Sancus Lending Group Limited Result of Tender Offer (8791I)

TIDMLEND

RNS Number : 8791I

Sancus Lending Group Limited

07 December 2022

7 December 2022

The following is a correction to the Company's announcement on 5 December at 7:00am titled 'Result of ZDP Tender Offer' (RNS number: 5035I). There was an administrative error in calculating the number of ZDP Shares which were validly tendered pursuant to the Tender Offer. The number of ZDP Shares validly offered and accepted under the Tender Offer was 931,923 ZDP Shares (not 979,001 as previously stated) and references in the announcement have been updated accordingly, as have calculations of the total cost of the Tender Offer, the resultant ZDP Share capital and total voting rights. All other information remains unchanged and the full amended text is shown below.

Sancus Lending Group Limited

(the "Group" or the "Company")

Result of ZDP Tender Offer

The Board of the Company today announces the result of the Tender Offer in respect of its ZDP Shares, the details of which were set out in a circular published by the Company on 19 October 2022 (the "Circular"), and which closed on 1 December 2022. Unless otherwise indicated, capitalised terms used in this announcement shall have the same meaning as given to them in the Circular.

The Tender Offer was fully subscribed, with a total of 931,923 ZDP Shares being validly offered for tender, representing 14.3 per cent. of the total ZDP Shares carrying voting rights. Validly tendered ZDP Shares will now be purchased by the Company via the Tender Offer at a price of 164.64 pence per ZDP Share, for a total cost of GBP1.53 million.

It is anticipated that the proceeds payable to the ZDP Shareholders for certificated ZDP Shares purchased under the Tender Offer will be dispatched on or around 14 December 2022 in the form of a cheque and that CREST account holders will have their CREST accounts credited on or around 14 December 2022.

The ZDP Shares purchased via the Tender Offer will be cancelled, reducing the ZDP Share capital from 19,101,384 to 18,169,461. Of the remaining 18,169,461 ZDP Shares, 12,574,705 ZDP Shares are held in treasury, therefore the revised ZDP Share capital carrying voting rights following completion of the Tender Offer is 5,594,756. This figure of 5,594,756 may be used by ZDP Shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the ZDP Shares under the FCA's Disclosure Guidance and Transparency Rules.

For further information, please contact:

Sancus Lending Group Limited

Rory Mepham

+44 (0)1481 708 280

Liberum Capital (Nominated Adviser and Corporate Broker)

Lauren Kettle

Chris Clarke

William King

+44 (0) 20 3100 2000

Instinctif Partners (PR Adviser)

Tim Linacre

Victoria Hayns

+44 (0)207 457 2020

Sanne Fund Services (Guernsey) Limited (Company Secretary)

Matt Falla

Joshua Shand

+44 (0)1481 755530

LEI: 213800S2XOO3YSEGCA26

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