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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 |
From May 2019 to May 2024
LONDON--Royal Bank of Scotland Group PLC has repaid £ 1.19 billion ($1.71 billion) to the British government and will retire the bank's so-called dividend access share, taking the 73% state-owned lender one step closer to paying dividends to its ordinary shareholders.
The dividend access share--giving the government preferential rights to RBS shareholder payouts--was issued in 2009 when the British Treasury rescued the troubled bank by providing £ 25.5 billion of equity capital in exchange for B shares.
"This is another important milestone in our plan to resume capital distributions to our shareholders, and represents one less hurdle in our path to build the number one bank for customer service, trust and advocacy," Chief Executive Ross McEwan said.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
March 22, 2016 04:45 ET (08:45 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
1 Year Royal Bank of Scotland Chart |
1 Month Royal Bank of Scotland Chart |
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