10th May 2019 17:43
LONDON (Alliance News) - GLI Finance Ltd said Friday its largest investor, Jersey-based Somerston Group, has appointed Nicholas Wakefield to the company's board.
Wakefield is an investment director at Somerston Group and a managing director for Somerston Asset Management. GLI said he has 20 years experience in private and public investments.
Wakefield said: "Somerston wishes to extend its support to the company by taking up our board seat. I look forward to working more closely with the company."
GLI Non-Executive Chair Patrick Firth added: "I am delighted that Somerston have decided to take up their board seat and welcome Nick to the board. I am confident that Nick will be a valuable addition to the board".
Somerston holds a 26% interest in GLI.
Shares GLI Finance closed down 2.1% Friday at 4.70 pence each.
Related Shares:
GLIF.L