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GLI Finance (GLIF)     

skinny - 16 Mar 2015 14:58 - 64 of 122

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.

humpback321 - 26 Mar 2015 10:07 - 65 of 122

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.

skinny - 16 Apr 2015 17:36 - 67 of 122

FUNDING BRITAIN'S GROWTH

skinny - 22 Apr 2015 07:05 - 68 of 122

2015 First Interim Dividend & NAV Update

skinny - 24 Apr 2015 14:44 - 69 of 122

Ex-dividend 30th April 1.25p.

skinny - 30 Apr 2015 14:46 - 70 of 122

AGM Statement

Lord Gnome - 30 Apr 2015 18:54 - 71 of 122

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

skinny - 01 May 2015 07:29 - 72 of 122

I sold @58p recently in order to add to my PEW holding - I had a limit order in yesterday to buy these back @56p but pulled it.

The best I was quoted was 55.95 to buy, but I'll hold fire short term for now.

skinny - 02 Jun 2015 16:54 - 74 of 122

Island reversal?

Chart.aspx?Provider=EODIntra&Code=GLIF&S

skinny - 03 Jun 2015 10:23 - 75 of 122

Looks like it possibly was!

skinny - 30 Jun 2015 11:48 - 76 of 122

May be of interest - Crowdfunding and Peer-Peer Lending

skinny - 22 Jul 2015 07:11 - 77 of 122

2015 Second Interim Dividend

skinny - 28 Jul 2015 07:19 - 78 of 122

Notice of interim results and business update

28 July 2015

GLI Finance Limited ("GLI" or "the Company"), a leading provider of finance to small and medium sized enterprises in the UK, US and Europe, announces that its interim results for the six months ended 30 June 2015 are expected to be released on 28 September 2015.

We continue to work on the listing of the Company's zero dividend preference shares and the launch of a closed end fund focusing on a loan portfolio diversified by geography, size of loan, type of lending and duration. Both initiatives are expected to be completed by the end of September 2015.

Business update

The Company's portfolio of platforms continues to make good progress and the platforms have now lent £444 million across approximately 6,400 loans since inception, with the average loan size growing significantly over the past year.

skinny - 05 Aug 2015 12:09 - 79 of 122

This may be of interest - Crowdfunding and Peer-Peer Lending

humpback321 - 05 Aug 2015 12:24 - 80 of 122

Patiently holding. Collecting quarterly divs.

skinny - 28 Aug 2015 15:06 - 81 of 122

Net Asset Value

The Company's unaudited NAV per share as at 30 June 2015 was 52.48p, a decrease of 3.81% from the NAV per share of 54.56p as at 31 March 2015.

Further details of GLI's NAV per share as at 30 June 2015 are available to view on the Company website www.glifinance.com under the Portfolio Statistics Report in the Investor Relations section.

Further details on the performance of the Company will be provided when the audited Interim Results are published on 28 September 2015.

skinny - 22 Sep 2015 07:43 - 82 of 122

Launch of a closed end fund

GLI Finance Limited ("GLI"), a leading provider of finance to small and medium sized enterprises in the UK, US and Europe, announces that it has successfully launched GLI Alternative Finance plc ("GLIAF"), a closed end fund focusing on a loan portfolio diversified by geography, asset class, duration and security.

GLIAF intends to achieve its investment objective by investing in a range of loans originated principally through the investee platforms in which GLI holds strategic equity investments. GLIAF may also make investments through other third party alternative lending platforms that present suitable investment opportunities.

GLIAF raised aggregate gross proceeds of £52.7 million pursuant to the issue, as described in the prospectus published by GLIAF on 1 September 2015, under which a portfolio of loans has been transferred by GLI to GLIAF in consideration for the issue to GLIF of 40,270,763 shares in GLIAF. Applications have been made for admission of the Ordinary Shares to trading on the Specialist Fund Market of the London Stock Exchange and admission is expected to take place at 8.00 a.m. on 23 September 2015.

-ENDS-

skinny - 28 Sep 2015 09:16 - 83 of 122

Audited Interim Results for the six month period ended 30 June 2015

Financial Highlights

· NAV growth of 2.9% during the period with NAV per share of 52.48p as at 30 June 2015 (31 December 2014: 51.00p).

· Annualised ROE of 16.26% at the top end of GLI's 10-15% target range.

· The value of new loans originated through GLI's platforms increased by 120% in the twelve months ended 30 June 2015 compared to the twelve months ended 30 June 2014.

· The GLI portfolio has increased by 35% between 31 December 2014 and 30 June 2015 from £106.9 to £144.6m. The increase is made up of a 24% increase in equity values held in SME platforms and a 139% increase in loans made to SMEs.

· 2.5p dividend paid (2.5p paid for the comparable period last year)


Operational and investment highlights

· In the period GLI made four new investments in SME finance companies, in accordance with its stated strategy. These were:

o Trade River USA, a non-bank online funding solution which finances trade, both cross-border and in the US

o MytripleA, a Spanish business finance platform meeting both the short-term and long-term financing needs of Spanish SMEs

o Open Energy Group, a financing platform for US commercial and small utility-scale solar projects.

o Funding Options, a UK on-line credit broker that matches lenders with borrowers and acts as a one-stop-shop for business finance

· On 30 June 2015, the 100% GLI owned subsidiary, GLI Asset Management Ltd ("GLIAM") secured its Protection of Investors ("POI") asset management license from the Guernsey Financial Services Commission ("GFSC") enabling GLIAM to manage collective investment schemes and general securities and derivatives. 'GLI Alternative Finance plc' (GLIAF), a closed end fund, was launched on 23 September 2015.

· GLI changed its regulatory status with the GFSC in the period from Authorised Collective Investment Scheme, re-registering as a Non-regulated Financial Services Business in March 2015.

· The Company headcount including the executive team has increased from seven employees at 31 December 2014 to nine at 30 June 2015. This increase and further additions since June 2015 are due to more resources being brought in-house and the expansion of the asset management business.


Geoff Miller, CEO said:
"GLI has continued its rapid transformation into a leading player within the SME finance sector globally. As a unique listed business we are the diversified play in a sector, which is beginning to attract a great deal of attention.

The focus for GLI for the remainder of 2015 is on completing the balance sheet transition, to better underpin and at least maintain the dividend, and on growing the existing platforms organically and potentially by acquisition.

We now have very significant origination potential, and this provides the wherewithal to potentially build a significant asset management business, that would be immediately accretive to shareholders.

In summary, we have spent the past three years positioning the business to take advantage of the alternative finance sector's growth dynamics and we should see real progress over the coming months, as we continue to capitalise on the growth opportunities in our markets.

GLI has a unique range of 19 SME finance platforms that span asset class and geography. We are now entering a phase of scaling these platforms significantly so that they can lend to a greater number of businesses and help GLI deliver enhanced returns for its shareholders."
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