Admission to AIM - First Day of Dealings

RNS Number : 3131R

Secure Trust Bank PLC

02 November 2011

 



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PRESS ANNOUNCEMENT

2 November 2011

Secure Trust Bank PLC

Admission to AIM - First Day of Dealings

·    Secure Trust Bank PLC ("Secure Trust Bank" or the "Company") is pleased to announce its admission to AIM and that trading in its ordinary shares commenced today. Secure Trust Bank's AIM symbol is "STB".

·    Collins Stewart, the Company's broker, has placed 1,666,667 new ordinary shares on behalf of the Company raising approximately £12.0 million before expenses, and also placed 1,804,166 existing ordinary shares for approximately £13.0 million before expenses on behalf of Arbuthnot Banking Group PLC. The ordinary shares were placed at a price of 720 pence per ordinary share, implying a market capitalisation of Secure Trust Bank on Admission of £102.0 million.

·    The proceeds of the issue of new ordinary shares will be used to provide Secure Trust Bank with further capital to support significant expansion of the loan book including, where appropriate, to make selective acquisitions of loan books and businesses and to grow within its chosen markets.

·     Hawkpoint Partners Limited is the nominated adviser and financial adviser to Secure Trust Bank and Collins Stewart Europe Limited is the Company's broker.

Paul Lynam, Chief Executive Officer (Secure Trust Bank), said:                         

"The successful admission to AIM is an important milestone in the evolution of the Company and we believe we can build substantially on our current position.  We are delighted to welcome our new investors."

Secure Trust Bank PLC Paul Lynam, Chief Executive Officer Neeraj Kapur, Chief Financial Officer	0121 693 9100
Hawkpoint Partners Limited (Nominated Adviser) Lawrence Guthrie / Sunil Duggal	020 7665 4500
Collins Stewart Europe Limited (Broker) Roger Lambert / Lucy Tilley	020 7523 8000
Pelham Bell Pottinger Ben Woodford / Dan de Belder	020 7861 3232

 

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