Net Asset Value(s)

RNS Number : 3162U

GLI Finance Limited

15 October 2014

 



15 October 2014

GLI Finance Limited

NAV and trading update for the quarter ended 30 September 2014 

GLI Finance Limited ("GLI Finance" or the "Company"), a leading provider of finance to small and medium sized enterprises in the UK, US and Europe, is pleased to announce its net asset value ("NAV") as at 30 September 2014.

The Company's unaudited NAV per share as at 30 September 2014 was 48.32p, which compares with an audited NAV per share of 48.53p as at 30 June 2014.

During the period, GLI Finance completed investments in three platforms, as announced in the Company's recent interim results. They were:

·      July 2014 - Finexkap

·      August 2014 -  LiftForward

·      September 2014 - The Credit Junction

During the period, GLI Finance also agreed a loan facility to borrow up to £30 million with Sancus Limited, a peer to peer lender in which the Company holds 8.4% of the issued ordinary shares. The total value of loans held by GLI Finance, originated through the Company's partnerships with its platforms, totalled £27.3m as at 30 September 2014 (30 June 2014: £23.9m).

-Ends-

For further information, please contact:

GLI Finance Limited

Geoffrey Miller

[phone]

[phone]

Panmure Gordon

Dominic Morley

[phone]

Joanne Lake

[phone]

Camarco

Ed Gascoigne-Pees

[phone]

[phone]

Hazel Stevenson

[phone]

[phone]

About GLI Finance Limited

GLI Finance (www.glifinance.com) is a specialist provider of finance to small and medium sized enterprises and is quoted on the AIM market of the London Stock Exchange (ticker GLIF). 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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