Everyday Loans Limited change of control approval

RNS Number : 7083U

Secure Trust Bank PLC

08 April 2016

 

8 April 2016

Secure Trust Bank PLC

Receipt of unconditional approval from the FCA for the change of control of Everyday Loans Limited

Secure Trust Bank PLC ("STB") is pleased to announce that, as announced by Non-Standard Finance plc ("NSF") today, NSF has received unconditional approval from the Financial Conduct Authority for the change of control of Everyday Loans Limited ("ELG"), STB's branch based non-standard consumer lending business.

This condition to the sale of ELG (the "Disposal") has therefore been satisfied. The Disposal remains subject to all conditions precedent to utilisation of the Facilities under the Facilities Agreement having been satisfied or waived, but is expected to complete on 13 April 2016.

-ENDS-

Enquiries:

Secure Trust Bank PLC Sir Henry Angest, Non-Executive Chairman Andrew Salmon, Non-Executive Director Paul Lynam, Chief Executive Officer Neeraj Kapur, Chief Financial Officer David Marshall, Director of Communications	Tel: [phone] Tel: [phone] Tel: [phone]
Stifel Nicolaus Europe Limited (Financial Adviser and Broker) Robin Mann Gareth Hunt Stewart Wallace Keefe, Bruyette & Woods John Paul McGrath	Tel: [phone]
Canaccord Genuity Limited (Nominated Adviser and Broker) Sunil Duggal Roger Lambert	Tel: [phone]
Bell Pottinger (Financial PR) Ben Woodford Dan de Belder	Tel: [phone]

-ENDS-

 

END

 

 

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