REG - Sancus Lending Group - Long Term Incentive Plan Awards

Sancus LendingAnnouncement

06/12/2023 07:00

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RNS Number : 7837V  Sancus Lending Group Limited  06 December 2023

Sancus Lending Group Limited

 

("Sancus", the "Group" or the "Company")

 

Long Term Incentive Plan Awards

 

The Company confirms that it has granted Rory Mepham, CEO of Sancus, the right
to 22,000,000 restricted forfeiture ordinary shares (the "Forfeiture Shares")
and James Waghorn, CIO of Sancus, the right to 14,000,000 Forfeiture Shares,
pursuant to the Company's long-term incentive scheme (the "LTIP"), which was
approved at the Company's annual general meeting on 19 May 2023.

 

The forfeiture share restrictions, pursuant to the LTIP, will be lifted in
2026 subject to the achievement of operating profit targets.

 

A further update on the creation and issue of the Forfeiture Shares will be
provided in due course.

 

 

For further information, please contact:

 

 Sancus Lending Group Limited                                                                                             +44 (0)1534 708 900

 Rory Mepham

 Liberum Capital (Nominated Adviser and Corporate Broker)                                                                 +44 (0)20 3100 2000

 Lauren Kettle

 Chris Clarke

 William King

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

 Tim Linacre

 Sanne Fund Services (Guernsey) Limited                                                                                   +44 (0)1481 755 530

 (Company Secretary)

 Matt Falla

 

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