- GLI Finance's board has decided to cancel the placing and open offer of 2020 ZDP shares in light of feedback received as part of the marketing of the shares to investors.

The board will not be progressing the issue of the CULS which had been considered as part of the capital raising exercise announced on 3 December.

And it announced that chief executive Geoff Miller has resigned with immediate effect.

Executive director Andy Whelan will be interim CEO pending the appointment of a permanent replacement for Miller.

Whelan is also CEO and a founder shareholder of Sancus and is well-acquainted with GLIF's other platform investments.

At 8:20am: [LON:GLIF] GLI Finance Ltd share price was -1.13p at 36.13p

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