Share Name Share Symbol Market Type Share ISIN Share Description
GLI FINANCE LIMITED NEX:GLIF.GB NEX Ordinary Share GB00B0CL3P62
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1.90p 1.00p 2.80p 1.90p 1.90p 1.90p 0 07:52:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

GLI Finance Limited Trading Update

28/05/2019 1:59pm

UK Regulatory (RNS & others)


GLI FINANCE (NEX:GLIF.GB)
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6 Months : From Apr 2019 to Oct 2019

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TIDMGLIF

RNS Number : 3623A

GLI Finance Limited

28 May 2019

28 May 2019

GLI Finance Limited

(the "Company")

Trading Update

The Company today announces a trading update.

FinTech Ventures

The Board has been made aware that a platform (the "Platform") held within the FinTech Ventures portfolio is facing significant financial difficulties and requires immediate investment to continue trading. Whilst the Platform is in talks with various parties to source immediate further investment, there is no guarantee that such talks will be successful. Accordingly, the Board believes that it is appropriate to write down the value of this investment to zero, resulting in a GBP1.9m fair value adjustment.

Sancus BMS

The Group's core business, Sancus BMS Group Limited, continues to grow and has performed in line with expectations so far year to date.

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014.

 
 GLI Finance Limited                           +44 (0)1534 708900 
 Andy Whelan 
 
 Liberum Capital Limited (Nominated Adviser 
  and Broker) 
 Chris Clarke 
  Steve Pearce                                 +44 (0)203 100 
  Trystan Cullen                                2000 
 
 Instinctif Partners (Public Relations         +44 (0)207 457 
  Adviser)                                      2020 
 Tim Linacre 
  Katie Bairsto 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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May 28, 2019 08:59 ET (12:59 GMT)

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