Liontrust has extended the main offer period for GAM shareholders to 23 August.
In a statement on 4 August, it said this provides GAM Holding shareholders further time to consider the public exchange offer by Liontrust.
The provisional notice relating to the interim offer results is expected to be published on 24 August 2023.
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 Extraordinary General Meeting on 18 August 2023.
Shareholders recorded in GAM's share register with voting rights as at 9 August 2023 (book closing date) will be entitled to vote in the EGM, irrespective of whether they have tendered their shares into the Liontrust offer.
Shareholders wishing to vote through the independent representative need to submit their voting instructions by 15 August 2023, 23:59 CEST.
The statement further said "GAM is pleased to note that ISS have published their recommendations that GAM shareholders vote against all proposals of Newgame and vote in line with GAM's Board's recommendations at the EGM".
The GAM Board "continues to strongly recommend the Liontrust offer and urges shareholders to tender their shares as well as to vote to reject all of the proposals of the EGM".
