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Sancus Lending Group Limited, through its subsidiary Sancus Loans Limited, issued £1.4 million of preference shares to Somerston Fintech Limited, a subsidiary of its majority shareholder Somerston Group. These preference shares carry a 15% non-cash cumulative coupon and will mature in November 2026. This issuance was made under the Somerston Junior Funding Commitment of up to £10 million, with £1.55 million of the commitment now remaining undrawn.
| Date | 20 Jan 2026 |
| Time | 07:00:05 |
| Category | Corporate updates |
| ID | 5028P |
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 £1.4 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, £1.55 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:
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Sancus Lending Group Limited Rory Mepham, Chief Executive Officer Keith Lawrence, Chief Financial Officer |
+44 (0)1481 708280 |
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Shore Capital (Nominated Adviser and Broker) Tom Griffiths / George Payne (Corporate Advisory) Oliver Jackson / Ansh Batura (Corporate Broking) |
+44 (0)20 7408 4050 |
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Redwood Co Sec Limited Charlotte Sanders Gwen Norman |
+44 (0)1481 701950 |