Holdings in Company, Shares into Treasury, TVR

RNS Number : 6483T

GLI Finance Limited

21 July 2015

 

21 July 2015

GLI Finance Limited

("GLI" or the "Company")

Holdings in Company, Shares into Treasury and Total Voting Rights

On 20 July 2015, the board of GLI was informed that the liquidator to Sancus Holdings Limited ("SHL") had distributed 18,452,390 ordinary shares of nil par value in the Company ("Ordinary Shares") to certain of SHL's shareholders, including GLI and Andrew Whelan, the Company's Director of Lending. SHL's interest is now in 9,522,168 Ordinary Shares, representing 4.5% of the Company's issued ordinary share capital with voting rights.

Pursuant to the liquidator's distribution, which took place on 20 July 2015, GLI received 2,392,865 Ordinary Shares, which the Company has taken into treasury and Mr Whelan received 859,029 Ordinary Shares for £nil consideration. Mr Whelan's interest is now in 859,029 Ordinary Shares, representing 0.4% of the Company's issued ordinary share capital with voting rights.

The liquidator intends to distribute SHL's remaining interests in the Company's issued ordinary share capital, including 9,424,779 Ordinary Shares to participants in the SHL Employee Benefit Trust ("EBT"), in due course. As a participant in the EBT, Mr Whelan has a further effective interest in 2,827,434 of these Ordinary Shares. The Company will provide further updates on SHL's liquidation as appropriate.

The Company's issued ordinary share capital consists of 214,431,843 Ordinary Shares. The Company holds 2,392,865 Ordinary Shares in treasury. The total number of Ordinary Shares in issue excluding Ordinary Shares held in treasury is therefore 212,038,978, which is also the total number of voting rights in the Company and the figure that should be used by shareholders as the denominator in their calculations to determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

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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