28th Jul 2015 10:16
LONDON (Alliance News) - GLI Finance Ltd Tuesday said it expects to complete its work on listing its zero dividend preference shares and launching a new closed end fund by the end of September.
"We continue to work on the listing of the company's zero dividend preference shares and the launch of a closed end fund focusing on a loan portfolio diversified by geography, size of loan, type of lending and duration," GLI said in a statement.
GLI, which provides finance to smaller businesses in Europe, the UK and the US, also said its portfolio of platforms has now lent GBP444 million across about 6,400 loans since inception, with a 52% increase in average loan size over the past year.
Shares in GLI were up 0.7% at 57.80 pence on Tuesday morning in London.
By Samuel Agini; [email protected]; @samuelagini
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