Issue of Ordinary Shares

RNS Number : 5041M

GLI Finance Limited

20 January 2016

 

20 January 2016

GLI Finance Limited

(the "Company" or "GLI Finance")

Issue of Ordinary Shares

The Board has today issued 51,020 new Ordinary Shares at a price of 36.75p per share to Louise Beaumont, a member of the Company's Executive Team. This issue represents a portion of Dr Beaumont's bonus entitlement for the 2015 calendar year, the remainder of which was settled by the Company in cash.

As a result of this transaction, Dr Beaumont's total holding is now 562,549 ordinary shares, representing 0.25% of the Company's issued share capital.

Application has been made for 51,020 new ordinary shares, which rank pari passu in all respects with the existing ordinary shares, to be admitted to trading on the AIM Market of the London Stock Exchange which is expected to occur on 27 January 2016.

For further information, please contact:

GLI Finance Limited

Andy Whelan

[phone]

Panmure Gordon (Nominated Adviser and Corporate Broker)

Dominic Morley / Tom Salvesen

[phone]

Peter Steel

[phone]

Camarco (PR Advisor)

Ed Gascoigne-Pees

[phone]

[phone]

Hazel Stevenson

[phone]

[phone]

PraxisIFM Trust Limited (Administrator and Secretary)

Matt Falla / Hugh Lanigan

[phone]

About GLI Finance Limited

GLI Finance (www.glifinance.com) is a specialist provider of finance to small and medium sized enterprises.  Its ordinary shares are quoted on AIM and its issued zero dividend preference shares are listed and traded on the main market of the London Stock Exchange (ticker GLIF (Ord) and GLIZ (2019 ZDP)). 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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