Shore Capital is delighted to have acted as Financial Adviser, Broker and Bookrunner on an oversubscribed £12 million Placing and Subscription for Arbuthnot Banking Group plc (AIM: ARBB), which is subject to shareholder approval.

The net proceeds of the fundraising will be used to enable Arbuthnot to maintain its current loan growth momentum in 2023 and beyond. It will also strengthen the Group’s ability to take advantage of the opportunities that are expected to emerge given the the current conditions in the non-bank lending markets despite the increase in the countercyclical capital buffer in July 2023 from 1% to 2%, which will increase the Group’s regulatory capital requirements.

For further information please contact:  

Shore Capital +44 (0) 20 7408 4090

Corporate Advisory: Daniel Bush/David Coaten/Tom Knibbs

For Shore Capital media enquiries, please contact:  

Will Poulton: +44 (0)74 8038 3738