StockMarketWire.com - GLI Finance Limited has completed the increase of its stake in the equity of Platform Black Limited, a UK-based peer-to-peer invoice trading and supply chain finance business.

GLI has acquired a further 12.1% of the equity and now holds 44% of Platform Black's ordinary shares.

John Regan and Jason Batten, both Platform Black board directors, have joined GLI Finance in increasing their stakes in Platform Black, to 20% each. Regan and Batten provided initial seed funding to Platform Black and have each held a significant share of the business since August 2012.




At 8:09am: [LON:GLIF] GLI Finance Ltd share price was 0p at 55.25p



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