Proposed Amendments to Sancus Bonds

Sancus Lending Group Limited

21 October 2024

 

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

[phone]

Panmure Liberum Capital Limited (Nominated Adviser and Corporate Broker)

Chris Clarke

William King

[phone]

Instinctif Partners (PR Advisor)

Hannah Scott

Augustine Chipungu

[phone]

Apex Group Ltd

Matt Falla

Nicola Momberg

[phone]

 

END