Launch of a closed end fund

RNS Number : 7343Z

GLI Finance Limited

22 September 2015

 

22 September 2015

GLI Finance PLC

Launch of a closed end fund

GLI Finance Limited ("GLI"), a leading provider of finance to small and medium sized enterprises in the UK, US and Europe, announces that it has successfully launched GLI Alternative Finance plc ("GLIAF"), a closed end fund focusing on a loan portfolio diversified by geography, asset class, duration and security.

GLIAF intends to achieve its investment objective by investing in a range of loans originated principally through the investee platforms in which GLI holds strategic equity investments. GLIAF may also make investments through other third party alternative lending platforms that present suitable investment opportunities.

GLIAF raised aggregate gross proceeds of £52.7 million pursuant to the issue, as described in the prospectus published by GLIAF on 1 September 2015, under which a portfolio of loans has been transferred by GLI to GLIAF in consideration for the issue to GLIF of 40,270,763 shares in GLIAF. Applications have been made for admission of the Ordinary Shares to trading on the Specialist Fund Market of the London Stock Exchange and admission is expected to take place at 8.00 a.m. on 23 September 2015.

-ENDS-

For further information, please contact:

GLI Finance Limited

Geoffrey Miller

[phone]

[phone]

Panmure Gordon

Dominic Morley

[phone]

Peter Steel

[phone]

Tom Salvesen

[phone] 

Camarco

Ed Gascoigne-Pees

[phone]

[phone]

Hazel Stevenson

[phone]

[phone]

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.

 

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