Sancus Lending Group Limited (GB:LEND) has released an update.
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Sancus Lending Group Limited has completed a buyback of 1,854,910 Zero Dividend Preference (ZDP) shares for £2,003,303, leading to the cancellation of these shares. The buyback was funded through the issuance of unsecured bonds to Somerston. Following the buyback, the company plans to delist the remaining ZDP shares from the London Stock Exchange, although they will remain tradeable off the Main Market.
For further insights into GB:LEND stock, check out TipRanks’ Stock Analysis page.
