16 March 2015
GLI Finance Limited ("GLI Finance" or "the Company")
Result of General Meeting
Further to the announcement on 24 February 2015, the board of GLI Finance announces that at the Extraordinary General Meeting held earlier today, the special resolution to approve the placing of 34,500,000 Placing Shares at 58 pence per Placing Share was duly passed.
Admission
In accordance with the terms of the Circular in relation to the conditional placing, application has been made to the London Stock Exchange for admission of the Placing Shares to trading on AIM. It is expected that admission will become effective and dealings will commence at 8:00am on 17 March 2015.
On admission, the Company's enlarged issued ordinary share capital will consist of 207,460,021 Ordinary Shares. All of these Ordinary Shares carry voting rights of one vote per Ordinary Share. There are no Ordinary Shares held in treasury and so the total number of voting rights in the Company following admission will be 207,460,021. The above figures should be used by shareholders following admission as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
For further details, please contact:
GLI Finance Limited
Geoffrey Miller
+1 203 916 0003
+44 7408 830719
Panmure Gordon (Nominated Adviser and Corporate Broker)
Dominic Morley
+44 (0)20 7886 2954
Peter Steel
+44 (0)113 357 1152
Tom Salvesen
+44 (0)20 7886 2904
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
Unless otherwise stated, capitalised terms in this announcement have the same meanings as defined in the Circular sent to shareholders on 24 February 2015, a copy of which is also available on the Company's website at http://www.glifinance.com/investor-relations/shareholder-circulars/2015.aspx.
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.