2016 Third Interim Dividend

RNS Number : 9177M

GLI Finance Limited

19 October 2016

 

19 October 2016

GLI Finance Limited (the "Company" or "GLI")

2016 Third Interim Dividend.

The Board has declared a third interim dividend for 2016 covering the period from 1 July to 30 September 2016. The attention of Qualifying CREST Shareholders is drawn to the change noted in the penultimate paragraph, below.

Distribution period:	1 July to 30 September 2016
Distribution amount per share:	0.625 pence
Ex-dividend date:	27 October 2016
Dividend record date:	28 October 2016
Deadline to elect/revoke elections:	5.00 p.m. on 24 November 2016
Payment date/Allotment of scrip:	15 December 2016
Scrip alternative in operation:	Yes

The scrip dividend alternative is being offered for this distribution to those investors who wish to receive additional shares in the capital of GLI in lieu of a cash payment.  A circular will be sent to shareholders explaining the terms of the scrip dividend alternative. It is intended that the circular together with scrip dividend election forms (for those shareholders holding shares in certificated form) will be mailed on or around 4 November 2016 to all eligible GLI shareholders on the register as at the record date for the dividend, being 28 October 2016. The circular will also be made available on the Company's website www.glifinance.com. Elections for the scrip dividend alternative will need to be received by the Company's receiving agent, Capita Asset Services, by 5.00 p.m. on 24 November 2016 by those investors who wish to receive shares in lieu of cash.

The price at which the scrip dividend shares will be issued will be calculated in accordance with the terms of the circular by reference to the average of the Closing Price on the ex-dividend date being 27 October 2016 and the four subsequent dealing days.

Qualifying CREST Shareholders please note that if you have previously given a Scrip Dividend Mandate this mandate has been cancelled and that you are now required to elect for the Scrip Dividend Alternative each and every payment that this option is made available.

Note: The times and dates in this announcement are expected times and dates only and are subject to change. Any such changes will be notified to shareholders through a regulatory information service.

Closing Price refers to the closing middle market price of a GLI share on a particular dealing day as derived from Bloomberg.

For further information, please contact:

GLI Finance Limited

Andy Whelan

[phone]

Liberum Capital (Nominated Adviser and 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 (tickers GLIF and GLIS (Ord) and GLIZ (2019 ZDP)). Loans are provided to SMEs through a variety of finance platforms in which GLI 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 UK and US SME Lending, Offshore Lending, UK and European Invoice Discounting, Supply Chain Finance, Global Trade Finance and UK Property-Backed Lending.

 

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