in almost every continent. It has 3,500 clients globally, of which c. 2,700 are based in Europe. Headquartered in Zurich, GAM Investments was founded in 1983 and its registered office is at Hardstrasse 201 Zurich, 8037 Switzerland.
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