Issue of Ordinary Shares

RNS Number : 7636Q

GLI Finance Limited

02 December 2016

 

2 December 2016

GLI Finance Limited

(the "Company" or "GLI")

Issue of Ordinary Shares

The Company has today issued 228,928 new ordinary shares at a price of 31.1p per share ("Ordinary Shares") to each of Shane Lanigan, Martin Ling and Ewan Stradling (the "BMS Management Sellers"), representing 686,784  new Ordinary Shares in the aggregate.

The Ordinary Shares represent the additional consideration shares agreed to be issued to the BMS Management Sellers as a result of the increase in the net asset value of GLIF BMS Holdings Limited ("GBHL") following the completion of the acquisition by the Company of the shares that it did not already own in GBHL (as explained in the circular to Shareholders dated 16 May 2016).

Application will shortly be made for the admission to trading on AIM of the Ordinary Shares, which will rank pari passu with the Company's existing ordinary shares, and admission is expected to occur on 7 December 2016.

Following this issue the Company's issued share capital consists of 308,980,523 Ordinary Shares and 20,791,418 2019 Zero Dividend Preference shares. No Ordinary Shares are held in treasury.  Therefore the total number of shares with voting rights in the Company is 308,980,523. The above figure (308,980,523) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

Enquiries

GLI Finance Limited

Andy Whelan

[phone]

Liberum Capital (Nominated Adviser and Broker)

Steve Pearce

Chris Clarke

Jonathan Wilkes-Green

[phone]

Instinctif Partners (PR Advisor)

Tim Linacre/Nick Woods

[phone]

About GLI Finance

GLI Finance (www.glifinance.com) is a specialist provider of finance to small and medium sized enterprises. Its ordinary shares are quoted on the AIM and its issued zero dividend preference shares are listed and traded on the main market of the London Stock Exchange (tickers GLIF and GLIS (Ord) and GLIZ (2019 ZDP)). Loans are provided to SMEs through a variety of finance platforms in which GLI has an equity stake.

The platforms in which GLI Finance is invested vary by geography, industry, size of lending and by type of lending. They include UK and US SME Lending, Offshore Lending, UK and European Invoice Discounting, Supply Chain Finance, Global Trade Finance and UK Property-Backed Lending.

 

END

 

 

IOEFSMFAFFMSEEE