Liontrust Financial News

29.08 / 08:25

companies liontrust GAM NewGAMe and Bruellan EGM GAM given 30 days to repay Liontrust loan

GAM will propose the issuance of a convertible bond to raise around CHF 25m.

24.08 / 08:03

companies liontrust GAM NewGAMe Liontrust bid fails as GAM enters discussions with shareholder group NewGAMe

Despite the failure, Liontrust is set to pay up to £11m in costs related to the offer.

23.08 / 11:09

companies liontrust GAM NewGAMe Albert Saporta NewGAMe accuses Liontrust CEO of 'bordering illegality' with 'misleading' communications

CEO of Liontrust John Ions (pictured) has been accused of spreading 'misleading information' over investor views of NewGAMe

22.08 / 07:37

companies liontrust GAM NewGAMe and Bruellan rock GAM board labels proposed rival loan 'insufficient' for stabilisation

GAM’s board argued that the level of funding needed to stabilise the firm was “significantly higher”, and likely to be in excess of CHF 100m (£89.1m).

18.08 / 09:27

companies liontrust GAM Bruellan Albert Saporta GAM shareholders offer new loan facility to replace Liontrust offer

In the letter, NewGAMe said it was willing to match the approximately CHF 20m amount that was already agreed in the takeover offer and said it would be lent by Rock or its parent company NJJ Holding.

17.08 / 14:55

companies liontrust GAM NewGAMe EGM GAM labels NewGAMe's proposal withdrawal 'vexatious' and a disruption strategy

n the letter, GAM insisted that NewGAMe is not a credible alternative path for GAM or its shareholders.

14.08 / 08:21

companies liontrust GAM NewGAMe EGM GAM cancels EGM and reasserts recommendation of Liontrust offer

The GAM board said it was “disappointed” by the withdrawal of the Rock proposals, which it described as a “vexatious use of shareholder rights”.

10.08 / 10:51

companies liontrust GAM Bruellan EGM GAM shareholders withdraw proposals for EGM

In a statement, NewGAMe urged GAM to cancel the 18 August date «rather than incur unnecessary costs».

09.08 / 11:33

companies liontrust GAM NewGAMe and Bruellan EGM GAM denies shareholder request to delay EGM

The EGM will be held on 18 August

08.08 / 09:17

companies liontrust GAM NewGAMe and Bruellan Bruellan NewGAMe Deal GAM investor group demands EGM date change over Liontrust deal vote

The investor group wants to move the EGM to on or around 31 August to reflect the extension of Liontrust's offer period.

04.08 / 09:27

companies liontrust GAM shareholders EGM Liontrust extends GAM offer deadline as John Ions responds to shareholder group

John Ions (pictured), Liontrust Asset Management CEO

02.08 / 20:37

companies liontrust GAM GAM hits back at shareholders 'conflict of interest' suggestions

'To enable the GAM Group to continue as a going concern it was essential that GAM Holding AG secured liquidity for the group,' the board wrote.

31.07 / 18:35

companies liontrust GAM Albert Saporta shareholders Deal Takeover GAM investor group calls for takeover board to impose final deadline on Liontrust deal

The investor group addressed the further delays to the offer period Liontrust announced last week, extending it by four days.

28.07 / 08:15

companies Acquisition liontrust GAM Bruellan NewGAMe Liontrust further extends GAM offer period

GAM shareholders will have until 4 August to tender their shares to Liontrust's offer.

27.07 / 07:31

companies Acquisition liontrust GAM NewGAMe Albert Saporta letter open 'Infuriated' GAM investor group hits back at Liontrust in emotional open letter to shareholders

This was the latest in an ongoing pushback from NewGAMe over Liontrust's acquisition of the Swiss firm, which it claims undervalues GAM at CHF 107m (£96m).

26.07 / 07:59

companies liontrust GAM NewGAMe GAM pushes back against shareholder inaccuracy claims

In a statement today, GAM stood by its communication over the deal, which it has repeatedly urged shareholders to accept.

25.07 / 11:05

companies liontrust GAM NewGAMe and Bruellan NewGAMe information Investor group accuses GAM of spreading 'misleading information' about counteroffer

'NewGAMe strongly believes that it is in the interest of shareholders not to tender to the Liontrust offer and to remain invested in GAM with a new team on board who can successfully turnaround the company and return it to profitability and growth,' the group added.

24.07 / 07:49

companies Acquisition liontrust GAM NewGAMe Liontrust waives FMS sale condition from GAM offer

The sale to Carne Group will still go through and is expected to complete in Q4 2023.

21.07 / 08:01

companies liontrust GAM Bruellan NewGAMe Investor group urges GAM shareholders to 'hold off' tendering to Liontrust offer

'We object to GAM’s message to shareholders that it is on the verge of collapse.'

19.07 / 12:39

companies Acquisition liontrust GAM Bruellan NewGAMe Takeover GAM reiterates Liontrust bid is sole takeover offer

GAM reiterated it continues to 'strongly recommend' Liontrust’s offer.

18.07 / 07:47

companies liontrust GAM Deal GAM investor group makes counteroffer to Liontrust deal

The offer price represents a 31.9% to the closing price of the GAM shares yesterday (17 July), and a 29.1% premium on the offer made by Liontrust.

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