24 May 2016 07:00
24 May 2016
GLI Finance Limited
("GLI" or the "Company")
Completion of Share Sale
The Company is pleased to announce that, following the receipt of regulatory approval, the sale by the Company of 50% of its stake in Amberton Asset Management Limited (formerly GLI Asset Management Limited) completed yesterday. The sale to Golf Investments Limited, a subsidiary of the Somerston Group, was previously outlined in the Company's announcement dated 21 December 2015.
GLI and Somerston look forward to creating a successful partnership, which will seek to develop the Amberton brand and assist the growth of GLI Alternative Finance plc, a closed end fund in which the Company and Somerston hold interests of 47.99% and 27.96% of the issued share capital respectively.
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 (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, Global multi-asset crowd funding and UK property-backed lending.