StockMarketWire.com - GLI Finance's acquisition of Sancus Limited and Sancus (Guernsey) Limited from Sancus Holdings Limited legally completed yesterday.

GLI Finance said it issued, at completion, 31,415,930 ordinary shares and 20,000,000 ZDP shares to SHL in consideration for the acquisition.

SHL will, on admission, hold a legal and beneficial interest in 31,415,930 Ordinary Shares, representing 18.2% of the company's enlarged issued share capital.

GLI Finance also said that SHL chief executive Andrew Whelan had been appointed to the company's board.




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