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.