Proposed NEX Admission and Non-Voting Share Issue
Arbuthnot Banking Group PLC (the “Group”, the “Company” or “ABG”), announces that it has today made an application for admission of the entire issued ordinary share capital of 15,279,322 ordinary shares of £0.01 each (“Ordinary Shares”) to trading on the NEX Exchange Growth Market ("NEX Exchange”).
The Group’s Ordinary Shares will trade under the ticker NEX: ARBB and will continue to trade with the ISIN GB0007922338. The Ordinary Shares will continue to be admitted to trading on AIM (LSE:ARBB). Admission of the Ordinary Shares to trading on the NEX Exchange Growth Market is currently expected to occur on 17 May 2019.
In addition, as reported in the announcement of the Group’s final results for the year ended 31 December 2018 on 28 March 2019, the Company has made an application for 152,621 new ordinary non-voting shares of £0.01 each (“Ordinary Non-Voting Shares”) to be admitted to trading on the NEX Exchange Growth Market. The Ordinary Non-Voting Shares and will trade under the ticker NEX: ARBN and with the ISIN GB00BJRHYM66. The Ordinary Non-Voting Shares will not be admitted to trading on AIM.
The Ordinary Non-Voting Shares will be allotted and issued to the holders of Ordinary Shares appearing on the register of members of the Company at the close of business on 26 April 2019, on the basis of one Ordinary Non-Voting Share for every one hundred Ordinary Shares held (“Bonus Issue”). The Bonus Issue is subject to shareholder approval at the Company’s Annual General Meeting on 9 May 2019, and is conditional on admission to trading on the NEX Exchange. Admission of the Ordinary Non-Voting Shares to the NEX Exchange Growth Market is currently expected to occur on 17 May 2019.
The following documents are available for download: