GLI Finance Limited
(the "Company" or "GLI Finance")
Publication of Net Asset Value
17th November 2016
The Company announces its unaudited NAV per share as at 30 September 2016 was 36.82p, a decrease of 0.68% from the NAV per share of 37.07p as at 30 June 2016.
The reduction in the NAV per share of 0.25p is comprised of:
|
The dilutive impact of the issue of approximately 23 million shares on 9 August 2016 at a price of 31 pence per share, in connection with a placing |
(0.46) pence |
|
Gains attributed to the increase in the mid-price of the SME Loan Fund plc from 89.75 pence as at 30 June 2016 to 96.0 pence per share at 30 September 2016 |
0.51 pence |
|
Gains on currency exposure |
0.35 pence |
|
Net loss for the quarter after declaration of a Dividend of 0.625 pence per share |
(0.65) pence |
|
Net movement in NAV per share |
(0.25) pence |
The Company also provides the following update on its three Pillars:
Pillar One - The Sancus Group continues to trade in line with expectations formed at the time of the acquisition of Sancus (Gibraltar) Limited and the minority interest in GLIF BMS Holdings Limited and remains a high return on capital businesses.
Pillar Two - No changes have been made to the fair value holdings in the FinTech Platforms in the quarter, however funding and loan pipelines continue to show growth.
Pillar Three - Amberton Asset Management's AUM has increased to approximately £71m in the quarter as it has been appointed to manage Sancus Loan Notes Limited, a £17.5m SPV, as announced on 8 November 2016.
For further information, please contact:
GLI Finance Limited
Andy Whelan
+44 (0)1534 708900
Liberum (Nominated Advisor & Corporate Broker)
Steve Pearce
Chris Clarke
Jonathan Wilkes-Green
+44 (0) 20 3100 2190
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.
Inside information
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