Edison Investment Research - GLI Finance (GLIF) Update: Balance sheet strengthening

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Edison Investment Research

Update: Balance sheet strengthening

As expected, GLI Finance (GLI) has announced measures to improve its balance sheet and help it to continue paying a 5p per share annual ordinary dividend and possibly provide additional funds to grow its loan book. GLI will seek shareholder approval to issue Â£20-40m of new zero dividend preference shares maturing in 2020 (2020 ZDP shares) and a potential issue of convertible unsecured bonds (CULS) to replace an existing loan facility. The EGM will take place on 21 December 2015 and the listing of the 2020 zeros on 22 December 2015.

04/12/2015 6 EN

Underlying

GLI Finance

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GB00B0CL3P62 London Stock Exchange Guernsey

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Update: Balance sheet strengthening

LIBERUM: Morning Comment

LIBERUM: UK Small & Mid Cap Dispatches

LIBERUM: Sancus Lending Group Limited* - Pivot to profitability in FY 24

Information Services Corporation - Strong underlying growth, guidance reiterated

PVA TePla - Material matters

Zalaris - Continuing contract momentum in FY24

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