Business
Completion of Share Sale
Completion of Share Sale.
About this update from Sancus Lending Group Limited
[{"type":"text","content":"\n \nRNS Number : 0685Z GLI Finance Limited 24 May 2016 \n\n24 May 2016\n \nGLI Finance Limited\n(\"GLI\" or the \"Company\")\n \nCompletion of Share Sale\n \nThe Company is pleased to announce that, following the receipt of regulatory approval, the sale by the Company of 50% of its stake in Amberton Asset Management Limited (formerly GLI Asset Management Limited) completed yesterday. The sale to Golf Investments Limited, a subsidiary of the Somerston Group, was previously outlined in the Company's announcement dated 21 December 2015.\n \nGLI and Somerston look forward to creating a successful partnership, which will seek to develop the Amberton brand and assist the growth of GLI Alternative Finance plc, a closed end fund in which the Company and Somerston hold interests of 47.99% and 27.96% of the issued share capital respectively.\n \n \n \nFor further information, please contact:\n \nGLI Finance Limited\nAndy Whelan\n+44 (0)1534 708900\n \nPanmure Gordon (Nominated Adviser and Corporate Broker)\nDominic Morley\n+44 (0)20 7886 2954\nPeter Steel\n+44 (0)113 357 1152\nCharles Leigh Pemberton\n+44 (0)20 7886 2906\n \nInstinctif Partners (PR Advisor)\nTim Linacre/Nick Woods\n+44 (0)207 457 2020\n \n \nAbout GLI Finance\n \nGLI Finance (www.glifinance.com) is a specialist provider of finance to small and medium sized enterprises. Its ordinary shares are quoted on the AIM and its issued zero dividend preference shares are listed and traded on the main market of the London Stock Exchange (ticker GLIF (Ord) and GLIZ (2019 ZDP)). The loans are provided to SMEs through a variety of finance platforms in which GLI Finance has an equity stake.\n \nThe platforms in which GLI Finance is invested vary by geography, industry, size of lending and by type of lending. They include Global trade Finance, UK and US SME Lending, Offshore Lending, UK invoice discounting, European invoice discounting, Global multi-asset crowd funding and UK property-backed lending.\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END DISSELEFDFMSEDI\n ","length":3017,"tagName":"div"}]