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New Factoring Facility

10 Nov 2025 07:00

RNS Number : 7693G
Sabien Technology Group PLC
10 November 2025
 

10 November 2025

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.

Sabien Technology Group plc

("Sabien" or the "Company" or the "Group")

New Factoring Facility

 

Sabien Technology Group plc (AIM: SNT), a leader in Green Aggregation Strategy, will be entering into an invoice factoring facility with Parris Group Limited ("PGL"), the family office of Richard Parris, the Company's Executive Chairman (the "Facility"). The Facility will provide working capital for the Company as it expands sales of its M2G Cloud Connect service. The Facility is in addition to the funding already provided by PGL, as announced on 20 August 2024.

The Facility, which is subject to final contract, will have the following key terms:

· provide a non-recourse advance of 80% against any invoices assigned by Sabien Technology Limited, the Group's wholly owned UK trading subsidiary, responsible for the M2G Cloud Connect business;

· a finance charge of 2.5% per month on any advances, deducted from the proceeds of the assigned invoices;

· will be secured by way of a debenture.

Related party transactions

PGL is a company controlled by Richard Parris, a director of the Company, so the Facility constitutes a related party transaction pursuant to Rule 13 of the AIM Rules for Companies. Accordingly, the Independent Directors being Ed Sutcliffe, Charles Goodfellow and Ranald McGregor-Smith consider, having consulted with the Company's nominated adviser, Allenby Capital Limited, that the terms of the Facility are fair and reasonable insofar as Sabien's shareholders are concerned.

CFO's Comments

Ed Sutcliffe, CFO, commented:

"Sabien thanks Parris Group Limited for its continuing support. This facility will enable Sabien to deliver on its existing sales order pipeline, ensuring timely execution and fulfilment of customer commitments. It marks a significant step forward in scaling operations to meet growing demand."

 

For Further Information:

Sabien Technology Group plc

Richard Parris, Executive Chairman

 

 

 

+44 20 7993 3700

investors@sabien.com 

Allenby Capital Limited (Nominated Adviser)

John Depasquale / Nick Harriss / Vivek Bhardwaj 

 

 

+44 203 328 5656

 

AlbR Capital Limited (Broker)

Duncan Vasey / Lucy Williams 

 

 

+44 207 469 0930

 

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AGREAAFNELNSFFA
Date   Source Headline
3rd Aug 201511:40 amRNSHolding(s) in Company
28th Jul 20152:39 pmRNSDirector/PDMR Shareholding
28th Jul 20157:00 amRNSAdmission of Placing and Subscription Shares
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15th Jun 20157:00 amRNSTrading Statement
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27th Mar 20156:04 pmRNSDirector/PDMR Shareholding
16th Mar 20155:28 pmRNSDirector Shareholding
10th Feb 20157:00 amRNSHalf Yearly Report
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20th Nov 20149:27 amRNSAGM Statement
27th Oct 20144:43 pmRNSDispatch of Annual Report and notice of AGM
9th Oct 20149:35 amRNSDividend Declaration
7th Oct 20147:00 amRNSPreliminary results for the year to 30 June 2014
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30th Sep 20149:39 amRNSHolding(s) in Company
12th Aug 20144:11 pmRNSHolding(s) in Company
6th Aug 20144:30 pmRNSHolding(s) in Company
1st Aug 201411:03 amRNSExercise of Warrants
8th Jul 20147:00 amRNSPost close trading update
29th May 20147:00 amRNSTrading Statement
28th Mar 20142:58 pmRNSDirector/PDMR Shareholding
3rd Mar 20147:00 amRNSOrders received
14th Feb 20145:01 pmRNSHolding(s) in Company
11th Feb 20147:00 amRNSInterim results
16th Jan 201410:58 amRNSDirector Shareholding
20th Nov 20134:32 pmRNSResult of AGM
28th Oct 20134:55 pmRNSNotice of AGM
23rd Oct 201312:19 pmRNSPropose Dividend Declaration
22nd Oct 20134:48 pmRNSHolding(s) in Company
10th Oct 201310:18 amRNSHoldings in Company
7th Oct 20137:00 amRNSPublic Sector Tender Award
1st Oct 20137:00 amRNSPreliminary Final Results
9th Jul 201312:45 pmRNSFurther Orders Received
8th Jul 20137:00 amRNSTrading Statement
7th Jun 20137:00 amRNSFurther orders received
28th May 20137:00 amRNSNew orders received
10th Apr 20137:00 amRNSContract with Norland
3rd Apr 201311:04 amRNSDirector Shareholding
26th Mar 20137:00 amRNSFireye Distributorship Agreement
12th Feb 20139:29 amRNSHolding(s) in Company
12th Feb 20137:00 amRNSHalf Yearly Report
6th Feb 20133:44 pmRNSHolding(s) in Company
6th Feb 20133:11 pmRNSChange of ACD for OEIC holding
31st Jan 201310:11 amRNSNotice of Results
22nd Nov 20127:00 amRNSAGM Statement
30th Oct 201210:44 amRNSGrant of share options
29th Oct 201210:19 amRNSDispatch of Annual Financial Report
17th Oct 20127:00 amRNSAppointment of Mrs Miriam Maes as a Director

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