Skip to main content

Press Release

13 May 2024

Rock and GAM enter into Commitment Letter for the proposed rights issue


GAM Holding AG (GAM) proposes at its upcoming Annual General Meeting to be held on May 15, 2024, the approval of an ordinary capital increase by way of a rights issue to support the implementation of its strategy. The proposed rights issue of up to CHF 100 million will be offered to all existing shareholders. As previously announced, the rights offering will be, if necessary, fully underwritten by Rock Investment SAS (Rock), a group company of GAM’s anchor shareholder NJJ Holding SAS.

In connection with Rock's underwriting of such rights offering, on May 10, 2024, Rock and GAM entered into a commitment letter. Subject to the terms and conditions of such commitment letter, Rock has agreed to subscribe and purchase all shares for which subscription rights have not been validly exercised for an aggregate amount of up to CHF 100 million. Accordingly, to the extent GAM's existing shareholders decide not to participate in the rights offering, GAM will allocate any remaining shares to Rock. Rock will purchase such remaining shares at the same price as the offer price in the rights offering.

Upcoming events:
15 May 2024 Annual General Meeting
8 August 2024 Half year results 2024
For further information please contact:
Media Relations
Ute Dehn Christen
T +41 58 426 31 36
Investor Relations
Richard McCallum
T +44 (0) 207 917 24 01

Visit us at:

Follow us on: X and LinkedIn

About GAM

GAM is an independent investment manager that is listed in Switzerland. Total assets under management were CHF 63.8 billion as of 31 December 2023, with Investment Management at CHF 19.3 billion and Fund Management Services at CHF 44.7 billion. As of 31 January 2024, Fund Management Services were successfully transferred to the Carne Group. GAM has global distribution with offices in 14 countries and is geographically diverse with clients in almost every continent. Headquartered in Zurich, GAM Investments was founded in 1983 and its registered office is at Hardstrasse 201 Zurich, 8037 Switzerland.

Other Important Information

This release contains or may contain statements that constitute forward-looking statements. Words such as “anticipate”, “believe”, “expect”, "estimate", "aim", “project”, “forecast”, "risk", “likely”, “intend”, “outlook”, “should”, “could”, "would", “may”, “might”, "will", "continue", "plan", "probability", "indicative", "seek", “target”, “plan” and other similar expressions are intended to or may identify forward-looking statements.

Any such statements in this release speak only as of the date hereof and are based on assumptions and contingencies subject to change without notice, as are statements about market and industry trends, projections, guidance, and estimates. Any forward-looking statements in this release are not indications, guarantees, assurances or predictions of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the person making such statements, its affiliates and its and their directors, officers, employees, agents and advisors and may involve significant elements of subjective judgement and assumptions as to future events which may or may not be correct and may cause actual results to differ materially from those expressed or implied in any such statements. You are strongly cautioned not to place undue reliance on forward-looking statements and no person accepts or assumes any liability in connection therewith.

This release is not a financial product or investment advice, a recommendation to acquire, exchange or dispose of securities or accounting, legal or tax advice. It has been prepared without taking into account the objectives, legal, financial or tax situation and needs of individuals. Before making an investment decision, individuals should consider the appropriateness of the information having regard to their own objectives, legal, financial and tax situation and needs and seek legal, tax and other advice as appropriate for their individual needs and jurisdiction.