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DJ Arbuthnot Banking Group PLC Completion of Mortgage Portfolio Acquisition

TIDMARBB

RNS Number : 4716I

Arbuthnot Banking Group PLC

08 August 2019

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 GBP258.1 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 
 Sir Henry Angest, Chairman and Chief Executive 
 Andrew Salmon, Group Chief Operating Officer 
 James Cobb, Group Finance Director 
Grant Thornton (Nominated Adviser and NEX Exchange Corporate Adviser)  Tel: +44 (0) 20 7383 5100 
 Colin Aaronson / Samantha Harrison / Niall McDonald 
Numis Securities Limited (Joint Broker)                                Tel: +44 (0) 20 7260 1000 
 Chris Wilkinson / Stephen Westgate 
Shore Capital (Joint Broker)                                           Tel: +44 (0) 20 7408 4090 
 Hugh Morgan / Daniel Bush 
Maitland (Financial PR)                                                Tel: +44 (0) 20 7379 5151 
 Neil Bennett / Jais Mehaji / Sam Cartwright 
 

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August 08, 2019 12:03 ET (16:03 GMT)