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Name | Symbol | Market | Type |
---|---|---|---|
Royal Bank of Scotland Group PLC | NYSE:RBS | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.09 | 0 | 01:00:00 |
LONDON--Royal Bank of Scotland Group PLC (RBS.LN) Thursday said it issued 21.3 million shares at a subscription price of 352.8114 pence each and sold them in the market, raising gross proceeds of GBP75 million ($116.2 million) and increasing the number of shares in circulation by 0.3%.
"The shares being issued are for the purposes of partly neutralizing the impact of 2015 coupon payments on discretionary hybrid capital from a Core Tier 1 capital perspective," RBS said.
The subscription price was determined by reference to the average market price during a period since the company's first quarter 2015 results on April 30, RBS said.
RBS shares closed up seven pence at 362 pence.
Write to Ed Ballard at ed.ballard@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Royal Bank of Scotland Chart |
1 Month Royal Bank of Scotland Chart |
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