Transfer of loans to GLI Alternative Finance plc

RNS Number : 6693B

GLI Finance Limited

08 October 2015

 

8 October 2015

GLI Finance Limited

("GLI" or the "Company")

Transfer of loans to GLI Alternative Finance plc

The board of GLI announces that, on 8 October 2015, the Company transferred certain loans to GLI Alternative Finance plc for a total cash consideration of £5,925,000. GLI and Sancus Limited, a wholly owned subsidiary of the Company, transferred, pursuant to this transaction, loans valued at £4,675,000 and £1,250,000 respectively.

-Ends-

For further information, please contact:

GLI Finance Limited

Geoffrey Miller

[phone]

[phone]

Panmure Gordon (Nominated Adviser and Corporate Broker)

Dominic Morley / Tom Salvesen

[phone]

Peter Steel

[phone]

Camarco (PR Advisor)

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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