19 Jan 2017 12:44
19 January 2017
GLI Finance Limited
(the "Company" or "GLI Finance")
Director/PDMR Shareholding
The Company was today notified of the following share dealings executed by persons discharging managerial responsibility:
1
| Details of the person discharging managerial responsibilities / person closely associated | |
a) | Names | Andy Whelan |
2 | Reason for the notification | |
a) | Position/status | CEO |
b) | Initial notification /Amendment | Initial Notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | GLI Finance Limited |
b) | LEI | 213800S2XOO3YSEGCA26 |
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
a)
| Description of the financial instrument, type of instrument Identification code | Ordinary Shares in GLI Finance London Stock Exchange, AIM, GLIF.LISIN: GB00B0CL3P62 |
b) | Nature of the transaction | Grant of Ordinary Shares in connection with 2016 annual bonus payments (576,230 shares). Receipt of Ordinary Shares following the liquidation of Sancus Gibraltar Holdings Limited (2,584,773 shares).* |
c) | Price(s) and volume(s) | Price - 20.825p per shareVolume - 576,230 Ordinary Shares Price - 31.1p per shareVolume - 2,584,773 Ordinary Shares |
d)
| Aggregated information - Aggregated volume- Price |
576,230 Ordinary Shares purchased at a price of 20.825p per share 2,584,773 Ordinary Shares at a price of 31.1p per share. |
e) | Date of the transaction | 2016 -12- (09) GMT2017 - 01 - (13) GMT |
f) | Place of the transaction | Outside a trading venue |
*Shares received from the liquidation of Sancus Gibraltar Holdings Limited, as explained in the circular to Shareholders issued on 16 May 2016.
1
| Details of the person discharging managerial responsibilities / person closely associated | |
a) | Names | Emma Stubbs |
2 | Reason for the notification | |
a) | Position/status | CFO |
b) | Initial notification /Amendment | Initial Notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | GLI Finance Limited |
b) | LEI | 213800S2XOO3YSEGCA26 |
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
a)
| Description of the financial instrument, type of instrument Identification code | Ordinary Shares in GLI Finance London Stock Exchange, AIM, GLIF.LISIN: GB00B0CL3P62 |
b) | Nature of the transaction | Grant of Ordinary Shares in connection with 2016 annual bonus payments. |
c) | Price(s) and volume(s) | Price - 20.825p per shareVolume - 144,057 Ordinary Shares |
d)
| Aggregated information - Aggregated volume- Price |
144,057 Ordinary Shares purchased at a price of 20.825p per share |
e) | Date of the transaction | 2016 -12- (09) GMT |
f) | Place of the transaction | Outside a trading venue |
1
| Details of the person discharging managerial responsibilities / person closely associated | |
a) | Names | Russell Harte |
2 | Reason for the notification | |
a) | Position/status | COO |
b) | Initial notification /Amendment | Initial Notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | GLI Finance Limited |
b) | LEI | 213800S2XOO3YSEGCA26 |
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
a)
| Description of the financial instrument, type of instrument Identification code | Ordinary Shares in GLI Finance London Stock Exchange, AIM, GLIF.LISIN: GB00B0CL3P62 |
b) | Nature of the transaction | Grant of Ordinary Shares in connection with 2016 annual bonus payments. |
c) | Price(s) and volume(s) | Price - 20.825p per shareVolume - 225,090 Ordinary Shares |
d)
| Aggregated information - Aggregated volume- Price |
225,090 Ordinary Shares purchased at a price of 20.825p per share |
e) | Date of the transaction | 2016 -12- (09) GMT |
f) | Place of the transaction | Outside a trading venue |
Following the above transactions, Andy Whelan's interest is in 4,376,230 Ordinary Shares, representing 1.42% of the Company's issued ordinary share capital with voting rights, Russell Harte's interest is in 439,507 Ordinary Shares, representing 0.14% of the Company's issued ordinary share capital with voting rights, and Mrs Stubbs's interest is in 323,667 Ordinary Shares, representing 0.11% of the Company's issued ordinary share capital with voting rights.
Name of authorised official of issuer responsible for making notifications:
PraxisIFM Trust Limited
Company Secretary to GLI Finance Limited
Enquiries
GLI Finance Limited
Andy Whelan
+44 (0)1534 708900
Liberum Capital (Nominated Adviser and Broker)
Steve Pearce
Chris Clarke
Jonathan Wilkes-Green
+44 (0) 207 100 2000
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)). 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.