REG - Sancus Lending Group - Junior Funding Commitment

Sancus LendingAnnouncement

15/04/2025 07:02

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RNS Number : 9980E  Sancus Lending Group Limited  15 April 2025

15 April 2025

 

Sancus Lending Group Limited

(the "Company" or the "Group")

 

Junior Funding Commitment

Further to its announcements of 30 January 2025 and 17 February 2025, Sancus
Lending Group Limited (AIM: LEND) announces that it has issued £1.0 million
of preference shares in Sancus Loans Limited, a subsidiary of the Company, to
Somerston Fintech Limited ("Somerston Fintech"), a subsidiary of Somerston
Group, the majority shareholder of the Company.

The issue of these preference shares, which have a non-cash, cumulative coupon
of 15% and mature in November 2026, has been made under the Somerston Junior
Funding Commitment of up to £10 million, details of which were announced by
the Company on 30 January 2025. Following the preference share issue, £7.1
million of the Somerston Junior Funding Commitment remains undrawn.

This preference share issue will increase the capital deployed in Sancus Loans
Limited used for one of the Group's existing funding lines, enabling it to
grow the Group's loan book.

Capitalised terms not defined in this announcement have the meanings given to
them in the Company's announcement of 30 January 2025.

 

Enquiries:

 

 Sancus Lending Group Limited                        +44 (0)148 170 8280

 Rory Mepham, Chief Executive Officer

 Keith Lawrence, Chief Financial Officer

 Shore Capital (Nominated Adviser and Broker)          +44 (0)207 408 4090

 Tom Griffiths / George Payne (Corporate Advisory)

 Guy Wiehahn (Corporate Broking)

 Instinctif Partners (PR Adviser)                    +44 (0)207 457 2020

 Hannah Scott

 Augustine Chipungu

 Apex Group Ltd                                      +44 (0)148 175 5530

 Matt Falla

 Nicola Momberg

 

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