Last checked at 8 Aug 2019 17:03
8 August 2019
Arbuthnot Banking Group PLCCompletion 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 PLCSir Henry Angest, Chairman and Chief ExecutiveAndrew Salmon, Group Chief Operating OfficerJames Cobb, Group Finance Director | Tel: +44 (0) 20 7012 2400 |
Grant Thornton (Nominated Adviser and NEX Exchange Corporate Adviser)Colin Aaronson / Samantha Harrison / Niall McDonald | Tel: +44 (0) 20 7383 5100 |
Numis Securities Limited (Joint Broker)Chris Wilkinson / Stephen Westgate | Tel: +44 (0) 20 7260 1000 |
Shore Capital (Joint Broker)Hugh Morgan / Daniel Bush | Tel: +44 (0) 20 7408 4090 |
Maitland (Financial PR)Neil Bennett / Jais Mehaji / Sam Cartwright | Tel: +44 (0) 20 7379 5151 |