Business
Completion of Mortgage Portfolio Acquisition
Completion of Mortgage Portfolio Acquisition.
About this update from Arbuthnot Banking Group Plc
[{"type":"text","content":"\n \nRNS Number : 4716I Arbuthnot Banking Group PLC 08 August 2019 \n\n8 August 2019\nArbuthnot Banking Group PLC\nCompletion of Mortgage Portfolio Acquisition\n \nArbuthnot Banking Group PLC (\"Arbuthnot\" or the \"Group\") is pleased to announce that its subsidiary, Arbuthnot Latham & Co., Limited (\"the Bank\"), has completed the purchase of a residential mortgage portfolio that was announced on 3 July 2019.\nFollowing determination of the final loan balances, the total consideration has been set at £258.1 million and has been satisfied by cash from the Group's own resources.\nThe directors of the Company accept responsibility for the contents of this announcement.\nContacts \n\n\n\nArbuthnot Banking Group PLCSir Henry Angest, Chairman and Chief Executive\nAndrew Salmon, Group Chief Operating Officer\nJames Cobb, Group Finance Director\n\n\nTel: +44 (0) 20 7012 2400\n\n\n\n\nGrant Thornton (Nominated Adviser and NEX Exchange Corporate Adviser)Colin Aaronson / Samantha Harrison / Niall McDonald\n\n\nTel: +44 (0) 20 7383 5100\n\n\n\n\nNumis Securities Limited (Joint Broker)Chris Wilkinson / Stephen Westgate\n\n\nTel: +44 (0) 20 7260 1000\n\n\n\n\nShore Capital (Joint Broker)Hugh Morgan / Daniel Bush\n\n\nTel: +44 (0) 20 7408 4090\n\n\n\n\nMaitland (Financial PR)Neil Bennett / Jais Mehaji / Sam Cartwright\n\n\nTel: +44 (0) 20 7379 5151\n\n\n\n \n\nThis 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 [email protected] or visit www.rns.com. END MSCUWRNRKAAWRAR\n ","length":3926,"tagName":"div"}]