2016 First Interim Dividend

RNS Number : 6929V

GLI Finance Limited

20 April 2016

 

20 April 2016

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

2016 First Interim Dividend.

The Board has declared a first interim dividend for 2016 covering the period from 1 January to 31 March 2016.

Distribution period:	1 January to 31 March 2016
Distribution amount per share:	0.625 pence
Ex-dividend date:	28 April 2016
Dividend record date:	29 April 2016
Last date to elect/revoke elections:	27 May 2016
Payment date/Allotment of scrip:	17 June 2016
Scrip alternative in operation:	Yes

The scrip dividend alternative is being offered for this distribution to those investors who wish to receive additional shares in the capital of GLI in lieu of a cash payment.  A circular will be sent to shareholders explaining the terms of the scrip dividend alternative. It is intended that the circular together with scrip dividend election forms (for those shareholders holding shares in certificated form) will be mailed on or around 9 May 2016 to all eligible GLI shareholders on the register as at the record date for the dividend, being 29 April 2016. The circular will also be made available on the Company's website www.glifinance.com. Elections for the scrip dividend alternative will need to be received by the Company's receiving agent, Equiniti Limited, by 27 May 2016 by those investors who wish to receive shares in lieu of cash.

The price at which the scrip dividend shares will be issued will be calculated in accordance with the terms of the circular by reference to the average of the middle market prices derived from the AIM Appendix to the Daily Official List of the London Stock Exchange on the ex-dividend date being 28 April 2016 and the four subsequent dealing days.

Note: The times and dates in this announcement are expected times and dates only and are subject to change. Any such changes will be notified to shareholders through a regulatory information service.

For further information, please contact:

GLI Finance Limited

Andy Whelan

[phone]

Panmure Gordon (Nominated Adviser and Corporate Broker)

Dominic Morley

[phone]

Peter Steel

[phone]

Charles Leigh-Pemberton

[phone]

Instinctif Partners (PR Advisor)

Tim Linacre/Nick Woods

[phone]

PraxisIFM Trust Limited (Administrator and Secretary)

Matt Falla / Hugh Lanigan

[phone]

About GLI Finance Limited

GLI Finance (www.glifinance.com) is a specialist provider of finance to small and medium sized enterprises.  Its ordinary shares are quoted on AIM and its issued zero dividend preference shares are listed and traded on the main market of the London Stock Exchange (ticker GLIF (Ord) and GLIZ (2019 ZDP)). The loans are provided to SMEs through a variety of finance platforms in which GLI Finance 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 global trade finance, UK and US SME lending, offshore lending, UK invoice discounting, European invoice discounting, supply chain finance and UK property-backed lending.

 

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