Completion of Mortgage Portfolio Acquisition

RNS Number : 4716I

Arbuthnot Banking Group PLC

08 August 2019

 

8 August 2019

Arbuthnot Banking Group PLC
Completion of Mortgage Portfolio Acquisition

Arbuthnot Banking Group PLC ("Arbuthnot" or the "Group") is pleased to announce that its subsidiary, Arbuthnot Latham & Co., Limited ("the Bank"), has completed the purchase of a residential mortgage portfolio that was announced on 3 July 2019.

Following determination of the final loan balances, the total consideration has been set at £258.1 million and has been satisfied by cash from the Group's own resources.

The directors of the Company accept responsibility for the contents of this announcement.

Contacts

Arbuthnot Banking Group PLC Sir Henry Angest, Chairman and Chief Executive Andrew Salmon, Group Chief Operating Officer James Cobb, Group Finance Director	Tel: [phone]
Grant Thornton (Nominated Adviser and NEX Exchange Corporate Adviser) Colin Aaronson / Samantha Harrison / Niall McDonald	Tel: [phone]
Numis Securities Limited (Joint Broker) Chris Wilkinson / Stephen Westgate	Tel: [phone]
Shore Capital (Joint Broker) Hugh Morgan / Daniel Bush	Tel: [phone]
Maitland (Financial PR) Neil Bennett / Jais Mehaji / Sam Cartwright	Tel: [phone]

 

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