Last checked at 6 Dec 2012 11:32
For immediate release
6 December 2012
PRESS RELEASE
ARBUTHNOT BANKING GROUP PLC ("Arbuthnot" or the "Company")
RESULTS OF SECURE TRUST BANK PLC GENERAL MEETING
On 20 November 2012, Arbuthnot's subsidiary Secure Trust Bank PLC ("Secure Trust Bank") announced details of the proposed placing of 1,481,482 new ordinary shares (the "Placing Shares") at 1350 pence each (the "Placing Shares"), to raise approximately £20 million (before expenses) (the "Placing").
The Board of Secure Trust Bank has announced that, at its General Meeting held earlier today, the resolutions which were set out in the Notice of General Meeting included in the circular to Secure Trust Bank shareholders in relation to the Placing dated 20 November 2012 were duly passed.
Arbuthnot has subscribed for 370,371 Placing Shares. Following admission of the Placing Shares, Arbuthnot's holding in the Company will be 11,066,205 ordinary shares and its percentage shareholding will reduce from 75.5 per cent. to 70.7 per cent. of the ordinary shares in issue.
An application has been made by Secure Trust Bank to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM and it is expected that admission will take place at 8.00 a.m. on 7 December 2012.
Enquiries:
Arbuthnot Banking Group PLC Henry Angest, Chairman and Chief Executive Andrew Salmon, Chief Operating Officer James Cobb, Group Finance Director David Marshall, Communications Director
| Tel: 020 7012 2400 |
Canaccord Genuity Hawkpoint Limited (Nominated Adviser) Lawrence Guthrie Sunil Duggal
| Tel: 020 7665 4500 |
Numis Securities Limited (Broker) Christopher Wilkinson Mark Lander
| Tel: 020 7260 1000 |
Pelham Bell Pottinger Ben Woodford Dan de Belder | Tel: 020 7861 3232 |