Business
Completion of sale
Completion of sale.
About this update from Arbuthnot Banking Group Plc
[{"type":"text","content":"\n \nRNS Number : 3274B Arbuthnot Banking Group PLC 15 June 2016 \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA.\nFURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY ORDINARY SHARES OF SECURE TRUST BANK PLC IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.\n \n \n \nPRESS RELEASE\nFor Immediate Release\n \n15 June 2016 \n \nArbuthnot Banking Group PLC \nCompletion of sale\nThe Board of Arbuthnot Banking Group PLC (\"Arbuthnot\" or \"the Group\") is pleased to announce that all conditions have been satisfied in relation to the sale of 6,000,000 ordinary shares of 40 pence each in Secure Trust Bank PLC (\"Secure Trust\"), representing 33.0 per cent. of Secure Trust's existing issued share capital (the \"Sale\") such that the Sale has today completed. \nAs part of the terms of the Sale, Arbuthnot has agreed that it will not sell any further ordinary shares in Secure Trust for at least 180 days from completion of the Sale, other than with the agreement of Stifel. \nEnquiries:\n\n\n\n\nArbuthnot Banking Group PLC \nSir Henry Angest, Chairman and Chief Executive\nAndrew Salmon, Group Chief Operating Officer\nJames Cobb, Group Finance Director\nDavid Marshall, Director of Comm...