Employee Share Plans

RNS Number : 9314D

Royal Bank of Scotland Group PLC

23 May 2012

 



The Royal Bank of Scotland Group plc

Employee Share Plans

The Royal Bank of Scotland Group plc announces that it has applied to the London Stock Exchange and the UK Listing Authority for a new block listing of ordinary shares of 25 pence each. These shares are being allotted to trade on the London Stock Exchange and to be admitted to the Official List upon allotment pursuant to the Company's obligations under the following employee share plans:

i)          800,000,000 ordinary shares of 25 pence each in respect of The Royal Bank of Scotland Group plc 2010 Deferral Plan;

ii)         50,000,000 ordinary shares of 25 pence each in respect of The Royal Bank of Scotland plc Long Term Incentive Plan;

iii)        50,000,000 ordinary shares of 25 pence each in respect of The Royal Bank of Scotland Group plc 2007 Executive Share Option Plan;

iv)        50,000,000 ordinary shares of 25 pence each in respect of The Royal Bank of Scotland Group plc 2007 Sharesave Plan;

v)         10,000,000 ordinary shares of 25p each in respect of The Royal Bank of Scotland Group plc 2007 Irish Sharesave Plan;

vi)        11,000,000 ordinary shares of 25p each in respect of The Royal Bank of Scotland Group plc, Medium-term Performance Plan;

vii)       8,000,000 ordinary shares of 25p each in respect of The Royal Bank of Scotland Group plc, RBS 2010 Company Share Option Plan.

Participants in these employee share plans have or will become entitled to these new shares following the exercise of share options or allocation of share awards. The shares will rank equally with the existing ordinary shares of the Company. Application has been made for the 979,000,000 new shares to be admitted to the Official List and approval of the block listing application is expected on 24 May 2012.

 

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