- GLI Finance has raised approximately £7.1m after placing 23,020,560 new ordinary shares at 31p apiece with Golf Investments Limited, a member of the Somerston group of companies.

Assuming Somerston makes no further purchases of ordinary shares, following admission, it will be interested in 67,450,103 ordinary shares representing 21.9% of the company's issued ordinary share capital.

At 8:16am: [LON:GLIF] GLI Finance Ltd share price was 0p at 23.5p

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