Further sale of shares in Secure Trust Bank PLC

RNS Number : 9464V

Arbuthnot Banking Group PLC

19 April 2021

 

19 April 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 it has disposed of a further 250,000 ordinary shares of 40 pence each of Secure Trust ("Sale Shares"), cum div, raising gross proceeds of approximately £3.0m (the "Sale").

Following the completion of the Sale, the Group will be interested in 819,538 ordinary shares of 40 pence each in the capital of Secure Trust, representing approximately 4.40 per cent of Secure Trust's issued share capital.  As a result of this Sale and its reduced holding, there will be a further reduction in any dividends receivable from Secure Trust. The Sale will result in a decrease of £110,000 in dividend income for the Group, based on the final dividend of 44 pence per share declared by Secure Trust for the year ended 31 December 2020. 

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

Seamus Fricker

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

 

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