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Arbuthnot Banking - Completion of Mortgage Portfolio Acquisition

RNS Number : 4716I
Arbuthnot Banking Group PLC
08 August 2019
 

8

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

Sir Henry Angest, Chairman and Chief Executive
Andrew Salmon, Group Chief Operating Officer
James Cobb, Group Finance Director

Colin Aaronson / Samantha Harrison / Niall McDonald

Chris Wilkinson / Stephen Westgate

Shore Capital (Joint Broker)
Hugh Morgan / Daniel Bush

Maitland (Financial PR)
Neil Bennett / Jais Mehaji / Sam Cartwright

 


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Quick facts: Arbuthnot Banking Group

Price: 757.5

Market: AIM
Market Cap: £112.78 m
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