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GLI Finance(GLIF) Fundamentals

The Investor Betting Big on Alternative Finance

2014 Fourth Interim Dividend

NAV and operational update; exploring the launch of a closed end fund

GLI Finance Limited ("GLI" or the "Company"), a leading provider of finance to small and medium sized enterprises in the UK, US and Europe, is pleased to announce its net asset value ("NAV") as at 31 December 2014 and provide an update on operations.

Net Asset Value

The Company's unaudited NAV per share as at 31 December 2014 was 51.00p, an increase of 5.5% from the unaudited NAV per share of 48.32p as at 30 September 2014. The increase was driven by an uplift in the valuation of the Company's shareholdings in its platforms.

Further investments in platforms and transition to trading company

During the final quarter of 2014, GLI completed two investments in platforms and a significant acquisition, as part of its strategy of becoming a global provider of SME finance and, ultimately, its transition to a trading company. These were:

· October 2014 - UK Bond Network, the UK's first peer to peer bond platform;
· November 2014 - Ovamba, the Africa focused alternative finance platform; and
· December 2014 - Sancus, an offshore secured lending business focused on Channel Islands-based entrepreneurs, SMEs, high net worth individuals and professionals

In particular, the acquisition of Sancus now provides GLI with an in-house underwriting and origination capability and the further investments provide further lending diversity by duration, geography and asset type.

The Company has established a highly experienced management team, with a further executive appointment during the final quarter, Andrew Whelan joining the Board as GLI's Director of Lending. All critical functions have now been internalised.

The Company has also applied to the Guernsey Financial Services Commission to change its status from Closed-end Fund to Non-regulated Financial Services Business.

Exploring the launch of a closed end fund

In the light of recent developments in the marketplace, the Board is also exploring the possible flotation of an independent investment company (the "Fund"), which would be managed by GLI and invest in a diversified portfolio of loans originated principally by the Company's family of lending businesses. The Fund's aim would be to provide investors with access to the fast expanding alternative finance market, leveraging GLI's unique position in terms of its experience, knowledge and day to day involvement in the alternative finance sector. The Fund would target a high single digit yield for investors, whilst providing GLI with further scaleable origination capability.


N+1 Singer Advisory LLP has been appointed to assist the Fund with this process.


.-Ends-

I"m in. Possible company separation looks good. Easy company to understand,P2P lending fully insured. 5p dividend (1.25p paid QUARTERLY] . Good chart. Share price62p nav 51p. All very positive.

Proposed Placing

Highlights

· Placing of up to 34,500,000 Placing Shares at 58 pence per Placing Share. The Placing is being conducted through an accelerated bookbuild managed by Panmure Gordon (UK) Limited.

· Placing Price of 58 pence per share represents a discount of 7.4 per cent. to the closing mid-market price on 20 February 2015 (being the latest practicable date prior to the date of this Announcement) and a premium of 13.7 per cent. to the Company's unaudited NAV per Share as at 31 December 2014.

· Proceeds of the Placing will be used to provide additional development capital for the Group's platform investments and enable expansion of the lending activities of GLI's family of platform businesses.

The Placing is conditional, inter alia, on approval by Shareholders at an Extraordinary General Meeting to be held on or around 16 March 2015 and on the Admission of the Placing Shares to trading on AIM.

more..

Looks like a done deal at 58p. Onwards and upwards.

This maybe of interest - IPO to target 8% dividend yield

Publication of shareholder circular and Notice of Extraordinary General Meeting

Disposal of FOIF holding

GLI Finance Limited, a leading provider of finance to small and medium sized enterprises in the UK, US and Europe, announces that on 4 March 2015 it sold its entire holding of 34,298,425 ordinary shares in Fair Oaks Income Fund Limited at a price of $0.9425 per share, raising gross proceeds of approximately $32.3 million.

Panmure Gordon Buy 62.25 72.00 72.00 Retains

Very cash positive with the placing and this sale. The company must have something in mind? The next announcements will be interesting.

Small investment in solar platform. Foothold in U.S.

Budget 2015: Will tax-free peer-to-peer lending get the go-ahead?

Result of EGM

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.

Full year results up to december look disappointing,but this is a completely different company since then. Revenues are down reflecting the transition of the company. Dividend to be maintained at 1.25p,[paid QUARTERLY ex/d 29/4] about 8%.Chance to buy in under pre-placing 58p.

GLI Finance Limited increases investment in TradeRiver Finance

FUNDING BRITAIN'S GROWTH

2015 First Interim Dividend & NAV Update

Ex-dividend 30th April 1.25p.

AGM Statement

Ex-div and a bit more today. The share price is dripping away again. Disappointing.