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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
By Josh Beckerman
Royal Bank of Scotland PLC plans to exit its remaining 20.9% stake in Citizens Financial Group Inc. via a public offering of 110.5 million shares.
Citizens, a regional lender based in Providence, R.I., said Thursday that RBS expects its designee to the Citizens board to resign when the sale is completed.
Citizens shares fell 31 cents to $23.80 in after-hours trading.
Citizens went public in September 2014. Its initial public offering priced at $21.50, below an expected range of $23 to $25 a share.
RBS previously said it aimed to sell all of its Citizens stock by the end of 2016 as it planned to refocus on U.K. clients.
RBS raised $3.2 billion in March sale of Citizens shares. In July, RBS announced another sale of Citizens stock worth up to $2.6 billion, including overallotments.
Write to Josh Beckerman at josh.beckerman@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
October 29, 2015 20:06 ET (00:06 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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