Notification of Major Interest in Shares

RNS Number : 8073F

Royal Bank of Scotland Group PLC

20 June 2012

 

For filings with the FSA include the annex          For filings with issuer exclude the annex           TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii				The Royal Bank of Scotland Group plc
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights					x
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		The Solicitor for the affairs of Her Majesty's Treasury
4. Full name of shareholder(s)  (if different from 3.):iv
5. Date of the transaction and date on which the threshold is crossed or reached: v		18 June 2012
6. Date on which issuer notified:		19 June 2012
7. Threshold(s) that is/are crossed or reached: vi, vii		Fallen below 66%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00B7T77214

3,964,483,519

15,857,934,076

3,964,483,519

15,857,934,076

65.43%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Series 1 class B shares

£5.00 (subject to adjustment)

-

Any time

Up to 20,400,000,000 (depending on extent of conversion into ordinary shares)

Nominal

Delta

Up to 45.7%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

36,257,934,076

81.54%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
UKFI Financial Investments Limited, a company wholly-owned by Her Majesty's Treasury, is entitled to exercise control over the voting rights which are the subject of this notification (pursuant to certain management arrangements agreed with Her Majesty's Treasury). The solicitor for the affairs of Her Majesty's Treasury is acting as nominee for Her Majesty's Treasury.
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:
14. Contact name:	Vicky Malpus, UKFI
15. Contact telephone number:	[phone]

Note: Annex should only be submitted to the FSA not the issuer
Annex: Notification of major interests in share
A: Identity of the persons or legal entity subject to the notification obligation
Full name (including legal form of legal entities)	The Solicitor for the affairs of Her Majesty's Treasury
Contact address (registered office for legal entities)	One Kemble Street, London, WC2B 4TS
Phone number & email	c/o Vicky Malpus; [e-mail]; 0207 070 5942
Other useful information (at least legal representative for legal persons)
B: Identity of the notifier, if applicable
Full name	Vicky Malpus
Contact address	UKFI, 1a Cockspur Street, London SW1Y 5BG
Phone number & email	[e-mail]; 0207 070 5942
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)	UKFI holds power of attorney to act in TSol's name and on its behalf in connection with all meetings of shareholders held by The Royal Bank of Scotland Group
C: Additional information
For notes on how to complete form TR-1 please see the FSA website.

 

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