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Sancus Lending Group Limited announced it has received sufficient votes in favour of proposed amendments to its Sancus Bonds. These amendments include extending the maturity date from 31 December 2025 to 31 October 2027, increasing the coupon from 7% to 8%, and raising the maximum principal amount from £15 million to £30 million. The amendments shall take effect from 31 October 2024.
| Date | 21 Oct 2024 |
| Time | 07:00:01 |
| Category | Corporate updates |
| ID | 8144I |
Sancus Lending Group Limited
21 October 2024
Sancus Lending Group Limited
("Sancus" or "the Company")
Proposed Amendments to the Sancus Bonds
On 9 October 2024 the Company announced that it was seeking to extend the maturity date of the Bonds from 31 December 2025 to 31 October 2027 and to increase the coupon payable for the remaining duration of the Bonds from 7% to 8%. In addition, the Company announced it was seeking to increase the maximum principal amount of the Bonds that may be issued from £15 million, up to the maximum level of borrowing prescribed by the terms of the Company's ZDP Shares (subject to exclusions) of £30 million.
The Company confirms that it has now received sufficient votes in favour of the required resolution for these proposals. Accordingly, the amendments shall take effect from 31 October 2024.
For further information, please contact:
Sancus Lending Group Limited
Rory Mepham
Keith Lawrence
+44 (0)1481 708 280
Panmure Liberum Capital Limited (Nominated Adviser and Corporate Broker)
Chris Clarke
William King
+44 (0) 20 3100 2000
Instinctif Partners (PR Advisor)
Hannah Scott
Augustine Chipungu
+44 (0)20 7457 2020
Apex Group Ltd
Matt Falla
Nicola Momberg
+44 (0)1481 755530