GLI Finance announces tender offer for ZDP shares
18th Feb 2020 12:06
(Sharecast News) - GLI Finance said on Tuesday that, as part of the zero-dividend preference (ZDP) share continuation proposals approved by shareholders in November, it intended to make a cash tender offer for a proportion of its redeemable ZDP shares.
Read moreGLI Finance expects FY loss due to weakness in core business
4th Feb 2020 09:46
(Sharecast News) - GLI Finance warned on Tuesday that it expects to report a full-year operating loss due to weakness in its core business, Sancus BMS.
Read moreGLI Finance shutters loss-making supply chain unit
8th Feb 2019 10:49
(Sharecast News) - GLI Finance announced on Friday that it will close its loss-making supply chain finance unit in order to focus on its asset-backed lending offering.
Read moreGLI Finance swings to loss amid strategic review
26th Sep 2016 14:40
(ShareCast News) - GLI Finance posted its unaudited interim results for the six months to 30 June on Monday, with losses for the period of £6.9m, compared to a £5.3m profit in the first half of 2015. The AIM-traded company's board said earnings were impacted by £13m of write-downs in investments in
Read moreGLI Finance issues 23m new shares
9th Aug 2016 16:08
(ShareCast News) - GLI Finance announced that it had placed 23m new ordinary shares at 31p to raise £7.1m. GLI Finance's alternative finance platforms were focused on delivering financial solutions to small and medium enterprises (SMEs). The placing was fully underwritten by Golf Investments, a mem
Read moreGLI Finance realises FundingKnight acquisition dream
28th Jun 2016 14:32
(ShareCast News) - GLI Finance realised its previously failed goal of acquiring peer-to-peer lender FundingKnight on Tuesday, after the business fell into administration. The AIM-traded company had announced in its strategic review on 16 February that it had not been possible to agree a way forward
Read moreGLI Finance appoints permanent CEO as NAV drops
16th Feb 2016 12:54
(ShareCast News) - It was a case of some good news, some bad news at GLI Finance on Tuesday, with the good news being the company had decided to appoint its interim CEO - Andy Whelan - as permanent chief executive. The board of directors at the AIM-traded SME alternative finance investor said it had
Read moreGLI Finance to launch first French online working capital financing platform
13th Nov 2014 09:49
GLI Finance, a loan business quoted on AIM, has raised $22.5m of funds required for a 26.44% stake in new French financing platform Finexkap. Other investors in the platform include Finsight, a globally focused Fintech investment fund which includes partner, former chief operating officer and board
Read moreUtilitywise non-exec buys three million pound stake
22nd Jan 2014 16:23
A Non-Executive Director of Utilitywise, a cost management consultancy, on Tuesday acquired just over three million pounds-worth shares in the group. Jeremy Middleton, who co-founded emergency repairs business HomeServe, bought 1.15m shares at 260.22p a piece, significantly upping his stake to a t
Read more