17 May 2016 07:00
17 May 2016
GLI Finance Limited
("GLI" or the "Company")
Shares into Treasury
The Company wishes to announce that on 16 May 2016, it received 214,417 Ordinary Shares ("Shares"), which it has taken into treasury for £nil consideration. The Shares were issued to the former CEO under the Company's employee share scheme and were subject to clawback provisions in the event that the Company failed to meet specified performance criteria.
The Company's issued ordinary share capital consists of 230,205,614 Ordinary Shares. The Company holds 214,417 Ordinary Shares in treasury. The total number of Ordinary Shares in issue excluding Ordinary Shares held in treasury is therefore 229,991,197, which is also the total number of voting rights in the Company and the figure that should be used by shareholders as the denominator in their calculations to determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
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.