REG - Arbuthnot Banking - Further sale of shares in Secure Trust Bank PLC

Arbuthnot BankingAnnouncement

19/04/2021 17:20

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
DISFLFIRSDIALIL