- GLI Finance's unaudited net asset value per share at 31 December was 51.00p, an increase of 5.5% from the unaudited NAV per share of 48.32p at 30 September.

The increase was driven by an uplift in the valuation of the company's shareholdings in its platforms.

During the final quarter of 2014, GLI completed two investments in platforms and a significant acquisition, as part of its strategy of becoming a global provider of SME finance and, ultimately, its transition to a trading company. These were:

· October - UK Bond Network, the UK's first peer to peer bond platform;

· November - Ovamba, the Africa focused alternative finance platform; and

· December - Sancus, an offshore secured lending business focused on Channel Islands-based entrepreneurs, SMEs, high net worth individuals and professionals

The company says that in particular, the acquisition of Sancus now provides GLI with an in-house underwriting and origination capability and the further investments provide further lending diversity by duration, geography and asset type.

GLI says that in the light of recent developments in the marketplace, the board is also exploring the possible flotation of an independent investment company, which would be managed by GLI and invest in a diversified portfolio of loans originated principally by the company's family of lending businesses.

The fund's aim would be to provide investors with access to the fast expanding alternative finance market, leveraging GLI's unique position in terms of its experience, knowledge and day to day involvement in the alternative finance sector. The fund would target a high single digit yield for investors, whilst providing GLI with further scalable origination capability.

At 9:16am: [LON:GLIF] GLI Finance Ltd share price was +1.25p at 62p

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