26 Sep 2017 16:30
26 September 2017
GLI Finance Limited("GLI " or the "Company")
Grant of Options
The Company announces that it has granted a total of 10,000,000 options over ordinary shares of no par value (the "Options") to Andrew Whelan, Chief Executive Officer and Director of the Company, Emma Stubbs, Chief Financial Officer and Director of the Company and Aaron Le Cornu, Chief Operating Officer.
Number of options granted | Total number of options over ordinary shares now held | |
Andrew Whelan | 5,000,000 | 5,000,000 |
Emma Stubbs | 2,000,000 | 2,000,000 |
Aaron Le Cornu | 3,000,000 | 3,000,000 |
The Options have been granted under a new Long Term Incentive Scheme which was approved by shareholders of the Company at the Annual General Meeting on 10 May 2017. The Options will vest in three equal traches on the first, second and third anniversaries of the grant, with exercise prices of 25p, 30p and 35p, respectively. The Options are not subject to performance conditions.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1. | Details of the person discharging managerial responsibilities / person closely associated | ||||||
a) | Name | Andrew Whelan | Emma Stubbs | Aaron Le Cornu | |||
2. | Reason for the Notification | ||||||
a) | Position/status | Chief Executive Officer | Chief Financial Officer | Chief Operating Officer | |||
b) | Initial notification/ Amendment | Initial notification | Initial notification | Initial notification | |||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
a) | Name | GLI Finance Limited | GLI Finance Limited | GLI Finance Limited | |||
b) | LEI | 213800S2XOO3YSEGCA26 | 213800S2XOO3YSEGA26 | 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 | Ordinary shares in GLI Finance | Ordinary shares in GLI Finance | Ordinary shares in GLI Finance | |||
Identification code | ISIN: GB00B0CL3P62 | ISIN: GB00B0CL3P62 | ISIN: GB00B0CL3P62 | ||||
b) | Nature of the transaction | Grant of options | Grant of options | Grant of options | |||
c) | Price(s) and volume(s) | Price | Volume | Price | Volume | Price | Volume |
25p | 1,666,667 | 25p | 666,667 | 25p | 1,000,000
| ||
30p | 1,666,667 | 30p | 666,667 | 30p | 1,000,000
| ||
35p | 1,666,666 | 35p | 666,666 | 35p | 1,000,000
| ||
d) | Aggregated information: ·Aggregated volume ·Price | See 4c) above 5,000,000 25, 30, 35p | See 4c) above 2,000,000 25, 30, 35p | See 4c) above 3,000,000 25, 30, 35p | |||
e) | Date of the transaction | 26 September 2017 | 26 September 2017 | 26 September 2017 | |||
f) | Place of the transaction | Guernsey | Guernsey | Guernsey | |||
For further information, please contact:
GLI Finance Limited | |
Andy Whelan | +44 (0)1534 708900 |
Liberum Capital Limited (Nominated Adviser and Corporate Broker) | |
Steve Pearce | +44 (0) 207 100 2000 |
Chris Clarke | |
Jonathan Wilkes-Green | |
Instinctif Partners (PR Advisor) | |
Tim Linacre/Ambrose Fullalove | +44 (0)207 457 2020 |
About GLI Finance
GLI is an AIM listed innovative alternative finance business, which owns a niche SME lender, Sancus BMS that operates in 6 jurisdictions - UK, Ireland, Jersey, Guernsey, Gibraltar and the Isle of Man, and a portfolio of emerging FinTech SME-focussed lending platforms that are located on 3 continents.