Arbuthnot Banking Group PLC Sale of shares in Secure Trust Bank PLC (1066L)

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

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 [e-mail] 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

MSCFZGGLRRKGMZG

(END) Dow Jones Newswires

September 08, 2021 04:38 ET (08:38 GMT)