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OPINION

Funded for growth

Funded for growth
November 19, 2014
Funded for growth
59.25p

The most significant of which is this week’s announcement of the proposed acquisition of Sancus Limited, a finance company in which GLI currently holds a 7.4 per cent stake, for a total consideration of £37.75m. This will be funded by the issue of £17.75m of new GLI shares at a price of 56.5p each and £20m of zero dividend preference shares. Sancus is an offshore alternative secured lending business, which makes loans to Channel Islands-based entrepreneurs, small, medium-sized enterprises (SMEs), high net worth individuals and professionals.

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