• 10 Oct 25
 

Sancus Lending Group - Junior Funding Commitment

Sancus Lending Group Limited | LEND | 0.4 0 0.0% | Mkt Cap: 2.63m


 
RNS Number : 8106C
Sancus Lending Group Limited
10 October 2025
 

Sancus Lending Group Limited

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

 

Junior Funding Commitment

 

Further to its announcement of 30 January 2025, Sancus Lending Group Limited (AIM: LEND) announces that it has issued £1.5 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, and having regard to amounts drawn to date, £3.6 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.

 

For further information, please contact:

 

Sancus Lending Group Limited

Rory Mepham, Chief Executive Officer

Keith Lawrence, Chief Financial Officer

+44 (0)1481 708280

Shore Capital (Nominated Adviser and Broker)

Tom Griffiths / George Payne (Corporate Advisory)

Guy Wiehahn (Corporate Broking)

 

+44 (0)20 7408 4050

Instinctif Partners (PR Adviser)

Hannah Scott

Galyna Kulachek

 

+44 (0)20 7457 2020

Redwood Co Sec Limited

Charlotte Sanders

Gwen Norman

+44 (0)1481 701950

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
FURBLBDGXBGDGUC

Research Tree RNS Article

To continue viewing this RNS article, please advise if you are one of the following:

Return to News Summary