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View the article online at http://citywire.co.uk/wealth-manager/article/a758854

SVG & iimia founders plan to transform trust into new fund group

by Robert St George on Jun 26, 2014 at 11:01

Gresham’s board added that ‘early conversations with a limited number of potential investors have resulted in preliminary non-binding indications of interest in subscribing for a significant proportion of the target sum being expressed to the company’s advisers’.

The trust is currently being wound down, but its board argued that the new proposals ‘if brought to a satisfactory conclusion would provide an attractive alternative to the current plan of liquidation’.

However, the board warned that ‘discussions are at an early stage and there is no certainty that agreement as regards the implementation of the proposals, or any part of the proposals, will be reached’.

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