Sale of shares in Secure Trust Bank PLC

RNS Number : 1066L

Arbuthnot Banking Group PLC

08 September 2021

 

8 September 2021

Arbuthnot Banking Group PLC

Sale of shares in Secure Trust Bank PLC ("Secure Trust")

Arbuthnot Banking Group PLC ("Arbuthnot" or "the Group") announces that on 7 September 2021 it disposed of 200,000 ordinary shares of 40 pence each of Secure Trust ("Sale Shares"), raising gross proceeds of approximately £2.5m (the "Sale").

Following the completion of the Sale, the Group will be interested in 619,538 ordinary shares of 40 pence each in the capital of Secure Trust, representing approximately 3.32 per cent of Secure Trust's issued share capital. Whilst the Group will receive the interim dividend of 20 pence per share declared by Secure Trust for the year ending 31 December 2021 amounting to £40,000 in respect of the shares sold, as a result of this Sale and its reduced holding, there will be a reduction in any future dividend income receivable from Secure Trust.

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

Enquiries:

Arbuthnot Banking Group                                                                                                                                        0207 012 2400

Sir Henry Angest, Chairman and Chief Executive

Andrew Salmon, Group Chief Operating Officer

James Cobb, Group Finance Director

Grant Thornton UK LLP (Nominated Adviser and

AQSE Exchange Corporate Adviser) 020 7383 5100

Colin Aaronson

Samantha Harrison

George Grainger

Numis Securities Ltd (Joint Broker)                                                                                                                        0207 260 1000

Stephen Westgate

Shore Capital (Joint Broker) 020 7408 4090

Hugh Morgan

Daniel Bush

Maitland/AMO (Financial PR) 020 7379 5151

Neil Bennett

Sam Cartwright

 

END

 

 

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