Sancus Lending Group Limited (GB:LEND) has released an update.
Sancus Lending Group Limited has announced a buyback program for their zero dividend preference shares ahead of their suspension on the London Stock Exchange, offering liquidity to shareholders with an aggregate purchase limit of £1.5 million until April 30, 2024. The buyback price per share will range from a minimum of £0.01 to a maximum of 105% of the average market quotations of the past five business days. The purchased shares will be held in treasury and may represent a significant portion of the shares’ daily trading volume.
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