SANCUS LENDING GROUP LIMITED

Net Asset Value • Sep 22, 2015

National Storage Mechanism | Additional information

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RNS Number : 7343Z

GLI Finance Limited

22 September 2015

22 September 2015

GLI Finance PLC

Launch of a closed end fund

GLI Finance Limited ("GLI"), a leading provider of finance to small and medium sized enterprises in the UK, US and Europe, announces that it has successfully launched GLI Alternative Finance plc ("GLIAF"), a closed end fund focusing on a loan portfolio diversified by geography, asset class, duration and security.

GLIAF intends to achieve its investment objective by investing in a range of loans originated principally through the investee platforms in which GLI holds strategic equity investments. GLIAF may also make investments through other third party alternative lending platforms that present suitable investment opportunities.

GLIAF raised aggregate gross proceeds of £52.7 million pursuant to the issue, as described in the prospectus published by GLIAF on 1 September 2015, under which a portfolio of loans has been transferred by GLI to GLIAF in consideration for the issue to GLIF of 40,270,763 shares in GLIAF. Applications have been made for admission of the Ordinary Shares to trading on the Specialist Fund Market of the London Stock Exchange and admission is expected to take place at 8.00 a.m. on 23 September 2015.

-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.

This information is provided by RNS

The company news service from the London Stock Exchange

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