Notice of interim results and business update

RNS Number : 2234U

GLI Finance Limited

28 July 2015

 

GLI Finance Limited

Notice of interim results and business update

28 July 2015

GLI Finance Limited ("GLI" or "the Company"), a leading provider of finance to small and medium sized enterprises in the UK, US and Europe, announces that its interim results for the six months ended 30 June 2015 are expected to be released on 28 September 2015.

We continue to work on the listing of the Company's zero dividend preference shares and the launch of a closed end fund focusing on a loan portfolio diversified by geography, size of loan, type of lending and duration. Both initiatives are expected to be completed by the end of September 2015.

Business update

The Company's portfolio of platforms continues to make good progress and the platforms have now lent £444 million across approximately 6,400 loans since inception, with the average loan size growing significantly over the past year.

Platforms: loan portfolio summary data

	12 months to June 2015	12 months to June 2014	Growth
Total loans made by GLI Platforms (£'m)	227	103	120%
Number of new loans	3,296	2,274	45%
Average loan size (£'000)	69	45	52%

-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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