Publication of Net Asset Value

RNS Number : 3948P

GLI Finance Limited

17 November 2016

 

GLI Finance Limited

(the "Company" or "GLI Finance")

Publication of Net Asset Value

17^th November 2016

The Company announces its unaudited NAV per share as at 30 September 2016 was 36.82p, a decrease of 0.68% from the NAV per share of 37.07p as at 30 June 2016.

The reduction in the NAV per share of 0.25p is comprised of:

The dilutive impact of the issue of approximately 23 million shares on 9 August 2016 at a price of 31 pence per share, in connection with a placing	(0.46) pence
Gains attributed to the increase in the mid-price of the SME Loan Fund plc from 89.75 pence as at 30 June 2016 to 96.0 pence per share at 30 September 2016	0.51 pence
Gains on currency exposure	0.35 pence
Net loss for the quarter after declaration of a Dividend of 0.625 pence per share	(0.65) pence
Net movement in NAV per share	(0.25) pence

The Company also provides the following update on its three Pillars:

Pillar One - The Sancus Group continues to trade in line with expectations formed at the time of the acquisition of Sancus (Gibraltar) Limited and the minority interest in GLIF BMS Holdings Limited and remains a high return on capital businesses.

Pillar Two - No changes have been made to the fair value holdings in the FinTech Platforms in the quarter, however funding and loan pipelines continue to show growth.

Pillar Three - Amberton Asset Management's AUM has increased to approximately £71m in the quarter as it has been appointed to manage Sancus Loan Notes Limited, a  £17.5m SPV, as announced on 8 November 2016.

For further information, please contact:

GLI Finance Limited

Andy Whelan

[phone]

Liberum (Nominated Advisor & Corporate 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 (ticker GLIF (Ord) and GLIZ (2019 ZDP)). The loans are provided to SMEs through a variety of finance platforms in which GLI Finance 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 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.

Inside information

This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.

 

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