Reduction of the share premium account

RNS Number : 4366T

GLI Alternative Finance PLC

29 March 2016

 

29 March 2016

GLI Alternative Finance plc (the "Company")

Reduction of the share premium account

As stated in the Company's prospectus dated 1 September 2015, the Company had resolved that, conditional upon First Admission and the approval of the Court, the amount standing to the credit of the share premium account of the Company immediately following completion of the Issue be cancelled and transferred to a special distributable reserve.

The Company is pleased to announce that, following the approval of the Court and the subsequent registration of the Court order with the Registrar of Companies on 23 March 2016, the reduction has now become effective. Accordingly, the amount of £51,143,666 previously held in the share premium account has been cancelled.

Words and expressions that are defined in the Company's prospectus have the same meanings where they are used in this announcement, except where the context requires otherwise.

Enquiries to:

Elysium Fund Management Limited [e-mail]	tel: [phone]
Amberton Asset Management Limited Graham Glass [e-mail]	tel: [phone]

 

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