tiprankstipranks
Trending News
More News >

Sancus Lending Group Expands Capital with £1 Million Preference Share Issue

Story Highlights
Sancus Lending Group Expands Capital with £1 Million Preference Share Issue

Confident Investing Starts Here:

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

Sancus Lending Group Limited has announced the issuance of £1.0 million in preference shares through its subsidiary, Sancus Loans Limited, to Somerston Fintech Limited. This move is part of a larger £10 million funding commitment and aims to bolster the company’s loan book by increasing capital deployment, enhancing its capacity to support existing funding lines.

More about Sancus Lending Group Limited

Sancus Lending Group Limited operates in the financial services industry, focusing on providing lending solutions. The company offers various loan products and services, catering primarily to small and medium-sized enterprises (SMEs) and property developers.

YTD Price Performance: 11.11%

Average Trading Volume: 164,949

Technical Sentiment Signal: Strong Buy

Current Market Cap: £2.86M

Find detailed analytics on LEND stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App