8 Oct 2015 12:00
8 October 2015
GLI Finance Limited
("GLI" or the "Company")
Transfer of loans to GLI Alternative Finance plc
The board of GLI announces that, on 8 October 2015, the Company transferred certain loans to GLI Alternative Finance plc for a total cash consideration of £5,925,000. GLI and Sancus Limited, a wholly owned subsidiary of the Company, transferred, pursuant to this transaction, loans valued at £4,675,000 and £1,250,000 respectively.
-Ends-
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.