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Intended cancellation of RBS Pref Shares

18th Mar 2009 16:18

RNS Number : 0873P
Royal Bank of Scotland Group PLC
18 March 2009
 

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

Intended cancellation of listing of RBS Preference Shares

The Royal Bank of Scotland Group plc ("RBSG") announces, pursuant to Listing Rule 5.2.8 that, subject to the capital restructuring (which was announced on 19 January 2009 and is further described in the prospectus published by RBSG on 16 March 2009 (the "Prospectus") in connection with RBSG's placing and open offer of 16,909,716,385 ordinary shares (the "New Ordinary Shares")) becoming effective, it intends to cancel the listing of all of the 5,000,000 Non-cumulative Sterling Preference Shares of £1.00 each, Series 2, ISIN: GB00B3F6NM66 on the Official List and admission of such securities to trading on the London Stock Exchange. Such cancellation is expected to take effect as from 8.00 a.m. on the day following the date of admission of the New Ordinary Shares, which is expected to occur on 14 April 2009.

Contacts:

David O'LoanHead of Group Capital Management The Royal Bank of Scotland Group plc 5th Floor 280 Bishopsgate London EC2M 4RB

Tel: 020 7085 4925 

Fax: 020 7293 9966

This document is not a prospectus but an advertisement and investors should not subscribe for any securities referred to in this document except on the basis of the information contained in the Prospectus.

These materials are not for distribution, directly or indirectly in, or into Australia, Canada, Japan or South Africa. This document does not constitute an offer to sell, or a solicitation of an offer to subscribe for, the securities being issued in connection with the placing and open offer, in any jurisdiction in which such offer or solicitation is unlawful.

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

This information is provided by RNS
The company news service from the London Stock Exchange
 
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