Result of Placing and Open Of

RNS Number : 2605Q

Royal Bank of Scotland Group PLC

07 April 2009

 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO  CANADA, AUSTRALIA, JAPAN OR SOUTH AFRICA

The Royal Bank of Scotland Group plc ('RBS') - Result of Placing and Open Offer

7 April 2009

RBS today announces that, as at 11:00am on 6 April 2009, being the latest time for receipt of valid subscriptions,  it  had received valid acceptances in respect of  118,680,009 new RBS ordinary shares, representing approximately 0.70 per cent. of the total number of new RBS ordinary shares offered to shareholders pursuant to the 3 for 7 Placing and Open Offer announced by RBS on 19 January 2009 (the 'Open Offer').

In accordance with the arrangements set out in Part III of the Placing and Open Offer prospectus dated 16 March 2009  (the 'Prospectus'), at closing, HM Treasury will subscribe for the remaining 16,791,036,376 new RBS ordinary shares, for which valid acceptances were not received. As a result, HM Treasury will own approximately 70.3 per cent. of the enlarged issued ordinary share capital of RBS.

Definitions used in the Prospectus shall have the same meanings when used in this announcement unless the context otherwise requires.

Contacts

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

This announcement does not constitute an offer to sell, or a solicitation of an offer to subscribe for, any securities referred to in this announcement (the 'Securities') in any jurisdiction.

This announcement is not for distribution, directly or indirectly, in or into Canada, Australia, Japan or South Africa. 

The Securities have not been, and will not be, registered under the United States Securities Act of 1933 (the 'Securities Act'). The Securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. There will be no public offer of the Securities in the United States. 

The distribution of this announcement and/or the Prospectus and/or the Application Forms and/or the transfer or offering of New Shares into jurisdictions other than the United Kingdom may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This document has been prepared for the purposes of complying with applicable law and regulation in the United Kingdom and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside of the United Kingdom.

 

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