Royal Bank of Scotland Group PLC
20 June 2000
EXTRAORDINARY GENERAL MEETING - 20 JUNE 2000
At an Extraordinary General Meeting of the shareholders of The Royal Bank of
Scotland Group plc held at 11.00 a.m. today, resolutions were passed:
1. approving and implementing the bonus issue of Additional Value Shares
('AVS's') and amending the Articles of Association of the Company;
2. approving the adoption of The Royal Bank of Scotland Group plc Option
2000 Scheme;
3. approving the adoption of The Royal Bank of Scotland Group plc Employee
Share Option Scheme; and
4. rectifying the specified dividend payments and authorising and directing
the Company to enter into deeds of release in favour of the shareholders
and Directors.
Votes cast in favour of each resolution exceeded 99 per cent of the total
votes cast. Details of the resolutions were set out in the Notice contained
in the Circular Letter to Shareholders dated 23 May 2000.
When the selling facility in respect of the AVS's was closed at 11.00 a.m. on
18 June, elections had been received in respect of nearly one billion shares,
which represents over one third of the AVS's.
Commenting on the wider integration process, Viscount Younger said 'The
integration of NatWest within the Royal Bank Group is proceeding well and we
will deliver our second reports on progress when we announce our interim
results on 1 August 2000.'
Contacts:
Miller McLean
Group Director, Legal and Regulatory Affairs and Group
Secretary
Tel: 0131 523 2223
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.