- Gresham House strategic development director Michael Phillips will step down from the board with effect from 31 December 2016.

As part of an orderly transition he will continue to work for the company until 30 June and continue to oversee the legacy property assets alongside finance director Kevin Acton. These assets remain non-core as previously notified.

Chief executive Tony Dalwood said: "Mike and I have worked closely together over the last two years to firmly establish Gresham House as a specialist asset manager. On behalf of everyone, I would like to thank him for all his hard work in supporting the initial foundations for Gresham House to progress through to the next stage of its journey."

At 9:41am: [LON:GHE] Gresham House Plc share price was 0p at 297.5p

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