REG - GLI Finance Limited - TR-1: Notification of Major Holdings

Sancus LendingAnnouncement

23/12/2020 11:35

RNS Number : 6992J
  
GLI Finance Limited
  
23 December 2020
  
 

TR-1: Standard form for notification of major holdings
 



NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i










1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: 


GLI FINANCE LIMITED




1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)




Non-UK issuer


X




2. Reason for the notification (please mark the appropriate box or boxes with an "X")




An acquisition or disposal of voting rights


X




An acquisition or disposal of financial instruments








An event changing the breakdown of voting rights


X




Other (please specify)iii:








3. Details of person subject to the notification obligationiv




Name


SOMERSTON GROUP LIMITED - Concert Party




City and country of registered office (if applicable)


St. Helier, Jersey




4. Full name of shareholder(s) (if different from 3.)v




Name


Somerston Fintech Limited & Golf Investments Limited (Direct)
 
Lexo Investments Limited, Neslo Partners No. 2 Limited & La Hauteur Investments Limited

(Indirect)




City and country of registered office (if applicable)


St. Helier, Jersey




5. Date on which the threshold was crossed or reachedvi:


21/12/2020




6. Date on which issuer notified (DD/MM/YYYY):


21/12/2020




7. Total positions of person(s) subject to the notification obligation








% of voting rights attached to shares (total of 8. A)


% of voting rights through financial instruments

(total of 8.B 1 + 8.B 2)


Total of both in % (8.A + 8.B)


Total number of voting rights of issuervii




Resulting situation on the date on which threshold was crossed or reached


42.40%


20.25%


62.65%


489,843,477




Position of previous notification (if 
applicable)




























 



8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii




A: Voting rights attached to shares




Class/type of

shares
ISIN code (if possible)


Number of voting rightsix


% of voting rights




Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)


Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)


Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)


Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)




Ordinary shares of no par value

GB00B0CL3P62


200,349,684


7,325,572


40.90%


1.50%
















































SUBTOTAL 8. A


207,675,256


42.40%




 
 




B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))




Type of financial instrument


Expiration

datex


Exercise/

Conversion Periodxi


Number of voting rights that may be acquired if the instrument is 
exercised/converted.


% of voting rights
























































SUBTOTAL 8. B 1












 
 




B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))




Type of financial instrument


Expiration

datex


Exercise/

Conversion Period xi


Physical or cash 
settlementxii


Number of voting rights 


% of voting rights




Warrants

(Direct)


31 Dec 2025


30 days notice


Physical


94,294,869


19.25%




Warrants

(Indirect)


31 Dec 2025


30 days notice


Physical


4,898,435


1.00%










































SUBTOTAL 8.B.2


99,193,304


20.25%




 
 
 















 




 
 



9. Information in relation to the person subject to the notification obligation (please mark the 
applicable box with an "X")




Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii








Full chain of controlled undertakings through which the voting rights and/or the

financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)








Namexv


% of voting rights if it equals or is higher than the notifiable threshold


% of voting rights through financial instruments if it equals or is higher than the notifiable threshold


Total of both if it equals or is higher than the notifiable threshold
































































10. In case of proxy voting, please identify:




Name of the proxy holder








The number and % of voting rights held








The date until which the voting rights will be held














11. Additional informationxvi




Details of concert party:
Somerston Fintech Limited/Golf Investments Limited - 200,349,684
Lexo Investments Limited - 2,242,829
Neslo Partners No. 2 Limited - 4,932,743
La Hauteur Investments Limited - 150,000
 
As at the Date of Completion, the warrants specified in Box B 2 have not been exercised in whole or in part.  Accordingly, the "Total number of voting rights of issuer" in Box 7 do not account for any issuance of the new voting shares arising from the exercise of the warrants. Once the warrants are exercised in full, assuming no other changes in the interests or number of voting shares in the meantime, the "Total number of voting rights of issuer" in Box 7 will become 589,036,781. On that basis, the ownership of ordinary shares (including arising from the exercised warrants) would represent 52.10%.
 










 



Place of completion


St. Helier, Jersey




Date of completion


22nd December 2020



 
 

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