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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Royal Bank Of Scotland Group Plc | LSE:RBS | London | Ordinary Share | GB00B7T77214 | ORD 100P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 120.90 | 121.35 | 121.40 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMRBS
RNS Number : 2389L
Royal Bank of Scotland Group PLC
17 April 2018
17 April 2018
Allotment and Issue of New Ordinary Shares
The Royal Bank of Scotland Group plc (the "Company") announces the allotment and issue of 32,476,650 new ordinary shares (the "New Ordinary Shares") of the Company at a subscription price of 261.7265 pence per New Ordinary Share. The shares have been sold in the market. The subscription price was determined by reference to the average market price during a period since the Company's Full Year results on 23 February 2018.
The shares being issued are for the purposes of partly neutralising the impact of 2018 coupon payments on discretionary hybrid capital from a Common Equity Tier 1 capital perspective, as explained in the Company's Full Year 2017 results announcements.
Based on this subscription price, the gross proceeds of the issue are GBP85 million. The New Ordinary Shares being issued represent an increase of approximately 0.27% in the Company's current issued ordinary shares. The New Ordinary Shares will, when issued, be credited as fully paid and rank pari passu in all respects with the existing ordinary shares of the Company.
Applications will be made for admission of the New Ordinary Shares to the premium listing segment of the Official List of the UK Listing Authority and to trading (together "Admission") on (i) the main market of the London Stock Exchange and (ii) the New York Stock Exchange ("the NYSE"). American Depositary Shares ("ADS") will also be listed with the NYSE in addition to the New Ordinary Shares underlying the ADSs. It is expected that Admission will take place at 8.00 a.m. on 23 April 2018.
For further information, please contact:
RBS Investor Relations
Matt Waymark
Head of Investor Relations
+44 20 7672 1958
RBS Media Relations
+44 131 523 4205
Legal Entity Identifier: 2138005O9XJIJN4JPN90
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEIRMRTMBMBBJP
(END) Dow Jones Newswires
April 17, 2018 13:07 ET (17:07 GMT)
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