TR-1 Notification of Major In

RNS Number : 7786E

Royal Bank of Scotland Group PLC

29 December 2009

 

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					Yes
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		The Commissioners of Her Majesty's Treasury
4. Full name of shareholder(s)   (if different from 3.):iv		The Solicitor for the affairs of Her Majesty's Treasury
5. Date of the transaction and date on which the threshold is crossed or reached: v		22 December 2009
6. Date on which issuer notified:		24 December 2009
7. Threshold(s) that is/are crossed or reached: vi, vii		84%

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

GB0007547838

39,644,835,194

39,644,835,194

39,644,835,194

39,644,835,194

70.33%

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

£0.50 (subject to adjustment)

-

Any time

Up to 51,000,000,000 (depending on extent of conversion into ordinary shares)

Nominal

Delta

Up to 47.49% (on a diluted basis - see section 13 below)

Total (A+B+C)

Number of voting rights

Percentage of voting rights

90,644,835,194

Up to 84.92% (on a diluted basis - see section 13 below)

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
UK 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)
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:	The conversion of the non-voting series 1 class B shares into ordinary shares will be effected by the issue by The Royal Bank of Scotland Group plc of new ordinary shares. The total percentage of voting rights is therefore shown in this form on a diluted basis. The Solicitor for the affairs of Her Majesty's Treasury is acting as nominee for Her Majesty's Treasury
14. Contact name:	Mridul Hegde
15. Contact telephone number:	[phone]

 

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