REG - Arbuthnot Banking - Completion of Tier 2 Reg. Cap. Facility Renewal

Arbuthnot BankingAnnouncement

04/06/2024 12:15

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RNS Number : 0727R  Arbuthnot Banking Group PLC  04 June 2024

4 June 2024

Arbuthnot Banking Group PLC

Completion of Tier 2 Regulatory Capital Loan Facility Renewal

 

Further to the announcement on 19 December 2023, Arbuthnot Banking Group PLC
("ABG", the "Company" or the "Group") announces today that it has completed
the renewal of the private issue of its sub-ordinated loan ("the Loan"), which
is classified as Tier 2 for capital purposes, issued on a bilateral basis to P
Capital Partners, a Swedish Debt fund.

 

As part of the renewal, the Loan was also increased by £1,000,000 to
£26,000,000 before fees and expenses.  The Loan is expected to mature on 3
June 2034 but can be repaid by ABG after the fifth anniversary. Interest is
payable on the Loan at a rate of 7.25% plus SONIA.

 

The Directors of the Company accept responsibility for the contents of this
announcement.

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK
law by virtue of the European Union (Withdrawal) Act 2018. The information is
disclosed in accordance with the Company's obligations under Article 17 of the
UK MAR. Upon the publication of this announcement, this inside information is
now considered to be in the public domain.

Enquiries:

Arbuthnot Banking Group
 
                020 7012 2400

Sir Henry Angest, Chairman and Chief Executive

Andrew Salmon, Group Chief Operating Officer

James Cobb, Group Finance Director

 

Grant Thornton UK LLP (Nominated Adviser and

AQSE Exchange Corporate
Adviser)
020 7383 5100

Colin Aaronson

Samantha Harrison

Ciara Donnelly

 

Shore Capital (Broker)
 
                        020 7408 4090

Daniel Bush

David Coaten

Tom Knibbs

 

H/Advisors Maitland (Financial PR)
                                                                                 020
7379 5151

Sam Cartwright

 

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