RNS Number : 2614X
Sancus Lending Group Limited
17 February 2025
 

17 February 2025

Sancus Lending Group Limited (the "Group" or the "Company")

Junior Funding Commitment

The Board of the Company today announces that it has issued £1.9m of Sancus Bonds to Somerston Fintech Limited ("Somerston Fintech"), a subsidiary of Somerston Group, the majority shareholder of the Company. 

The issuance of Sancus Bonds, which have a coupon of 8% and mature in October 2027, has been made under the Somerston Junior Funding Commitment of up to £10m, as announced by the Company on 30 January 2025. 

The proceeds of the Sancus Bond issuance will be used to increase the capital deployed in Sancus Loans Limited, a subsidiary used for one of the Group's existing funding lines, enabling it to grow the Group's loan book. 

£8.1m of the Somerston Junior Funding Commitment remains undrawn.

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:

Sancus Lending Group Limited
 Rory Mepham
Keith Lawrence
+44 (0)1481 708 280

Panmure Liberum Limited (Nominated Adviser and Corporate Broker)
 Chris Clarke
William King
+44 (0) 20 3100 2000

Instinctif Partners (PR Adviser)
 Hannah Scott

Augustine Chipungu
+44 (0)207 457 2020

Apex Group Ltd
 Matt Falla
Nicola Momberg
+44 (0)1481 755530

 

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