Grant of Options

RNS Number : 8853R

GLI Finance Limited

26 September 2017

 

26 September 2017

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

Grant of Options

The Company announces that it has granted a total of 10,000,000 options over ordinary shares of no par value (the "Options") to Andrew Whelan, Chief Executive Officer and Director of the Company, Emma Stubbs, Chief Financial Officer and Director of the Company and Aaron Le Cornu, Chief Operating Officer. 

	Number of options granted	Total number of options over ordinary shares now held
Andrew Whelan	5,000,000	5,000,000
Emma Stubbs	2,000,000	2,000,000
Aaron Le Cornu	3,000,000	3,000,000

The Options have been granted under a new Long Term Incentive Scheme which was approved by shareholders of the Company at the Annual General Meeting on 10 May 2017. The Options will vest in three equal traches on the first, second and third anniversaries of the grant, with exercise prices of 25p, 30p and 35p, respectively. The Options are not subject to performance conditions.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Whelan		Emma Stubbs		Aaron Le Cornu
2.	Reason for the Notification
a)	Position/status	Chief Executive Officer		Chief Financial Officer		Chief Operating Officer
b)	Initial notification/ Amendment	Initial notification		Initial notification		Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	GLI Finance Limited		GLI Finance  Limited		GLI Finance Limited
b)	LEI	213800S2XOO3YSEGCA26		213800S2XOO3YSEGA26		213800S2XOO3YSEGCA26
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Ordinary shares in GLI Finance		Ordinary shares in GLI Finance		Ordinary shares in GLI Finance
	Identification code	ISIN: GB00B0CL3P62		ISIN: GB00B0CL3P62		ISIN: GB00B0CL3P62
b)	Nature of the transaction	Grant of options		Grant of options		Grant of options
c)	Price(s) and volume(s)	Price	Volume	Price	Volume	Price	Volume
		25p	1,666,667	25p	666,667	25p	1,000,000
		30p	1,666,667	30p	666,667	30p	1,000,000
		35p	1,666,666	35p	666,666	35p	1,000,000
d)	Aggregated information: ·Aggregated volume ·Price	See 4c) above  5,000,000 25, 30, 35p		See 4c) above  2,000,000 25, 30, 35p		See 4c) above  3,000,000 25, 30, 35p
e)	Date of the transaction	26 September 2017		26 September 2017		26 September 2017
f)	Place of the transaction	Guernsey		Guernsey		Guernsey

For further information, please contact:

GLI Finance Limited
Andy Whelan	[phone]
Liberum Capital Limited (Nominated Adviser and Corporate Broker)
Steve Pearce	[phone]
Chris Clarke
Jonathan Wilkes-Green
Instinctif Partners (PR Advisor)
Tim Linacre/Ambrose Fullalove	[phone]

About GLI Finance

GLI is an AIM listed innovative alternative finance business, which owns a niche SME lender, Sancus BMS that operates in 6 jurisdictions -  UK, Ireland, Jersey, Guernsey, Gibraltar and the Isle of Man, and a portfolio of emerging FinTech SME-focussed lending platforms that are located on 3 continents. 

 

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