21 Jul 2016 16:45
21 July 2016
GLI Finance Limited (the "Company" or "GLI")
2016 Second Interim Dividend.
The Board has declared a second interim dividend for 2016 covering the period from 1 April to 30 June 2016. The attention of Qualifying CREST Shareholders is drawn to the change noted in the penultimate paragraph, below.
Distribution period: | 1 April to 30 June 2016 |
Distribution amount per share: | 0.625 pence |
Ex-dividend date: | 28 July 2016 |
Dividend record date: | 29 July 2016 |
Last date to elect/revoke elections: | 25 August 2016 |
Payment date/Allotment of scrip: | 16 September 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 5 August 2016 to all eligible GLI shareholders on the register as at the record date for the dividend, being 29 July 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, Capita Asset Services, by 25 August 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 July 2016 and the four subsequent dealing days.
Qualifying CREST Shareholders please note that if you have previously given a Scrip Dividend Mandate this mandate has been cancelled and that you are now required to elect for the Scrip Dividend Alternative each and every payment that this option is made available.
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
+44 (0)1534 708900
Panmure Gordon (Nominated Adviser and Corporate Broker)
Dominic Morley
+44 (0)20 7886 2954
Peter Steel
+44 (0)113 357 1152
Charles Leigh Pemberton
+44 (0)20 7886 2906
Instinctif Partners (PR Advisor)
Tim Linacre/Nick Woods
+44 (0)207 457 2020
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)). 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 UK and US SME Lending, Offshore Lending, UK and European Invoice Discounting, Supply Chain Finance, Global Trade Finance, and UK Property-Backed Lending.