GLI Finance Limited
Notice of interim results and business update
28 July 2015
GLI Finance Limited ("GLI" or "the Company"), a leading provider of finance to small and medium sized enterprises in the UK, US and Europe, announces that its interim results for the six months ended 30 June 2015 are expected to be released on 28 September 2015.
We continue to work on the listing of the Company's zero dividend preference shares and the launch of a closed end fund focusing on a loan portfolio diversified by geography, size of loan, type of lending and duration. Both initiatives are expected to be completed by the end of September 2015.
Business update
The Company's portfolio of platforms continues to make good progress and the platforms have now lent £444 million across approximately 6,400 loans since inception, with the average loan size growing significantly over the past year.
Platforms: loan portfolio summary data
|
12 months to June 2015 |
12 months to June 2014 |
Growth |
Total loans made by GLI Platforms (£'m) |
227 |
103 |
120% |
Number of new loans |
3,296 |
2,274 |
45% |
Average loan size (£'000) |
69 |
45 |
52% |
-ENDS-
For further information, please contact:
GLI Finance Limited
Geoffrey Miller
+1 203 916 0003
+44 7408 830719
Panmure Gordon
Dominic Morley
+44 (0)20 7886 2500
Peter Steel
+44 (0)113 357 1152
Tom Salvesen
+44 (0) 207 886 2904
Camarco
Ed Gascoigne-Pees
+44 (0)203 757 4984
+44 (0)788 400 1949
Hazel Stevenson
+44 (0)203 757 4989
+44 (0)7986 009 720
About GLI Finance
GLI Finance is a specialist provider of finance to small and medium sized enterprises and is quoted on AIM. GLIF both invests in loans to SMEs and originates finance for SMEs through a variety of finance platforms.