Business
Results of sale of ordinary shares
Results of sale of ordinary shares.
About this update from Arbuthnot Banking Group Plc
[{"type":"text","content":"\n \nRNS Number : 1588K Arbuthnot Banking Group PLC 20 June 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 20 June 2014\nArbuthnot Banking Group PLC (\"Arbuthnot\" or the \"Company\")\nResults of sale of 1,041,667 ordinary shares in Secure Trust Bank PLC (\"Secure Trust Bank\") \nFollowing the announcements released yesterday, Arbuthnot is pleased to announce the completion of the institutional placing of the Sale Shares. \nArbuthnot has entered into a binding agreement to sell 1,041,667 ordinary shares in Secure Trust Bank (the \"Sale Shares\") to institutional investors at £24.00 per share (the \"Placing Price\") raising gross proceeds of £25m for Arbuthnot. In addition Secure Trust Bank has placed 2,083,333 new ordinary shares in Secure Trust Bank at the Placing Price raising gross proceeds of £50m for Secure Trust Bank. The Placing Price represents a discount of 3.81 per cent. to the closing price on 19 June 2014. The Placing of new ordinary shares by ...