GLI Finance Limited 2016 Fourth Interim Dividend (5356X)
February 22 2017 - 3:59AM
UK Regulatory
TIDMGLIF
RNS Number : 5356X
GLI Finance Limited
22 February 2017
22 February 2017
GLI Finance Limited (the "Company" or "GLI")
2016 Fourth Interim Dividend.
The Board has declared a fourth interim dividend for 2016
covering the period from 1 October 2016 to 31 December 2016. The
attention of Qualifying CREST Shareholders is drawn to the change
noted in the penultimate paragraph, below.
Distribution period: 1 October 2016 to
31 December 2016
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Distribution amount per 0.625 pence
share:
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Ex-dividend date: 2 March 2017
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Dividend record date: 3 March 2017
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Deadline to elect/revoke 5.00 p.m. on 31 March
elections: 2017
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Payment date/Allotment 21 April 2017
of scrip:
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Scrip alternative in Yes
operation:
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The scrip dividend alternative is being offered for this
distribution to those investors who wish to receive additional
shares in the capital of GLI in lieu of a cash payment. A circular
will be sent to shareholders explaining the terms of the scrip
dividend alternative. It is intended that the circular together
with scrip dividend election forms (for those shareholders holding
shares in certificated form) will be mailed on or around 9 March
2017 to all eligible GLI shareholders on the register as at the
record date for the dividend, being 3 March 2017. The circular will
also be made available on the Company's website www.glifinance.com.
Elections for the scrip dividend alternative will need to be
received by the Company's receiving agent, Capita Asset Services,
by 5.00 p.m. on 31 March 2017 by those investors who wish to
receive shares in lieu of cash.
The price at which the scrip dividend shares will be issued will
be calculated in accordance with the terms of the circular by
reference to the average of the Closing Price on the ex-dividend
date being 2 March 2017 and the four subsequent dealing days.
Qualifying CREST Shareholders please note that if you have
previously given a Scrip Dividend Mandate this mandate has been
cancelled and that you are now required to elect for the Scrip
Dividend Alternative each and every payment that this option is
made available.
Note: The times and dates in this announcement are expected
times and dates only and are subject to change. Any such changes
will be notified to shareholders through a regulatory information
service.
Closing Price refers to the closing middle market price of a GLI
share on a particular dealing day as derived from Bloomberg.
For further information, please contact:
GLI Finance Limited
Andy Whelan
+44 (0)1534 708900
Liberum Capital (Nominated Adviser and Broker)
Steve Pearce
Chris Clarke
Jonathan Wilkes-Green
+44 (0) 207 100 2000
Instinctif Partners (PR Advisor)
Tim Linacre/Nick Woods
+44 (0)207 457 2020
About GLI Finance
GLI 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 (tickers GLIF and GLIS (Ord) and GLIZ (2019 ZDP)). Loans
are provided to SMEs through a variety of finance platforms in
which GLI has an equity stake.
The platforms in which GLI Finance is invested vary by
geography, industry, size of lending and by type of lending. They
include UK and US SME Lending, Offshore Lending, UK and European
Invoice Discounting, Supply Chain Finance, Global Trade Finance and
UK Property-Backed Lending.
This information is provided by RNS
The company news service from the London Stock Exchange
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February 22, 2017 03:59 ET (08:59 GMT)