GAM brings forward date of EGM and Liontrust extends offer period

GAM's board of directors is bringing forward the date of the EGM to 18 August 2023 which it said "will allow GAM shareholders to consider the matters being proposed at the EGM earlier than previously scheduled".

Liontrust also announced today (28 July) the extension of the main offer period to 4 August 2023, 16:00 CEST.

"This provides GAM's shareholders further time to consider the Liontrust Offer", the statement said. 

GAM shareholders who have already tendered or intend to tender their shares into the Liontrust offer can still participate in and, in particular, cast their vote, at the EGM.

The GAM Board further said it continued to strongly recommend the Liontrust Offer and urges shareholders to tender their shares. 

The latest announcement comes amid ongoing lively debate among shareholders, including from Investor group NewGAMe  which has published an open letter to GAM's shareholders, responding to Liontrust's questioning of the legality of the offer, and some of GAM's own claims made on Monday (24 July).