19th May 2006 11:12
Royal Bank of Scotland Group PLC19 May 2006 THE ROYAL BANK OF SCOTLAND GROUP PLC AGREES PRICE FOR US$ 675 MILLION PREFERENCESHARE ISSUE 19th May 2006 The Royal Bank of Scotland Group plc ("the Group") is pleased to announce thepricing of 27,000,000 Category II Non-cumulative Dollar Preference Shares to bedesignated Series Q ("the Series Q Dollar Preference Shares"), which will beissued in the form of American Depositary Receipts ("the Series Q ADRs") in theUnited States, at a subscription price of US$25.00 per share. Non-cumulative preferential dividends on the Series Q Dollar Preference Shareswill be payable in US dollars quarterly in arrear on 31 March, 30 June, 30September and 31 December, at a rate of 6.75% per annum of the liquidationamount of $25.00 per Series Q Dollar Preference Share. The first coupon ispayable 30 June 2006. The Series Q Dollar Preference Shares can be redeemed inwhole or in part at any time on or after 30 June 2011 at US$25.00 per share,plus accrued dividends for the then-current dividend period. The Group is being advised in connection with the issue by Citigroup GlobalMarkets Inc. and RBS Greenwich Capital, who are also acting with Merrill Lynch &Co, Morgan Stanley, UBS Securities LLC, and Wachovia Securities as managers. This announcement shall not constitute an offer to sell or the solicitation ofan offer to buy, nor shall there be any sale of the Series Q Dollar PreferenceShares in any State of the US in which such offer, solicitation or sale would beunlawful prior to their registration or qualification under the securities lawsof any such State. Further, no Series Q Dollar Preference Shares will be offeredto the public in the UK. For further information or to obtain a copy of the related prospectus, pleasecontact; The Royal Bank of Scotland Group plc Guy Whittaker Ron HuggettGroup Finance Director Director Capital ManagementExecutive House G 280 BishopsgateRBS Gogarburn LondonPO Box 1000 EC2M 4RBEdinburgh Tel: 020 7085 4925EH12 1HQTel: 0131 523 2028 Citigroup Global Markets Ltd Alan PattersonManaging DirectorCitigroup Global Markets Limited33 Canada SquareCanary WharfLondonE14 5LBTel: 020 7986 8990 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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