Announcement • Jul 10
Sancus Lending Group Limited Announces CEO Changes Sancus Lending Group Limited announced the appointment of Andrew Charnley, Managing Director of Sancus Lending (UK) Limited (the Company's UK subsidiary), as Chief Executive Officer (CEO) of the Group with effect from July 10, 2026. Andrew Charnley has more than 30 years of commercial lending expertise, with particular expertise in real estate finance. He has held senior leadership roles including Barclays, Lloyds Banking Group & Together Money, and his responsibilities have included growing lending businesses, delivering operational improvements and maintaining a strong risk focus. Andrew holds a degree in Economics from Staffordshire University. Since joining the Group in October 2024, Andrew has led a significant transformation of the UK business, strengthening its customer proposition, enhancing operational processes, embedding robust risk management disciplines and building a strong leadership team, all of which underpinned by a values based approach. These improvements have led to strong growth. During 2025, the UK business wrote new facilities of £93.5 million (2024: £48.3 million), contributing to a 49% increase in AUM to £125.4 million (2024: £84.0 million). Rory Mepham, who has served as CEO since June 2021, will facilitate an orderly transition of responsibilities to Andrew and take up a new opportunity with Somerston Group Limited, the Group's majority shareholder. Andrew Heath Charnley, aged 54, is, or has been during the previous five years, a director or partner of the following companies or partnerships: Sancus Lending (UK) Limited, Assetz Capital Funding Ltd, Brinscall Hall Barn Management Company Limited, Assetz SME Capital Limited, Rindle Management Company Limited. Announcement • May 21
Sancus Lending Group Limited, Annual General Meeting, Jun 09, 2026 Sancus Lending Group Limited, Annual General Meeting, Jun 09, 2026. Location: windsor house, lower pollet, st peter port, Guernsey New Risk • Mar 27
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 88% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (97% average weekly change). Negative equity (-UK£1.8m). Shareholders have been substantially diluted in the past year (88% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (UK£11.3m market cap, or US$15.0m). 
