25th Jun 2007 08:23
Royal Bank of Scotland Group PLC25 June 2007 THE ROYAL BANK OF SCOTLAND GROUP PLC AGREES PRICE FOR US$950 MILLION PREFERENCESHARE ISSUE 25th June 2007 The Royal Bank of Scotland Group plc ("the Group") is pleased to announce thepricing of 38,000,000 Category II Non-cumulative Dollar Preference Shares to bedesignated Series S ("the Series S Dollar Preference Shares"), which will beissued in the form of American Depositary Receipts ("the Series S ADRs") in theUnited States, at a subscription price of US$25.00 per share, with a dividendrate of US$1.65 per share. Non-cumulative preferential dividends on the Series S Dollar Preference Shareswill be payable in US dollars quarterly in arrears on 31 March, 30 June, 30September and 31 December, at a rate of US$1.65 annually per Series S DollarPreference Share. The first dividend is payable on 30 September 2007. The SeriesS Dollar Preference Shares can be redeemed in whole or in part, by the Group, atany time on or after 30 June 2012 at US$25.00 per share, plus accrued dividendsfor the then-current dividend period. The Group is being advised in connection with the issue by Merrill Lynch & Co.,Wachovia Securities and RBS Greenwich Capital. 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 S Dollar PreferenceShares in any State of the US in which such offer, solicitation or sale would beunlawful prior to the registration or qualification under the securities laws ofany such State. Further, no Series S Dollar Preference Shares will be offered tothe 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,Executive House G Capital Management and SecuritisationRBS Gogarburn 280 BishopsgatePO Box 1000 LondonEdinburgh EC2M 4RBEH12 1HQ Tel: 020 7085 4925Tel: 0131 523 2028 Merrill Lynch International Siddharth PrasadMerrill Lynch Financial Centre2 King Edward StreetLondonEC1A 1HQTel: 020 7996 5320 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
RBS.L