Issue of Ordinary Shares

RNS Number : 1085N

GLI Finance Limited

20 October 2016

 

20 October 2016

GLI Finance Limited

(the "Company" or "GLI")

Issue of Ordinary Shares

The Company has today issued 214,417 ordinary shares of no par value ("Ordinary Shares") from treasury to Russell Harte, Chief Operating Officer of the Company. This issue represents the Ordinary Shares agreed to be granted by the Company when Mr Harte joined the Company, and further strengthens the alignment of interests between management and shareholders.

As a result of this transaction, Mr Harte is beneficially interested in 214,417 Ordinary Shares, representing 0.07% of the Company's issued share capital.

Following this issue the Company's issued share capital consists of 308,293,739 Ordinary Shares and 20,791,418 2019 Zero Dividend Preference shares. No Ordinary Shares are held in treasury.  Therefore the total number of shares with voting rights in the Company is 308,293,739. The above figure (308,293,739) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

Enquiries

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]

Inside information

This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.

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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