GlobeNewswire

Ad hoc announcement pursuant to Art. 53 listing rules: GAM Holding AG – update on half year 2021 results

Share

15 July 2021

Press Release

Ad hoc announcement pursuant to Art. 53 listing rules:
GAM Holding AGupdate on half year 2021 results

In accordance with its obligations under the listing rules of the SIX Swiss Exchange (article 53), GAM Holding AG is providing an update in relation to the Group’s expected results for the half year ended 30 June 2021.

The Group expects to report an IFRS net loss after tax of approximately CHF 3 million for the half year of 2021. This compares to the IFRS net loss after tax of CHF 390.1 million for the half year 2020.

The Group also expects to report an underlying profit before tax of approximately CHF 1 million. This compares to a CHF 2.0 million underlying loss before tax for the half year 2020.


GAM will announce its 2021 half year results on 4 August 2021.

Upcoming events:

4 August 2021Half Year results 2021
21 October 2021Interim management statement Q3 2021

For further information please contact:

Charles Naylor         
Global Head of Communications and Investor Relations
T +44 20 7917 2241

Investor Relations        Media Relations         Media Relations        
Jessica Grassi             Kathryn Jacques        Ute Dehn Christen        
T +41 58 426 31 37      T +44 20 7393 8699   T +41 58 426 31 36        

Visit us: www.gam.com
Follow us: Twitter und 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. The core investment business is complemented by private labelling services, which include management company and other support services to third-party asset managers. GAM employed 701 FTEs in 14 countries with investment centres in London, Cambridge, Zurich, Hong Kong, New York, Milan and Lugano as at 31 December 2020. 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 124.5 billion (USD 132.3 billion) as at 31 March 2021.

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

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire

GlobeNewswire
GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://globenewswire.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire

Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire

Only 3% of Financial Services Firms Ready for Open Banking Deadline28.7.2021 07:00:00 CEST | Press release

Data Privacy Challenges Blocking Open Banking Adoption for Business Growth, Innovation LONDON, July 28, 2021 (GLOBE NEWSWIRE) -- Only 3% of financial services (FS) organisations are confident they are prepared for the next major Open Banking enforcement deadline, due in September 2021, according to new research from Delphix, the industry leading data company for DevOps. The study – carried out by Pulse and commissioned by Delphix – polled 100 tech leaders in the finance banking and insurance industry to understand how prepared they are for compliance with Open Banking deadlines and what’s getting in the way. All respondents are from EMEA (77%) and APAC (23%) and work at companies with over 10,000 employees. Despite the Second Payments Services Directive (PSD2) and Strong Customer Authentication (SCA) requirement, which were initially slated to take effect September 2019, and then delayed by two years, the majority of FS organisations are still not ready. In fact, according to the poll,

Hexagon Composites ASA: Invitation to presentation of second quarter and half- year results 202128.7.2021 07:00:00 CEST | Press release

Hexagon Composites ASA’s second quarter and half-year results 2021 will be released on 12 August 2021, 07:00 CET. Jon Erik Engeset (CEO) and David Bandele (CFO) will present the results at 08:30 CEST and the presentation will be broadcasted live via https://hexagongroup.kg5.no/ The presentation will be held in English. A recording of the presentation will be made available on www.hexagongroup.com after the presentation. For more information: Hiva Ghiri, VP Investor Relations, Hexagon Composites Telephone: +47 958 66 790 | hiva.ghiri@hexagongroup.com Karen Romer, SVP Communications, Hexagon Composites Telephone: +47 950 74 950 | karen.romer@hexagongroup.com About Hexagon Composites ASA Hexagon delivers safe and innovative solutions for a cleaner energy future. Our solutions enable storage, transportation, and conversion to clean energy in a wide range of mobility, industrial and consumer applications. Learn more at www.hexagongroup.com and follow @HexagonASA on Twitter and LinkedIn This

Idorsia launches the offering of convertible bonds to fund the development of the company into a leading biopharmaceutical company28.7.2021 07:00:00 CEST | Press release

Ad hoc announcement pursuant to Art. 53 LR NOT FOR RELEASE, PUBLICATION, DISTRIBUTION IN OR INTO THE UNITED STATES, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAWS. This announcement is not a prospectus and not an offer of securities for sale in any jurisdiction, including in or into the United States, Japan, Australia or South Africa Idorsia launches the offering of approx. CHF 600 million convertible bonds Allschwil, Switzerland – July 28, 2021 Idorsia Ltd (SIX: IDIA, “Idorsia”) today announced the launch of approx. CHF 600 million senior unsecured convertible bonds (the “Bonds”) due 2028 convertible into shares of Idorsia (the “Shares”). The net proceeds from the offering will be used to support commercial product launches in several key markets in 2022 (pending regulatory approval) and to fund the further development of the company’s advancing late-stage pipeline. Idorsia’s main shareholders, Jean-

Hexagon Purus ASA: Invitation to presentation of second quarter and half- year results 202128.7.2021 07:00:00 CEST | Press release

Hexagon Purus ASA’s second quarter and half-year results 2021 will be released on 10 August 2021, 07:00 CEST. Morten Holum (CEO) and Dilip Warrier (CFO) will present the results at 08:30 CEST and the presentation will be broadcasted live via https://hexagonpurus.kg5.no/ The presentation will be held in English. A recording of the presentation will be made available on www.hexagonpurus.com after the presentation. For more information: Salman Alam, Vice President, Corporate Development, Hexagon Purus ASA Telephone: +47 476 12 713 | salman.alam@hexagonpurus.com Dilip Warrier, CFO, Hexagon Purus ASA Telephone: +1 949-236-5528 | dilip.warrier@hexagonpurus.com About Hexagon Purus ASA Hexagon Purus, a Hexagon Composites company, is a world leading provider of hydrogen type 4 high-pressure cylinders, battery packs and vehicle systems integration for fuel cell electric and battery electric vehicles. Hexagon Purus enables zero emission solutions for light, medium and heavy-duty vehicles, buses,

Equinor introduserer første transje av program for tilbakekjøp av aksjer28.7.2021 06:46:00 CEST | Pressemelding

Equinor (OSE: EQNR, NYSE: EQNR) starter i dag første transje på om lag 300 millioner dollar av programmet for tilbakekjøp av aksjer, som ble kunngjort på kapitalmarkedsdagen 15. juni 2021. På kapitalmarkedsdagen kunngjorde Equinor en konkurransedyktig kapitaldistribusjon med en økning av det kvartalsvise kontantutbytte til 18 cent per aksje og oppstart av et nytt program for tilbakekjøp av aksjer, noe som gir en kapitaldistribusjonsstruktur med økt fleksibilitet. Første transje av tilbakekjøpsprogrammet er på inntil 300 millioner USD, inkludert aksjer som innløses fra den norske stat, og vil avsluttes senest 28. september 2021. For 2021 forventes programmet for tilbakekjøp av aksjer å utgjøre om lag 600 millioner USD, inkludert aksjer som innløses fra den norske stat. Fra 2022 forventes et årlig tilbakekjøpsprogram på om lag 1,2 milliarder USD å bli gjennomført når prisen på Brent-olje er i, eller over, prisnivået 50-60 USD/fat, Equinors netto gjeldsgrad(1) holder seg innenfor ambisjon

Equinor commences first tranche in share buy-back programme28.7.2021 06:46:00 CEST | Press release

Equinor (OSE: EQNR, NYSE: EQNR) today commences the first tranche of around USD 300 million, of the new share buy-back programme announced at the Capital Markets Day on 15 June 2021. At the Capital Markets Day Equinor announced a competitive capital distribution with an increase of the quarterly cash dividend to 18 cents per share and the start of a new share buy-back programme, providing a capital distribution structure with increased flexibility. The first tranche of the share buy-back programme is up to USD 300 million, including shares to be redeemed from the Norwegian State, and will end no later than 28 September 2021. For 2021 the share buy-back programme is expected at USD 600 million, including shares to be redeemed from the Norwegian State. Starting in 2022 the annual share buy-back programme of around USD 1.2 billion is expected to be executed when Brent oil prices are in or above the range of 50-60 USD/bbl, Equinor’s net debt ratio(1) stays within the communicated ambition

Equinor ASA: Information relating to dividend for second quarter 202128.7.2021 06:45:00 CEST | Press release

Key information relating to the cash dividend to be paid by Equinor (OSE: EQNR, NYSE: EQNR) for second quarter 2021. Dividend amount: 0.18 Declared currency: USD Last day including rights New York Stock Exchange (NYSE): 9 November 2021 Ex-date NYSE: 10 November 2021 Last day including rights Oslo Børs (Oslo Stock Exchange): 10 November 2021 Ex-date Oslo Børs: 11 November 2021 Record date NYSE and Oslo Børs: 12 November 2021 Payment date: 24 November 2021 Other information: Dividend per share in NOK will be communicated 18 November 2021. This information is published in accordance with the requirements of the Continuing Obligations. This information is subject to the disclosure requirements pursuant to Section 5-12 in the Norwegian Securities Trading Act