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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 0.0% 3.15 2.80 3.50 3.15 3.15 3.15 0.00 08:00:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 13.1 -9.7 -3.3 - 15

GLI Finance Limited TR-1: Notification of Major Holdings

23/12/2020 11:31am

UK Regulatory (RNS & others)


TIDMGLIF

RNS Number : 6992J

GLI Finance Limited

23 December 2020

TR-1: S tandard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and 
  to the FCA in Microsoft Word format if possible) (i) 
 
 1a. Identity of the issuer or the                                          GLI FINANCE LIMITED 
  underlying issuer of existing shares 
  to which voting rights are attached 
  (ii) : 
                                                             ------------------------------------------------ 
 1b. Please indicate if the issuer is a non-UK issuer (please mark with 
  an "X" if appropriate) 
 Non-UK issuer                                                                                             X 
                                                                                                         ---- 
 2. Reason for the notification (please mark the appropriate box or boxes 
  with an "X") 
 An acquisition or disposal of voting rights                                                               X 
                                                                                                         ---- 
 An acquisition or disposal of financial instruments 
                                                                                                         ---- 
 An event changing the breakdown of voting rights                                                          X 
                                                                                                         ---- 
 Other (please specify)(iii) : 
                                                                                                         ---- 
 3. Details of person subject to the notification obligation (iv) 
 Name                                                         SOMERSTON GROUP LIMITED - Concert 
                                                               Party 
 City and country of registered office                        St. Helier, Jersey 
  (if applicable) 
 4. Full name of shareholder(s) (if different from 3.) (v) 
 Name                                                         Somerston Fintech Limited & Golf 
                                                               Investments Limited (Direct) 
 
                                                               Lexo Investments Limited, Neslo Partners 
                                                               No. 2 Limited & La Hauteur Investments 
                                                               Limited 
                                                               (Indirect) 
                                                             ------------------------------------------------ 
 City and country of registered office                        St. Helier, Jersey 
  (if applicable) 
                                                             ------------------------------------------------ 
 5. Date on which the threshold was                           21/12/2020 
  crossed or reached (vi) : 
                                                             ------------------------------------------------ 
 6. Date on which issuer notified (DD/MM/YYYY):               21/12/2020 
                                                             ------------------------------------------------ 
 7. Total positions of person(s) subject to the notification obligation 
                              % of voting        % of voting rights      Total of both    Total number 
                            rights attached       through financial       in % (8.A +      of voting rights 
                            to shares (total         instruments              8.B)         of issuer (vii) 
                                of 8. A)            (total of 8.B 
                                                     1 + 8.B 2) 
                          ------------------  -----------------------  ----------------  -------------------- 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached                          42.40%                   20.25%            62.65%   489,843,477 
                          ------------------  -----------------------  ----------------  -------------------- 
 Position of 
  previous notification 
  (if 
  applicable) 
                          ------------------  -----------------------  ----------------  -------------------- 
 
 
 
 8. Notified details of the resulting situation on the date on which 
  the threshold was crossed or reached (viii) 
 A: Voting rights attached to shares 
 Class/type of      Number of voting rights                               % of voting rights 
  shares             (ix) 
  ISIN code (if 
  possible) 
                           Direct                    Indirect                      Direct                  Indirect 
                     (Art 9 of Directive        (Art 10 of Directive         (Art 9 of Directive     (Art 10 of Directive 
                         2004/109/EC)               2004/109/EC)            2004/109/EC) (DTR5.1)        2004/109/EC) 
                           (DTR5.1)                  (DTR5.2.1)                                           (DTR5.2.1) 
                                           ---------------------------- 
 Ordinary shares 
  of no par value 
  GB00B0CL3P62                200,349,684   7,325,572                                       40.90%                  1.50% 
                   ----------------------  ----------------------------  -------------------------  --------------------- 
 
 
 SUBTOTAL 8. A                          207,675,256                                           42.40% 
                   ----------------------------------------------------  ------------------------------------------------ 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
  (DTR5.3.1.1 (a)) 
 Type of            Expiration   Exercise/                         Number of voting                  % of voting 
 financial           date         Conversion Period                 rights that may                   rights 
 instrument          (x)          (xi)                              be acquired if 
                                                                    the instrument 
                                                                    is 
                                                                    exercised/converted. 
                   -----------  --------------------------------  --------------------------------  --------------------- 
 
 
                                 SUBTOTAL 8. B 1 
                                --------------------------------  --------------------------------  --------------------- 
 
 B 2: Financial Instruments with similar economic effect according to 
  Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
 Type of       Expiration        Exercise/              Physical or            Number of             % of voting 
 financial      date (x)          Conversion             cash                   voting rights         rights 
 instrument                       Period (xi)            settlement 
                                                         (xii) 
              ----------------  ---------------------  ---------------------  -------------------- 
 Warrants 
  (Direct)     31 Dec 2025       30 days notice         Physical                        94,294,869   19.25% 
              ----------------  ---------------------  ---------------------  -------------------- 
 Warrants 
  (Indirect)   31 Dec 2025       30 days notice         Physical                         4,898,435   1.00% 
              ----------------  ---------------------  ---------------------  -------------------- 
 
                                                        SUBTOTAL 8.B.2                  99,193,304   20.25% 
                                                       ---------------------  -------------------- 
 
 
 
 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is not controlled 
  by any natural person or legal entity and does not control any other 
  undertaking(s) holding directly or indirectly an interest in the 
  (underlying) issuer (xiii) 
 Full chain of controlled undertakings through which the voting rights 
  and/or the 
  financial instruments are effectively held starting with the ultimate 
  controlling natural person or legal entity (xiv) (please add additional 
  rows as necessary) 
     Name (xv)        % of voting rights      % of voting rights       Total of both if 
                        if it equals or        through financial        it equals or is 
                       is higher than the      instruments if it        higher than the 
                      notifiable threshold    equals or is higher     notifiable threshold 
                                              than the notifiable 
                                                   threshold 
                    ----------------------  ---------------------  ------------------------ 
 
 
 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder 
                                            ----------------------------------------------- 
 The number and % of voting rights 
  held 
                                            ----------------------------------------------- 
 The date until which the voting rights 
  will be held 
                                            ----------------------------------------------- 
 
 11. Additional information (xvi) 
 Details of concert party: 
  Somerston Fintech Limited/Golf Investments Limited - 200,349,684 
  Lexo Investments Limited - 2,242,829 
  Neslo Partners No. 2 Limited - 4,932,743 
  La Hauteur Investments Limited - 150,000 
 
  As at the Date of Completion, the warrants specified in Box B 2 have 
  not been exercised in whole or in part. Accordingly, the "Total number 
  of voting rights of issuer" in Box 7 do not account for any issuance 
  of the new voting shares arising from the exercise of the warrants. Once 
  the warrants are exercised in full, assuming no other changes in the 
  interests or number of voting shares in the meantime, the "Total number 
  of voting rights of issuer" in Box 7 will become 589,036,781. On that 
  basis, the ownership of ordinary shares (including arising from the exercised 
  warrants) would represent 52.10%. 
 
 
 
 Place of completion   St. Helier, Jersey 
 Date of completion    22nd December 2020 
                      ------------------- 
 

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