Sancus Lending Group Limited (GB:LEND) has released an update.
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Sancus Lending Group Limited has announced its plan to cancel the listing of its zero dividend preference shares (ZDP Shares) on the London Stock Exchange, effective December 11, 2024. The company will offer a share buyback option for ZDP shareholders wishing to sell their shares before the cancellation, with a maximum aggregate consideration of £2.3 million, alongside a commitment from major shareholder Somerston Fintech Limited to purchase excess shares. This strategic move aims to benefit the company and its shareholders by streamlining its financial operations.
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