31 Jul 2015 09:27
31 July 2015
GLI Finance Limited
("GLI" or the "Company")
Holdings in Company
On 30 July 2015, the board of GLI was informed that, also on 30 July 2015, the liquidator to Sancus Holdings Limited ("SHL") made a distribution ("Distribution") of 7,539,823 ordinary shares of nil par value in the Company ("Ordinary Shares") to certain of SHL's shareholders, including Geoffrey Miller and Andrew Whelan, the Company's Chief Executive Officer and Director of Lending respectively as participants in the SHL Employee Benefit Trust. SHL no longer has a notifiable interest in the Company's issued Ordinary Share capital following the Distribution.
The number of Ordinary Shares received by Mr Miller and Mr Whelan for £nil consideration pursuant to the Distribution and their respective resultant interests in the Company's issued Ordinary Share capital are set out in the table below:
No. Ordinary Shares prior to the Distribution | No. Ordinary Shares received | No. Ordinary Shares held following the Distribution | %age of the Company's issued Ordinary Share capital with voting rights | |
Mr Miller | 2,131,079 | 628,319 | 2,759,398 | 1.3% |
Mr Whelan | 859,029 | 2,827,432 | 3,686,461 | 1.7% |
For further information, please contact:
GLI Finance Limited
Geoffrey Miller
+1 203 916 0003
+44 7408 830719
Panmure Gordon (Nominated Adviser and Corporate Broker)
Dominic Morley / Tom Salvesen
+44 (0)20 7886 2500
Peter Steel
+44 (0)113 357 1150
Camarco (PR Advisor)
Ed Gascoigne-Pees
+44 (0)203 757 4984
+44 (0)788 400 1949
Hazel Stevenson
+44 (0)203 757 4989
+44 (0)798 600 9720
About GLI Finance Limited
GLI Finance (www.glifinance.com) is a specialist provider of finance to small and medium sized enterprises and is quoted on the AIM market of the London Stock Exchange (ticker GLIF). GLI Finance both invests in loans to SMEs and originates finance for SMEs through a variety of finance platforms.
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.