8 August 2019
Arbuthnot Banking Group PLC
Completion of Mortgage Portfolio Acquisition
Arbuthnot 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.
Following 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.
The directors of the Company accept responsibility for the contents of this announcement.
Contacts
|
Arbuthnot Banking Group PLC |
Tel: +44 (0) 20 7012 2400 |
|
Grant Thornton (Nominated Adviser and NEX Exchange Corporate Adviser) |
Tel: +44 (0) 20 7383 5100 |
|
Numis Securities Limited (Joint Broker) |
Tel: +44 (0) 20 7260 1000 |
|
Shore Capital (Joint Broker) |
Tel: +44 (0) 20 7408 4090 |
|
Maitland (Financial PR) |
Tel: +44 (0) 20 7379 5151 |
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