Disposal of FOIF holding

RNS Number : 4475G

GLI Finance Limited

04 March 2015

 

4 March 2015

GLI Finance Limited

Disposal of FOIF holding

GLI Finance Limited, a leading provider of finance to small and medium sized enterprises in the UK, US and Europe, announces that on 4 March 2015 it sold its entire holding of 34,298,425 ordinary shares in Fair Oaks Income Fund Limited at a price of $0.9425 per share, raising gross proceeds of approximately $32.3 million.

Enquiries:

GLI Finance Limited

Geoffrey Miller

[phone]

[phone]

Panmure Gordon (Nominated Adviser and Corporate Broker)

Dominic Morley

[phone]

Peter Steel

[phone]

Tom Salvesen

[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.

 

END

 

 

DISSSUFMDFISEID