GLI Finance Limited Transfer of loans to GLI Alternative Finance plc (6693B)
October 08 2015 - 6:00AM
UK Regulatory
TIDMGLIF
RNS Number : 6693B
GLI Finance Limited
08 October 2015
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 GBP5,925,000. GLI and Sancus Limited, a
wholly owned subsidiary of the Company, transferred, pursuant to
this transaction, loans valued at GBP4,675,000 and GBP1,250,000
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.
This information is provided by RNS
The company news service from the London Stock Exchange
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