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:
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Sancus Lending Group Limited
Rory Mepham, Chief Executive Officer
Keith Lawrence, Chief Financial Officer
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+44 (0)148 170 8280
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Shore Capital (Nominated Adviser and Broker)
Tom Griffiths / George Payne (Corporate Advisory)
Guy Wiehahn (Corporate Broking)
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+44 (0)207 408 4090
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Instinctif Partners (PR Adviser)
Hannah Scott
Augustine Chipungu
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+44 (0)207 457 2020
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Apex Group Ltd
Matt Falla
Nicola Momberg
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+44 (0)148 175 5530
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