20th Jun 2007 17:13
Royal Bank of Scotland Group PLC20 June 2007 THE ROYAL BANK OF SCOTLAND GROUP PLC PLANSUS DOLLAR PREFERENCE SHARE ISSUE20th June 2007 The Royal Bank of Scotland Group plc ("the Group") is pleased to announce thatit intends to issue Category II Non-cumulative Dollar Preference Shares to bedesignated Series S ("the Series S Preference Shares"), which will be issued inthe form of American Depositary Receipts ("the Series S ADRs") in the UnitedStates, at a subscription price of US$25.00 per share. The Series S Preference Shares will be issued under a Form F-3 ShelfRegistration Statement which the Group has filed with the US Securities andExchange Commission and which provides for the offer and sale from time to timeof, among other things, the Group's dollar preference shares. Application will be made to list the Series S ADRs on the New York StockExchange. The Group is being advised in connection with the issue by Merrill Lynch & Co.,Wachovia Securities and RBS Greenwich Capital. The proceeds of the issue of the Series S Preference Shares will be used forgeneral corporate purposes, which may include the redemption or repurchase ofoutstanding securities, and to strengthen the Group's capital base. 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 Preference Sharesin 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 Preference Shares will be offered to thepublic 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 Management and SecuritisationExecutive House G 280 BishopsgateRBS Gogarburn LondonPO Box 1000 EC2M 4RBEdinburgh Tel: 020 7085 4925EH12 1HQTel: 0131 523 2028 Merrill Lynch InternationalSteven BlackMerrill Lynch Financial Centre2 King Edward StreetLondonEC1A 1HQTel: 020 7995 2387 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
RBS.L