Business
Notice of AGM
Notice of AGM.
About this update from Sancus Lending Group Limited
[{"type":"text","content":"\n \nRNS Number : 5005W GLI Finance Limited 27 April 2016 \n\n27 April 2016\nGLI Finance Limited (\"GLI\" or \"the Company\")\n \nNotice of AGM and Reclassification of GLI's Investing Company status under the AIM Rules\nThe Board of GLI confirms that a circular (\"Circular\") including Notice of AGM together with related Form of Proxy and printed copies of the Company's Annual Report for the year-ended 31 December 2015 have today been posted to Ordinary Shareholders. The AGM is to be held at 2.00 p.m. on 19 May 2016 at the Company's registered office, Sarnia House, Le Truchot, St. Peter Port, Guernsey GY1 1GR. \nThe Circular includes a letter to Ordinary Shareholders (as summarised below) from Patrick Firth, GLI's Non-Executive Chairman, in which the Board outlines its proposals, subject to Ordinary Shareholder approval at the AGM, for the Company to be no longer classified as an Investing Company under the AIM Rules. \nThe Circular and Notice of AGM is available to view on the Company's website http://www.glifinance.com/.\n \nEnquiries:\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 \n1. Introduction\n \nThe Board is proposing that the Company is no longer classified as an Investing Company under the AIM Rules. The Board believes that the Company has, over recent years, increasingly exhibited the characteristics of a trading company and the Board is of the view that it is no longer appropriate for the Company to retain its status as an Investing Company. As such, the Board is proposing that the Company be treated as an operating company under the AIM Rules (\"the Reclassification\"). \nThe Reclassification requires the approval of Ordinary Shareholders. Accordingly, the Board has posted a Circular to Shareholders providing details of the background to and reasons for the Reclassification and why the Board considers that the Reclassification is in the best interests of the Company and its Shareholders as a whole. The Board unanimously rec...