Dividend Declaration

RNS Number : 3772F

GLI Finance Limited

24 April 2014

 

24 April 2014

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

2014 First Interim Dividend

The Board has declared a first interim dividend for 2014 covering the period from 1 January 2014 to 31 March 2014.

Distribution period:	1 January 2014 to 31 March 2014
Distribution amount per share:	1.25 pence
Ex-dividend date:	30 April 2014
Dividend record date:	2 May 2014
Last date to elect/revoke elections:	30 May 2014
Payment date/Allotment of scrip:	20 June 2014
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 GLIF 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 12 May 2014 to all eligible GLIF shareholders on the register as at the record date for the dividend, being 2 May 2014. Elections for the scrip dividend alternative will need to be received by the Company's receiving agent, Equiniti Limited, by 30 May 2014 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 2014 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

Dominic Morley

Fred Walsh

[phone]

FTI Consulting

Ed Berry

Jack Hickey

[phone]/196

About GLI Finance

GLI Finance is a specialist provider of finance to small and medium sized enterprises and is quoted on AIM. GLIF both invests in loans to SMEs and originates finance for SMEs through a variety of finance platforms. SME loan investment is currently primarily in US and European senior secured loans of mid-market size mainly via CLO equity holdings. SME finance origination is primarily in the UK, and was established through the acquisition of BMS Finance in November 2012, and investment in crowd lending platform FundingKnight in July 2013 and in invoice trading platform Platform Black in August 2013.

In January 2014 the Company announced a further seven investments in a variety of SME finance platforms in the UK, US and Europe, covering trade finance (TradeRiver Finance), SME lending (Raiseworks and Finpoint UK), invoice finance (Dansk Faktura Bors), offshore lending (Sancus), property lending (Proplend) and broadly based crowd funding (CrowdShed).

 

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