Arbuthnot Regulatory News (ARBB)

21 Jan 2005 07:00

Secure Trust Banking Group PLC21 January 2005 PRESS ANNOUNCEMENT EMBARGOED UNTIL 7:00a.m. 21 January 2005 NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION IN WHOLE OR IN PART IN OR INTO THEUNITED STATES, CANADA, JAPAN, AUSTRALIA, THE REPUBLIC OF IRELAND OR SOUTHAFRICA SECURE TRUST BANKING GROUP PLC ("SECURE TRUST" OR THE "COMPANY") RESULT OF OPEN OFFER AND EXTRAORDINARY GENERAL MEETING On 15 December 2005, Secure Trust announced the Open Offer by Hawkpoint PartnersLimited on behalf of the Company of up to 1,282,245 New Ordinary Shares at 310pence per share with an Excess Application Facility. As a result of the OpenOffer, on 20 January 2005, Secure Trust allotted all of the 1,282,245 NewOrdinary Shares and has raised a total of £3.8m net of expenses. Of the 1,282,245 New Ordinary Shares available for take up under the Open Offer,valid applications have been received for 1,002,099 New Ordinary Shares inrespect of shareholders' basic entitlements, all of which have been allotted.Applications have also been received for 669,277 New Ordinary Shares under theExcess Application Facility, of which 280,146 have been allotted. The excessapplications have been allotted pro rata to each applicant's holding as set outin the Circular to shareholders dated 15 December 2004. Henry Angest, Chairman and Chief Executive of Secure Trust, will, following theissue of the New Ordinary Shares, have a total shareholding of 6,980,294Ordinary Shares, representing 49.0 per cent. of the Enlarged Share Capital ofthe Company. At the Extraordinary General Meeting of Secure Trust, which took placeyesterday, the resolutions put to Independent Shareholders (in respect of theOpen Offer Resolution) and the Shareholders (in respect of the resolutionrelating to the Arbuthnot Securities Long Term Incentive Plan) and as set out inthe Circular issued on 15 December 2004, were duly passed. The New OrdinaryShares will be admitted to the Official List today and trading on the LondonStock Exchange's market for listed securities will also commence today. Terms defined in the Circular of Secure Trust dated 15 December 2004 shall,unless the context requires otherwise, have the same meaning in thisannouncement. For further information contact: Secure Trust Banking Group PLC 020 7012 2400Henry AngestStephen Lockley Hawkpoint Partners Limited 020 7665 4500Paul BainesLawrence Guthrie The directors of Secure Trust accept responsibility for the informationcontained in this announcement. To the best of the knowledge and belief of thedirectors of Secure Trust (who have taken all reasonable care to ensure thatsuch is the case), the information contained in this announcement is inaccordance with the facts and does not omit anything likely to affect the importof such information. Hawkpoint Partners Limited, which is authorised and regulated in the UnitedKingdom by the Financial Services Authority, is acting exclusively for SecureTrust and no one else in connection with the Open Offer and will not beresponsible to anyone other than Secure Trust for providing the protectionsafforded to its customers or for providing advice in relation to the contents ofthis announcement or any transaction or arrangement referred to herein. The New Ordinary Shares to be issued in connection with the Open Offer have notbeen nor will they be registered under the United States Securities Act of 1933(as amended) or under the securities laws of any state of the United States, orany state, province or territory of Canada, Japan, Australia, the Republic ofIreland, South Africa or their respective territories or possessions. This information is provided by RNS The company news service from the London Stock Exchange