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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Gli Finance Limited | LSE:GLIF | London | Ordinary Share | GB00B0CL3P62 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.62 | 2.60 | 3.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMGLIF
RNS Number : 7471R
GLI Finance Limited
25 September 2017
25 September 2017
GLI Finance Limited
("GLI" or the "Company")
Launch of third securitised loan note SPV
GLI announces that Sancus BMS Group Limited ("Sancus"), a wholly owned subsidiary of GLI, has today launched a third newly established special purpose vehicle (the "SPV") with a 14 month life. The initial raise is GBP3.7 million through the issue of senior notes entirely to external investors with a planned total raise of GBP15 million. It is likely that further draws of funds will be made in the next 3 months. The funds in the SPV will be deployed into loans which will be arranged by Sancus and its subsidiaries. Sancus is assuming a 20% first loss position.
The SPV's loan portfolio will be managed by Amberton Asset Management Limited.
Commenting on the investment, Andy Whelan, the Chief Executive of GLI and Sancus said:
"I am delighted to confirm the launch of this third SPV. The establishment of this series of loan note SPVs is an important part of our funding strategy to expand further the lending operations of Sancus. It is particularly pleasing to see the continuing interest from the market to participate in this third SPV, and through this mechanism, in the loans arranged by Sancus."
For further information, please contact:
GLI Finance Limited
Andy Whelan
+44 (0)1534 708900
Liberum Capital Limited (Nominated Adviser and Corporate Broker)
Steve Pearce
Chris Clarke
Jonathan Wilkes-Green
+44 (0) 207 100 2000
Instinctif Partners (PR Advisor)
Tim Linacre/Ambrose Fullalove
+44 (0)207 457 2020
About GLI Finance
GLI is an AIM listed innovative alternative finance business, which owns a niche SME lender, Sancus BMS that operates in 6 jurisdictions - UK, Ireland, Jersey, Guernsey, Gibraltar and the Isle of Man, and a portfolio of emerging FinTech SME-focussed lending platforms that are located on 3 continents.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
September 25, 2017 10:38 ET (14:38 GMT)
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