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    GAM   CH0102659627

GAM HOLDING AG

(GAM)
  Report
Delayed Swiss Exchange  -  11:31 2022-06-30 am EDT
0.7900 CHF   -4.82%
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GAM Holding AG is not in negotiations with Terraform Labs to support the Luna stablecoin

05/13/2022 | 05:18am EDT

13 May 2022

PRESS RELEASE

GAM Holding AG is not in negotiations with Terraform Labs to support the Luna stablecoin

A press release purporting to come from GAM Holding was issued at 23.00 UK time on 12 May. There is no truth in the story and GAM did not issue a press release. GAM has strict controls on the dissemination of press releases, and we are investigating the source of this story and how it came to be published.

For further information please contact:

Charles Naylor         
Head of Communications and Investor Relations
T +44 7890 386 699

Investor Relations        Media Relations                
Stephen Gardner        Ute Dehn Christen        
T +44 7790 778544        T +41 58 426 31 36        

Visit us: www.gam.com
Follow us: Twitter and LinkedIn

About GAM

GAM is a leading independent, pure-play asset manager. The company provides active investment solutions and products for institutions, financial intermediaries, and private investors through three businesses: Investment Management, Fund Management Services and Wealth Management. GAM employed 605 FTEs in 14 countries with investment centres in London, Cambridge, Zurich, Hong Kong, New York, Milan, and Lugano as of 31 December 2021. The investment managers are supported by an extensive global distribution network. Headquartered in Zurich, GAM is listed on the SIX Swiss Exchange with the symbol ‘GAM’. The Group has AuM of CHF 94.8 billion (USD 103 billion) as at 31 March 2022.

Disclaimer regarding forward-looking statements

This press release by GAM Holding AG (‘the Company’) includes forward-looking statements that reflect the Company’s intentions, beliefs or current expectations and projections about the Company’s future results of operations, financial condition, liquidity, performance, prospects, strategies, opportunities, and the industry in which it operates. Forward-looking statements involve all matters that are not historical facts. The Company has tried to identify those forward-looking statements by using words such as ‘may’, ‘will’, ‘would’, ‘should’, ‘expect’, ‘intend’, ‘estimate’, ‘anticipate’, ‘project’, ‘believe’, ‘seek’, ‘plan’, ‘predict’, ‘continue’ and similar expressions. Such statements are made on the basis of assumptions and expectations which, although the Company believes them to be reasonable at this time, may prove to be erroneous.

These forward-looking statements are subject to risks, uncertainties, assumptions and other factors that could cause the Company’s actual results of operations, financial condition, liquidity, performance, prospects or opportunities, as well as those of the markets it serves or intends to serve, to differ materially from those expressed in, or suggested by, these forward-looking statements. Important factors that could cause those differences include but are not limited to changing business or other market conditions, legislative, fiscal, and regulatory developments, general economic conditions, and the Company’s ability to respond to trends in the financial services industry. Additional factors could cause actual results, performance, or achievements to differ materially. The Company expressly disclaims any obligation or undertaking to release any update of, or revisions to, any forward-looking statements in this press release and any change in the Company’s expectations or any change in events, conditions, or circumstances on which these forward-looking statements are based, except as required by applicable law or regulation.

Attachment


© OMX, source GlobeNewswire - EU Press Releases

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Analyst Recommendations on GAM HOLDING AG
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Financials
Sales 2022 215 M 225 M 225 M
Net income 2022 - - -
Net Debt 2022 - - -
P/E ratio 2022 -
Yield 2022 -
Capitalization 123 M 129 M 129 M
Capi. / Sales 2022 0,57x
Capi. / Sales 2023 0,57x
Nbr of Employees 605
Free-Float 93,6%
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Mean consensus HOLD
Number of Analysts 2
Last Close Price 0,79
Average target price
Spread / Average Target -
Managers and Directors
Peter John Sanderson Group Chief Executive Officer
Richard McNamara Group Chief Financial Officer
David Joseph Jacob Chairman
Dave Thomas Global Head-Technology
Steve Rafferty Group Chief Operating Officer
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