Holding(s) in Company

RNS Number : 6993U

GLI Finance Limited

31 July 2015

 



31 July 2015

GLI Finance Limited

("GLI" or the "Company")

Holdings in Company

On 30 July 2015, the board of GLI was informed that, also on 30 July 2015, the liquidator to Sancus Holdings Limited ("SHL") made a distribution ("Distribution") of 7,539,823 ordinary shares of nil par value in the Company ("Ordinary Shares") to certain of SHL's shareholders, including Geoffrey Miller and Andrew Whelan, the Company's Chief Executive Officer and Director of Lending respectively as participants in the SHL Employee Benefit Trust. SHL no longer has a notifiable interest in the Company's issued Ordinary Share capital following the Distribution.

The number of Ordinary Shares received by Mr Miller and Mr Whelan for £nil consideration pursuant to the Distribution and their respective resultant interests in the Company's issued Ordinary Share capital are set out in the table below:

	No. Ordinary Shares prior to the Distribution	No. Ordinary Shares received	No. Ordinary Shares held following the Distribution	%age of the Company's issued Ordinary Share capital with voting rights
Mr Miller	2,131,079	628,319	2,759,398	1.3%
Mr Whelan	859,029	2,827,432	3,686,461	1.7%

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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