2015 First Interim Dividend & NAV Update

RNS Number : 9198K

GLI Finance Limited

22 April 2015

 

22 April 2015

GLI Finance Limited (the "Company" or "GLI Finance")

2015 First Interim Dividend & NAV Update.

The Board wishes to advise that the Company's NAV is expected to be published during May, following a review of the equity positions held in each of the platforms.

The Board has declared a first interim dividend for 2015 covering the period from 1 January 2015 to 31 March 2015.

Distribution period:	1 January 2015 to 31 March 2015
Distribution amount per share:	1.25 pence
Ex-dividend date:	30 April 2015
Dividend record date:	1 May 2015
Last date to elect/revoke elections:	29 May 2015
Payment date/Allotment of scrip:	19 June 2015
Scrip alternative in operation:	Yes

The scrip dividend alternative is being offered for this distribution to those investors who wish to receive additional shares in the capital of GLI Finance in lieu of a cash payment.  A circular will be sent to shareholders explaining the terms of the scrip dividend alternative. It is intended that the circular together with scrip dividend election forms (for those shareholders holding shares in certificated form) will be mailed on or around 11 May 2015 to all eligible GLIF shareholders on the register as at the record date for the dividend, being 1 May 2015. The circular will also be made available on the Company's website www.glifinance.com. Elections for the scrip dividend alternative will need to be received by the Company's receiving agent, Equiniti Limited, by 29 May 2015 by those investors who wish to receive shares in lieu of cash.

The price at which the scrip dividend shares will be issued will be calculated in accordance with the terms of the circular by reference to the average of the middle market prices derived from the AIM Appendix to the Daily Official List of the London Stock Exchange on the ex-dividend date being 30 April 2015 and the four subsequent dealing days.

Note: The times and dates in this announcement are expected times and dates only and are subject to change. Any such changes will be notified to shareholders through a regulatory information service.

For further information, please contact:

GLI Finance Limited

Geoffrey Miller

[phone]

[phone]

Panmure Gordon (Nominated Adviser and Corporate Broker)

Dominic Morley

[phone]

Peter Steel

[phone]

Tom Salvesen

[phone]

Camarco (PR Advisor)

Ed Gascoigne-Pees

[phone]

[phone]

About GLI Finance Limited

GLI Finance (www.glifinance.com) is a specialist provider of finance to small and medium sized enterprises and is quoted on the AIM market of the London Stock Exchange (ticker GLIF). GLI Finance both invests in loans to SMEs and originates finance for SMEs through a variety of finance platforms.

The platforms in which GLI Finance is invested vary by geography, industry, size of lending and by type of lending. They include Global trade Finance, UK and US SME Lending, Offshore Lending, UK invoice discounting, European invoice discounting, Global multi-asset crowd funding and UK property-backed lending.

 

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