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Sancus Lending Group Limited announced it will not publish its audited financial results for the year ended 31 December 2023 by the 30 April 2024 deadline. Consequently, the company requested a temporary suspension of its zero dividend preference shares (ZDP Shares) from trading on the London Stock Exchange's Main Market, effective from 7.30am on 1 May 2024. This delay is attributed to a change of auditor due to a technicality regarding the ZDP Shares' listing venue, with the company now expecting to publish the FY23 Accounts in June 2024.
| Date | 26 Apr 2024 |
| Time | 12:06:35 |
| Category | Miscellaneous |
| ID | 2463M |
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019. The person responsible for making this announcement on behalf of the Company is Rory Mepham.
Sancus Lending Group Limited
Temporary Suspension of ZDP Shares
(the "Company")
Sancus Lending Group Limited announces that it will not publish its audited financial results for the year ended 31 December 2023 by 30 April 2024 ("FY23 Accounts") as required by the Financial Conduct Authority's Disclosure Guidance and Transparency Rule 4.1.3. As a result, the Company has requested the suspension of its zero dividend preference shares of no par value ("ZDP Shares") on the Standard Segment of the Official List and to trading on the Main Market of the London Stock Exchange from 7.30am on 1 May 2024. The Company's FY23 Accounts are delayed as it is having to undertake a change of auditor due to a technicality regarding the listing venue of the ZDP Shares.
The Company expects to publish its FY23 Accounts in June 2024 and will request a restoration of the ZDP Shares at that time. The Company's ordinary shares continue to trade on AIM.