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On 06 December 2023, Sancus Lending Group Limited granted its CEO, Rory Mepham, the right to 22,000,000 restricted forfeiture ordinary shares and its CIO, James Waghorn, the right to 14,000,000 shares. These awards were made pursuant to the Company's long-term incentive scheme, which was approved on 19 May 2023. The forfeiture share restrictions are set to lift in 2026, contingent on the achievement of operating profit targets.
| Date | 6 Dec 2023 |
| Time | 07:00:15 |
| Category | Director/PDMR dealings |
| ID | 7837V |
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:
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Sancus Lending Group Limited Rory Mepham
|
+44 (0)1534 708 900 |
|
Liberum Capital (Nominated Adviser and Corporate Broker) Lauren Kettle Chris Clarke William King
|
+44 (0)20 3100 2000 |
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Instinctif Partners (PR Adviser) Tim Linacre
|
+44 (0)207 457 2020 |
|
Sanne Fund Services (Guernsey) Limited (Company Secretary) Matt Falla |
+44 (0)1481 755 530 |