04 October 2023
PRESS RELEASE
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.
Upcoming events:
19 October 2023 Q3 2023 Interim Statement
For further information please contact:
Charles Naylor
Head of Communications and Investor Relations
T +44 7890 386 699
Media Relations
Ute Dehn Christen
T +41 58 426 31 36
Visit us: www.gam.com
Follow us: Twitter and LinkedIn
GAM
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.
Other Important Information
This release contains or may contain statements that constitute forward-looking
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"indicative", "seek", "target", "plan" and other similar expressions are
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and unknown risks, uncertainties and other factors, many of which are beyond the
control of the person making such statements, its affiliates and its and their
directors, officers, employees, agents and advisors and may involve significant
elements of subjective judgement and assumptions as to future events which may
or may not be correct and may cause actual results to differ materially from
those expressed or implied in any such statements. You are strongly cautioned
not to place undue reliance on forward-looking statements and no person accepts
or assumes any liability in connection therewith.
This release is not a financial product or investment advice, a recommendation
to acquire, exchange or dispose of securities or accounting, legal or tax
advice. It has been prepared without taking into account the objectives, legal,
financial or tax situation and needs of individuals. Before making an investment
decision, individuals should consider the appropriateness of the information
having regard to their own objectives, legal, financial and tax situation and
needs and seek legal, tax and other advice as appropriate for their individual
needs and jurisdiction.
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