REG - Arbuthnot Banking - Directorate Changes

Arbuthnot BankingAnnouncement

01/08/2022 07:16

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RNS Number : 3273U  Arbuthnot Banking Group PLC  01 August 2022

1 August 2022

Arbuthnot Banking Group PLC

Appointment of non-executive director and of Sir Nigel Boardman as Chairman of
Arbuthnot Latham & Co., Limited ("Arbuthnot Latham" or "the Bank")

 

The Board of Arbuthnot Banking Group PLC ("the Company" or "the Group") is
pleased to announce the appointment of Frederick Angest as a non-executive
director of the Company with effect from 1 September 2022.

 

The Board is also delighted to announce that Sir Nigel Boardman, an
independent non-executive director of the Company since June 2019, has agreed
to take on the role of Chairman of the Group's principal subsidiary, Arbuthnot
Latham.  Sir Henry Angest who has been Chairman of Arbuthnot Latham since it
became a Group company in 1994 will remain as a non-executive director of the
Bank, of which he has been appointed Life President, and continues in his role
as Chairman and Chief Executive of Arbuthnot Banking Group PLC.

 

Sir Henry commented:

 

"I am delighted that Sir Nigel has agreed to take on the role as Chairman of
Arbuthnot Latham.  Arbuthnot Latham has grown significantly in the last few
years and broadened its business considerably with its expansion into
commercial banking alongside its original private banking and wealth
management services.  I believe Sir Nigel with his wealth of experience and
insightful intellect will be an excellent Chairman of the board as the
business continues to grow over the coming years. As further part of
succession planning, I am also delighted that Frederick Angest has agreed to
join the Board of the Company."

 

Frederick Alexander Henry Angest, aged 27, son of Sir Henry Angest, works at
Arbuthnot Latham and is or has been a director of the following companies or
partner in the following partnerships in the last five years (all current
directorships):

 

Ashmore & Strone Estate Limited

Dalmunzie Castle Hotel Limited

Dalmunzie Limited

 

Frederick Angest, together with his sister Gabriella Angest and their mother,
Lady Angest, is one of the potential future beneficiaries of a trust holding
8,351,401 Ordinary Shares representing 56.1% of the ordinary voting shares in
the Company (excluding shares held in treasury) and 86,674 (64.9% of the
non-voting shares excluding shares held in treasury), the current beneficial
owner of which is Sir Henry Angest, as previously disclosed.

 

There is no further information relating to Frederick Angest that is required
to be disclosed pursuant to paragraph 2(g) of Schedule Two to the AIM Rules
for Companies or to Rule 4.9 of the AQSE Growth Market Apex Rulebook.

 

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

 

Enquiries:

Arbuthnot Banking Group
 
020 7012 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

Ciara Donnelly

 

Shore Capital
(Broker)
                020 7408 4090

Daniel Bush

David Coaten

Tom Knibbs

 

Maitland/AMO (Financial
PR)
020 7379 5151

Sam Cartwright

 

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