5 May 2023
Arbuthnot Banking Group plc
("Arbuthnot", the "Company" or the "Group")
Director Dealing
Further to the Company's announcements dated 14 April 2023 and 4 May 2023, following the Admission of the New Ordinary Shares issued pursuant to the Placing and Subscription, Sir Henry Angest, the Chairman and Chief Executive of the Company has subscribed for 729,843 new Ordinary Shares (via Flowidea Limited, a company of which he is the sole beneficial owner). Sir Henry Angest was interested in approximately 56.26 per cent. of the voting rights in the Company prior to the completion of the Placing and Subscription and accordingly will remain interested in approximately 56.26 per cent. of the voting rights in the Company as a result of the Subscription.
Sir Henry Angest also holds 86,674 Ordinary Non-Voting Shares representing 64.88 per cent of the total number of non-voting shares in issue excluding shares held in Treasury.
This announcement should be read in conjunction with the Company's announcements on 14 April 2023 and 4 May 2023 and the full text of the Company's circular dated 18 April 2023 ("Circular"), copies of which are available on the Company's website at www.arbuthnotlatham.co.uk/group.
Capitalised terms in this announcement not otherwise defined, have the same meaning as given in the Circular.
Further details are set out in the PDMR form below, made in accordance with the Market Abuse Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.
Enquiries:
| Arbuthnot Banking Group Sir Henry Angest, Chairman and Chief Executive Andrew Salmon, Group Chief Operating Officer James Cobb, Group Finance Director
| 020 7012 2400 |
| Grant Thornton UK LLP (Nominated Adviser and AQSE Exchange Corporate Adviser) Colin Aaronson Samantha Harrison George Grainger Ciara Donnelly
| 020 7383 5100 |
| Shore Capital (Broker) Daniel Bush David Coaten Tom Knibbs
| 020 7408 4090 |
| H/Advisors Maitland (Financial PR) Sam Cartwright | 020 7379 5151
|
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Sir Henry Angest | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chairman and Chief Executive | ||||
| b) | Initial notification /Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Arbuthnot Banking Group plc | ||||
| b) | LEI | 213800LAWPXT3H3SNN21 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary voting shares of 1p each ISIN: GB0007922338 | ||||
| b) | Nature of the transaction | Subscription for new Ordinary Shares | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information: Aggregated volume Aggregated price |
N/A - single transaction | ||||
| e) | Date of the transaction | 5 May 2023 | ||||
| f) | Place of the transaction | Off-market | ||||
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