Business
Results of Meetings and Tender Offer and TVR
Sancus Lending Group Limited announced that all resolutions were passed at its recent meetings, approving a tender offer for up to 1.7 million ZDP Shares at 120 pence per share, representing approximately 52% of issued ZDP Shares. The majority shareholder, Somerston, tendered all accepted shares, resulting in the company purchasing 1,700,000 ZDP Shares for £2.04 million and issuing 501,721,593 new ordinary shares. Admission of these new shares is expected on December 22, 2025, at which point the company will have 1,085,859,939 ordinary shares in issue, with the total voting rights figure of 1,085,859,939 to be used for FCA notification calculations. Disclaimer*
About this update from Sancus Lending Group Limited
[{"type":"text","content":"\n\n19 December 2025\n \nSancus Lending Group Limited\n(\"Sancus\" the \"Company\" or the \"Group\")\n \nResults of Meetings and Tender Offer,\nAdmission\nand\nTotal Voting Rights\n \nFurther to its announcement on 28 November 2025, Sancus Lending Group Limited (AIM: LEND) announces that all resolutions proposed at the Meetings held earlier today, were duly passed by the requisite majorities and announces the result of the Tender Offer for ZDP Shares.\n \nResults of the Meetings\n \nAt the ZDP Class Meeting and the Extraordinary General Meeting (together, the \"Meetings\"), Shareholders were asked to consider and approve the Proposals as set out in the circular posted to Ordinary Shareholders and ZDP Shareholders, dated 28 November 2025 (the \"Circular\"). The Proposals comprised a Tender Offer for up to 1.7 million ZDP Shares, representing approximately 52 per cent. of the issued ZDP Shares (excluding those held in treasury), at a Tender Price of 120 pence per ZDP Share, with ZDP Shareholders able to elect to receive the Tender Price in cash or in new Ordinary Shares of equivalent value. In addition, Shareholders were invited to approve the ZDP Amendments, which included the adoption of the New Articles to remove certain restrictions on the Company as detailed in the Circular. As set out above, at the Meetings, all Resolutions were duly passed by the requisite majorities, thereby enabling the Company to proceed with the Tender Offer and to implement the ZDP Amendments as described in the Circular.\n \nResult of the Tender Offer\n \nThe Tender Offer to acquire up to 1,700,000 ZDP Shares at a price of 120 pence per ZDP Share closed at 1.00 p.m. on 17 December 2025. A total of 1,700,000 ZDP Shares were validly tendered and accepted under the Tender Offer, representing approximately 52 per cent. of the issued ZDP Shares (excluding those held in treasury). All 1,700,000 ZDP Shares validly tendered and accepted under the Tender Offer were tendered by Somerston, the Company's majority shareholder. Accordingly, the Company will purchase an aggregate of 1,700,000 ZDP Shares under the Tender Offer for a total consideration of £2.04 million, calculated at the Tender Offer price of 120 pence per ZDP Share in exchange for the issue of 501,721,593 new Ordinary Shares. Settlement of the Tender Offer will tak...