Business
Completion of sale of ordinary shares
Completion of sale of ordinary shares.
About this update from Arbuthnot Banking Group Plc
[{"type":"text","content":"\n \nRNS Number : 8471L Arbuthnot Banking Group PLC 09 July 2014 \n \n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.\n \nThis announcement should be read in its entirety. In particular, you should read and understand the information provided in the 'Important Notices' section. \n 9 July 2014\nArbuthnot Banking Group PLC (\"Arbuthnot\" or the \"Company\")\nCompletion of sale of 1,041,667 ordinary shares in Secure Trust Bank PLC (\"Secure Trust Bank\") \nFollowing the announcements released on 19 June 2014 and 20 June 2014 and the final conditions to the Placing Agreement entered into on 19 June 2014 being satisfied, Arbuthnot is pleased to announce that the sale of the 1,041,667 Sale Shares at £24.00 each to institutional investors has now completed. \n \nSecure Trust Bank yesterday passed the required resolutions proposed at its General Meeting. The Company's holding in Secure Trust Bank is therefore reduced to 53.26 per cent. of Secure Trust Bank's Enlarged Issued Share Capital.\n \nThis announcement should be read together with the announcement made by the Company at 6.10 p.m. on 19 June 2014 and all terms in this ...