StockMarketWire.com - Non-Standard Finance has completed its acquisition of Everyday Loans Holdings from Secure Trust Bank for an enterprise value of GBP235 million.

The acquisition was funded by a placing and open offer of 188,235,825 new ordinary shares at 85p apiece, the issue of 23,529,412 new ordinary shares to STB and a new debt facility.

Chairman John van Kuffeler said: "We are delighted to have completed the acquisition of Everyday Loans. We now own significant businesses in all three of NSF's target sectors, home credit, branch-based lending and guaranteed loans, and we will continue with our strategy to grow the Group's loan books by 20% in this financial year."


At 4:10pm: [LON:NSF] Nonstandard Finance Plc Ord Gbp0.05 share price was 0p at 69.25p



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