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
