Sancus Lending Group Limited announces an Equity Buyback for 979,001 shares, representing 15% for £1.61 million, under the authorization approved on November 7, 2022.

Sancus Lending Group Limited (AIM:LEND) commences share repurchases on November 7, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting held on November 7, 2022. As per the mandate, the company is authorized to repurchase up to 979,001 ZDP Shares, representing 15% of its issued share capital. The shares will be repurchased at a minimum price of 164.64 pence per ZDP Share for £1.61 million.

The authority will be till December 5, 2022. As of October 19, 2022, the company had 6,526,679 ZDP Shares issued and 12,574,705 ZDP Shares in treasury.