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Sancus Lending Group Ltd - Alternative financial services provider based in London - Issues £1.5 million of preference shares in unit Sancus Loans Ltd to Somerston Group subsidiary, Somerston Fintech Ltd, the majority shareholder of the company. Notes the preference shares posses a non-cash cumulative coupon of 15%, and mature in November next year. Adds that the issue has been made under the Somerston Junior Funding Commitment of up to £10 million, announced back in January. Notes that £3.6 million of the commitment remains undrawn. Says the preference shares issue will lift the capital deployed in Sancus Loans used for one of Sancus Lending’s existing funding lines, ‘enabling it to grow the group’s loan book.’ Current share price: 0.42 pence 12-month change: down 6.7% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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