8th May 2007 09:42
Royal Bank of Scotland Group PLC08 May 2007 Company Announcement The Royal Bank of Scotland Group plc Adjustment of voting rights of Non-Cumulative Preference Shares to reflect 2 for1 Bonus Issue of Ordinary Shares 8 May 2007 The Royal Bank of Scotland Group plc (the "Company") has today issued, by way ofa Bonus Issue, two new ordinary shares of 25 pence each for every one ordinaryshare held by shareholders of the Company at close of business on 4 May 2007(the "Bonus Issue"). The holders of the Company's non-cumulative preference shares are entitled tovote at a general meeting of shareholders in certain limited circumstances. Thenumber of votes attaching to each share is, under the terms and conditions ofthe shares, subject to adjustment to reflect any bonus issue of ordinary shares.To reflect the Bonus Issue, therefore, the board of directors of the Company hasresolved that if the holders of non-cumulative preference shares are entitled tovote at a general meeting, the number of votes which each holder has on a pollwill now be three votes per share instead of one vote per share (or, in the caseof the shares marked with an asterisk below, six votes per share instead oftwo). These adjustments maintain the voting rights of each non-cumulativepreference share as a proportion of the total votes entitled to be cast at ageneral meeting. The adjustments apply to the following non-cumulative preference shares: Category II non-cumulative dollar preference shares Series F* Series H Series L Series M Series N Series P Series Q Series R Non-cumulative euro preferred securities Series 1 Series 2 Non-cumulative convertible sterling preference shares Series 1 Non-cumulative convertible dollar preference shares Series 1. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
RBS.L