Net Asset Value(s)

RNS Number : 3770F

GLI Finance Limited

24 April 2014

 

24 April 2014

GLI Finance Limited

NAV Update for the quarter ended 31 March 2014

GLI Finance Limited ("GLIF" or "the Company") today announces its unaudited net asset value as at 31 March 2014. The Company's unaudited net asset value (NAV) per share as at 31 March 2014 was 50.25p. This compares to the audited NAV of 49.99p as at 31 December 2013.

Although there was a small appreciation in the Company's dollar assets during the quarter, this was offset by continued weakness in the dollar against sterling. The Company's sterling and euro assets were broadly unchanged in the period.

An update on the progress of the Company's lending platforms will be provided at the AGM on 30 April. Equity positions in platforms acquired in the second half of 2013 and the first quarter of 2014 are all held at cost, as the Board believes that this is the most appropriate methodology at this stage.

The Company will seek an independent valuation of all equity positions in its platforms at the end of the next quarter. This may delay the release of the NAV for 30 June 2014 but the dividend announcement will still be made on 23 July.

For further information, please contact:

Geoffrey Miller

GLI Finance Limited

[phone]

[phone]

Panmure Gordon

Dominic Morley

Fred Walsh

[phone]

Ed Berry

FTI Consulting

[phone]

 

END

 

 

NAVFMGZDRFKGDZM