RESULTS OF GENERAL MEETING

RNS Number : 9147S

Secure Trust Bank PLC

06 December 2012

 



For immediate release

6 December 2012

PRESS RELEASE                                                                                                             

Secure Trust Bank PLC ("Secure Trust Bank" or the "Company")

RESULTS OF GENERAL MEETING

On 20 November 2012, Secure Trust Bank announced details of the proposed placing of 1,481,482 new ordinary shares (the "Placing Shares") at 1350 pence each (the "Placing Price"), to raise approximately £20 million (before expenses) (the "Placing").

The Board of Secure Trust Bank is pleased to announce that, at the General Meeting of the Company held earlier today, the resolutions which were set out in the Notice of General Meeting included in the circular to shareholders in relation to the Placing dated 20 November 2012 were duly passed.

Arbuthnot Banking Group PLC ("Arbuthnot") (the largest shareholder in the Company) has subscribed for 370,371 Placing Shares at the Placing Price.  Arbuthnot has today notified the Company that following admission of the Placing Shares, Arbuthnot's holding in the Company will be 11,066,205 ordinary shares and its percentage shareholding will reduce from 75.5 per cent. to 70.7 per cent. of the ordinary shares in issue.

An application has been made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM and it is expected that admission will take place at 8.00 a.m. on 7 December 2012. Following the admission of the Placing Shares, the Company will have 15,648,149 ordinary shares of 40 pence each in issue.

Enquiries:

Secure Trust Bank PLC Henry Angest, Non Executive Chairman Andrew Salmon, Non Executive Director	Tel:      [phone]
Paul Lynam, Chief Executive Officer Neeraj Kapur, Chief Financial Officer	Tel:      [phone]
David Marshall, Director of Communications	Tel:      [phone]
Canaccord Genuity Hawkpoint Limited (Nominated Adviser) Paul Baines Sunil Duggal	Tel:      [phone]
Canaccord Genuity Limited (Broker) Roger Lambert Lucy Tilley	Tel:      [phone]
Pelham Bell Pottinger Ben Woodford Dan de Belder	Tel:      [phone]

 

END

 

 

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