10th Oct 2025 15:32
Sancus Lending Group Ltd - Alternative financial services provider based in London - Issues GBP1.5 million of preference shares in unit Sancus Loans Ltd to Somerston Group subsidiary, Somerston Fintech Ltd, the majority shareholder of the company. Notes the preference shares posses a non-cash cumulative coupon of 15%, and mature in November next year. Adds that the issue has been made under the Somerston Junior Funding Commitment of up to GBP10 million, announced back in January. Notes that GBP3.6 million of the commitment remains undrawn. Says the preference shares issue will lift the capital deployed in Sancus Loans used for one of Sancus Lending's existing funding lines, "enabling it to grow the group's loan book."
Current share price: 0.42 pence
12-month change: down 6.7%
By Christopher Ward, Alliance News reporter
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