29 Mar 2016 15:18
29 March 2016
GLI Alternative Finance plc (the "Company")
Reduction of the share premium account
As stated in the Company's prospectus dated 1 September 2015, the Company had resolved that, conditional upon First Admission and the approval of the Court, the amount standing to the credit of the share premium account of the Company immediately following completion of the Issue be cancelled and transferred to a special distributable reserve.
The Company is pleased to announce that, following the approval of the Court and the subsequent registration of the Court order with the Registrar of Companies on 23 March 2016, the reduction has now become effective. Accordingly, the amount of £51,143,666 previously held in the share premium account has been cancelled.
Words and expressions that are defined in the Company's prospectus have the same meanings where they are used in this announcement, except where the context requires otherwise.
Enquiries to:
Elysium Fund Management Limited elysium@elysiumfundman.com
| tel: +44 1481 810 100
|
Amberton Asset Management Limited Graham Glass graham.glass@gli-am.com | tel: +44 1481 708 240 |