ALLOTMENT AND ISSUE OF NEW ORDINARY SHARES

RNS Number : 9354L

Royal Bank of Scotland Group PLC

10 September 2012

 

THE ROYAL BANK OF SCOTLAND GROUP PLC

ALLOTMENT AND ISSUE OF NEW ORDINARY SHARES

The Royal Bank of Scotland Group plc (the "Company") announces the allotment and issue of 52,661,227 new ordinary shares (the "New Ordinary Shares") of the Company at a subscription price of 227.87 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 interim results on 3 August 2012.  The shares being issued are for the purposes of ensuring 2012 coupon payments on discretionary hybrid capital securities are neutralised from a Core Tier 1 capital perspective, as explained in the Company's first quarter 2012 results published on 4 May 2012.

Based on this subscription price, the gross proceeds of the issue are GBP 120 million. The New Ordinary Shares being issued represent an increase of approximately 0.875 per cent. in the Company's current issued ordinary shares.

The New Ordinary Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of the Company.

Applications will be made for admission of the 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, (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); and (iii) Euronext Amsterdam. It is expected that Admission will take place at 8.00 a.m. on 14 September 2012.

For Further Information Contact:

RBS Group Investor Relations Richard O'Connor, Head of Investor Relations [phone]

RBS Group Media Relations Michael Strachan, Group Media Centre [phone]

 

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