REG - GLI Finance Limited - Appointment of Independent Non-Executive Director

Sancus LendingAnnouncement

11/05/2021 18:10

RNS Number : 2913Y
  
GLI Finance Limited
  
11 May 2021
  
 

11 May 2021
 
Sancus Lending Group Limited
(formerly, GLI Finance Limited)
(the "Company")
 
Appointment of Independent Non-Executive Director
 
The Company is pleased to announce the appointment of Mr Stephen Smith as an independent non-executive director to the Board with immediate effect. Mr Smith has also been appointed as a member of the Company's Audit and Risk Committee and the Remuneration and Nomination Committee with immediate effect.  
Mr Smith was formerly an Executive Director and the Chief Investment Officer of The British Land Company plc, a real estate investment trust and constituent of the FTSE 100 at the time, with responsibility for the group's property and investment strategy, standing down in 2013. Prior to this, Mr Smith was Global Head of Asset Management and Transactions at AXA Real Estate Investment Managers, where he was responsible for the asset management of a portfolio of assets valued at more than €40 billion on behalf of life funds, listed property vehicles, unit linked and closed end funds. Prior to joining AXA in 1999, Mr Smith was Managing Director at Sun Life Properties for over five years. Over the last decade, Mr Smith has worked extensively in governance related roles for a number of real estate focused organisations. 
Patrick Firth, Non-Executive Chairman of the Company, said: "We are delighted to welcome Stephen to the Board and believe that his skills, background and experience in the property sector will complement the skillsets of the existing directors, in addition to being firmly aligned with the Company's core business activities and the future strategic direction of the Group. We are confident that Stephen will be a positive addition to the Company."
 
Mr Smith commented, "The Company has a well structured approach to lending with the potential to benefit from a reduction in the appetite for real estate exposure amongst traditional balance sheet lenders. I am very much looking forward to working with the Company."
 
Mr Stephen Paul Smith (age 67) is currently a director of, or during the past five years has been a director of, the following companies:
 



Current Directorships


Previous directorships (past five years)




NETWORK RAIL PROPERTY LIMITED


ALTERNATIVE INCOME LIMITED




EVER 1855 LIMITED


ALTERNATIVE INCOME REIT PLC




NORTH EAST PROPERTY PARTNERSHIP LIMITED


CROSSBELT LIMITED




RUBICON SECURITIES LIMITED 


GATEHOUSE BANK PLC




STARFIN PUBLIC HOLDCO 1 LIMITED 


SUNDRIDGE PARK GOLF CLUB LIMITED




STARFIN PUBLIC HOLDCO 2 LIMITED 


TRITAX BIG BOX REIT PLC




STARWOOD EUROPEAN REAL ESTATE FINANCE LIMITED 


SIGMA PRS INVESTMENTS (BAYTREE II) LIMITED




THE POLLEN ESTATE TRUSTEE COMPANY LIMITED


SIGMA PRS INVESTMENTS (CABLE STREET II) LIMITED




THE PRS REIT PLC


SIGMA PRS INVESTMENTS (CARR LANE II) LIMITED




UK LAND ESTATES (PARTNERSHIP) LIMITED


SIGMA PRS INVESTMENTS (DARLASTON II) LIMITED




UK LAND ESTATES PARTNERSHIP (HOLDINGS) LIMITED


SIGMA PRS INVESTMENTS (DARLASTON PHASE 2 II) LIMITED




UKLEP (2003) LIMITED


SIGMA PRS INVESTMENTS (NEWTON LE WILLOWS II) LIMITED








SIGMA PRS INVESTMENTS (OUR LADY'S) LIMITED








SIGMA PRS INVESTMENTS (SUTHERLAND SCHOOL II) LIMITED








SIGMA PRS INVESTMENTS (WHITWORTH WAY II) LIMITED








SIGMA PRS INVESTMENTS I LIMITED








SIGMA PRS INVESTMENTS II LIMITED








SIGMA PRS INVESTMENTS III LIMITED








SIGMA PRS INVESTMENTS IV LIMITED








SIGMA PRS INVESTMENTS IX LIMITED








SIGMA PRS INVESTMENTS V LIMITED








SIGMA PRS INVESTMENTS VI LIMITED








SIGMA PRS INVESTMENTS VII LIMITED








SIGMA PRS INVESTMENTS VIII LIMITED








THE PRS REIT (LBG) BORROWER LIMITED 








THE PRS REIT (LBG) HOLDING COMPANY LIMITED








THE PRS REIT (LBG) MEMBERCO LIMITED








THE PRS REIT (SW II) BORROWER LIMITED








THE PRS REIT (SW II) HOLDING COMPANY LIMITED








THE PRS REIT (SW II) MEMBERCO LIMITED








THE PRS REIT (SW) BORROWER LIMITED








THE PRS REIT (SW) HOLDING COMPANY LIMITED








THE PRS REIT (SW) MEMBERCO LIMITED








THE PRS REIT DEVELOPMENT COMPANY LIMITED








THE PRS REIT HOLDING COMPANY LIMITED








THE PRS REIT MEMBERCO LIMITED 








ALTERNATIVE INCOME REIT HOLDCO LIMITED








M7 MULTI-LET REIT PLC



 
 
In addition to the above directorships, Mr Smith is currently a designated member of The Norman Retail Park LLP. 
Mr Smith does not currently hold any shares in the Company.
Save as set out in this announcement, there are no further details required to be disclosed pursuant to AIM Rule 17 or paragraph (g) of Schedule 2 to the AIM Rules in respect of Mr Smith.
 
For further information, please contact: 
 
Sancus Lending Group Limited
Andy Whelan
+44 (0)1534 708900
 
Liberum Capital (Nominated Adviser and Corporate Broker)
Chris Clarke
Edward Thomas
+44 (0) 20 3100 2190
 
Instinctif Partners (PR Advisor)
Tim Linacre/Lewis Hill
+44 (0)207 457 2020
 
Praxis Fund Services (Company Secretary)
Matt Falla
Katrina Rowe
+44 (0)1481 755530
 
LEI: 213800S2XOO3YSEGCA26
 
 
 

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