Arbuthnot Banking Group PLC Sale of shares in Secure Trust Bank PLC (1066L)
September 08 2021 - 4:38AM
UK Regulatory
TIDMARBB
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 GBP2.5m (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
GBP40,000 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
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