Confirmation re stated post-offer intentions

RNS Number : 9837A

Royal Bank of Scotland Group PLC

03 June 2019

 

THE FOLLOWING ANNOUNCEMENT IS BEING MADE PURSUANT TO THE REQUIREMENTS OF RULE 19.6(C) OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE"), WHICH, INTER ALIA, REQUIRES A PARTY TO AN OFFER TO MAKE AN ANNOUNCEMENT AT THE END OF A PERIOD OF 12 MONTHS FROM THE DATE ON WHICH THE OFFER PERIOD ENDED CONFIRMING WHETHER IT HAS TAKEN, OR NOT TAKEN, THE COURSE OF ACTION SET OUT IN ITS STATED INTENTIONS

FOR IMMEDIATE RELEASE

3 June 2019

The Royal Bank of Scotland Group plc

Confirmation with Respect to Stated Post-Offer Intentions With Regard to

FreeAgent Holdings Plc

The Royal Bank of Scotland Group plc ("RBS"), announces that further to the completion of the recommended cash offer for the entire issued and to be issued ordinary share capital of FreeAgent Holdings Plc by its indirect subsidiary Silvermere Holdings Limited, which was effected by way of a scheme of arrangement under Part 26 of the Companies Act 2006 on 1 June 2018, its board of directors has duly confirmed in writing to The Panel on Takeovers and Mergers in accordance with the requirements of Rule 19.6(c) of the Code that RBS has complied with its post-offer statements of intent made pursuant to Rules 2.7(c)(iv) and 24.2 of the Code, as originally detailed in its announcement of 27 March 2018 and the scheme document published on 11 April 2018.

Enquiries:

RBS Investor Relations:

Alexander Holcroft
Head of Investor Relations
Tel: [phone]

Legal Entity Identifiers

The Royal Bank of Scotland Group plc

2138005O9XJIJN4JPN90

 

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