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Sancus Completes ZDP Share Tender Offer and Issues Over 500m New Shares

Story Highlights
  • Sancus gained shareholder approval to proceed with a major ZDP share tender offer and amend its articles.
  • The company is buying back 1.7m ZDP shares from Somerston for £2.04m, cancelling them and issuing over 500m new ordinary shares.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sancus Completes ZDP Share Tender Offer and Issues Over 500m New Shares

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Sancus Lending Group ( (GB:LEND) ) has shared an update.

Sancus Lending Group has secured shareholder approval for a series of capital structure measures, including a tender offer for its zero dividend preference (ZDP) shares and amendments to its articles of association to remove certain restrictions on the company. The group will buy back 1.7 million ZDP shares, representing about 52% of the ZDP shares in issue (excluding treasury), all tendered by majority shareholder Somerston, for £2.04 million at 120 pence per share, to be settled through the issue of 501,721,593 new ordinary shares. These repurchased ZDP shares will be cancelled, and the new ordinary shares are expected to be admitted to trading on AIM on 22 December 2025, after which Sancus will have 1,085,859,939 ordinary shares in issue, redefining its total voting rights and potentially reshaping its ownership and governance profile for existing shareholders.

The most recent analyst rating on (GB:LEND) stock is a Hold with a £0.40 price target. To see the full list of analyst forecasts on Sancus Lending Group stock, see the GB:LEND Stock Forecast page.

Spark’s Take on GB:LEND Stock

According to Spark, TipRanks’ AI Analyst, GB:LEND is a Neutral.

The overall stock score reflects significant financial challenges, including high leverage and liquidity issues, which are major concerns. However, recent corporate actions and a low P/E ratio provide some positive outlook. Technical indicators suggest bearish momentum, but potential undervaluation and strategic corporate events offer a mixed perspective.

To see Spark’s full report on GB:LEND stock, click here.

More about Sancus Lending Group

Sancus Lending Group Limited (AIM: LEND) is a specialist lender focused on providing alternative finance solutions, with its capital structure including ordinary shares and zero dividend preference (ZDP) shares listed on London’s AIM market.

Average Trading Volume: 207,110

Technical Sentiment Signal: Strong Sell

Current Market Cap: £2.29M

For a thorough assessment of LEND stock, go to TipRanks’ Stock Analysis page.

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