GLI Finance Limited Grant of Options (8853R)
September 26 2017 - 11:30AM
UK Regulatory
TIDMGLIF
RNS Number : 8853R
GLI Finance Limited
26 September 2017
26 September 2017
GLI Finance Limited
("GLI " or the "Company")
Grant of Options
The Company announces that it has granted a total of 10,000,000
options over ordinary shares of no par value (the "Options") to
Andrew Whelan, Chief Executive Officer and Director of the Company,
Emma Stubbs, Chief Financial Officer and Director of the Company
and Aaron Le Cornu, Chief Operating Officer.
Number of options Total number of
granted options over ordinary
shares now held
---------------- ------------------ -----------------------
Andrew Whelan 5,000,000 5,000,000
---------------- ------------------ -----------------------
Emma Stubbs 2,000,000 2,000,000
---------------- ------------------ -----------------------
Aaron Le Cornu 3,000,000 3,000,000
---------------- ------------------ -----------------------
The Options have been granted under a new Long Term Incentive
Scheme which was approved by shareholders of the Company at the
Annual General Meeting on 10 May 2017. The Options will vest in
three equal traches on the first, second and third anniversaries of
the grant, with exercise prices of 25p, 30p and 35p, respectively.
The Options are not subject to performance conditions.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1. Details of the person discharging managerial
responsibilities / person closely associated
---- -----------------------------------------------------------------------------------------------------
a) Name Andrew Whelan Emma Stubbs Aaron Le Cornu
---- -------------------------- ----------------------- ----------------------- -----------------------
2. Reason for the Notification
---- -----------------------------------------------------------------------------------------------------
a) Position/status Chief Executive Chief Financial Chief Operating
Officer Officer Officer
---- -------------------------- ----------------------- ----------------------- -----------------------
b) Initial Initial notification Initial notification Initial notification
notification/
Amendment
---- -------------------------- ----------------------- ----------------------- -----------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- -----------------------------------------------------------------------------------------------------
a) Name GLI Finance GLI Finance GLI Finance
Limited Limited Limited
---- -------------------------- ----------------------- ----------------------- -----------------------
b) LEI 213800S2XOO3YSEGCA26 213800S2XOO3YSEGA26 213800S2XOO3YSEGCA26
---- -------------------------- ----------------------- ----------------------- -----------------------
4. Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
---- -----------------------------------------------------------------------------------------------------
a) Description Ordinary shares Ordinary shares Ordinary shares
of the in GLI Finance in GLI Finance in GLI Finance
Financial
instrument,
type
of instrument
----
Identification ISIN: GB00B0CL3P62 ISIN: GB00B0CL3P62 ISIN: GB00B0CL3P62
code
---- -------------------------- ----------------------- ----------------------- -----------------------
b) Nature Grant of options Grant of options Grant of options
of the
transaction
---- -------------------------- ----------------------- ----------------------- -----------------------
c) Price(s) Price Volume Price Volume Price Volume
and volume(s)
---- -------------------------- -------- ------------- --------- ------------ -------- -------------
25p 1,666,667 25p 666,667 25p 1,000,000
------------------------------- -------- ------------- --------- ------------ -------- -------------
30p 1,666,667 30p 666,667 30p 1,000,000
-------- ------------- --------- ------------ -------- -------------
35p 1,666,666 35p 666,666 35p 1,000,000
------------------------------- -------- ------------- --------- ------------ -------- -------------
d) Aggregated See 4c) above See 4c) above See 4c) above
information:
* Aggregated volume 5,000,000 2,000,000 3,000,000
* Price 25, 30, 35p 25, 30, 35p 25, 30, 35p
---- -------------------------- ----------------------- ----------------------- -----------------------
e) Date 26 September 26 September 26 September
of the 2017 2017 2017
transaction
---- -------------------------- ----------------------- ----------------------- -----------------------
f) Place Guernsey Guernsey Guernsey
of the
transaction
---- -------------------------- ----------------------- ----------------------- -----------------------
For further information, please contact:
GLI Finance Limited
Andy Whelan +44 (0)1534 708900
Liberum Capital Limited
(Nominated Adviser and
Corporate Broker)
Steve Pearce +44 (0) 207 100 2000
Chris Clarke
Jonathan Wilkes-Green
Instinctif Partners (PR
Advisor)
Tim Linacre/Ambrose Fullalove +44 (0)207 457 2020
About GLI Finance
GLI is an AIM listed innovative alternative finance business,
which owns a niche SME lender, Sancus BMS that operates in 6
jurisdictions - UK, Ireland, Jersey, Guernsey, Gibraltar and the
Isle of Man, and a portfolio of emerging FinTech SME-focussed
lending platforms that are located on 3 continents.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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