21st Sep 2007 08:47
Royal Bank of Scotland Group PLC21 September 2007 THE ROYAL BANK OF SCOTLAND GROUP PLC AGREES PRICE FOR US$1.45 BILLION PREFERENCESHARE ISSUE 21st September 2007 The Royal Bank of Scotland Group plc ("the Group") is pleased to announce thepricing on 20th September, 2007 of 58,000,000 Category II Non-cumulative DollarPreference Shares to be designated Series T ("the Series T Dollar PreferenceShares"), which will be issued in the form of American Depositary Receipts ("theSeries T ADRs") in the United States, at a subscription price of US$25.00 pershare, with an annual dividend rate of US$1.8125 per share. Non-cumulative preferential dividends on the Series T 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$1.8125 annually per Series T DollarPreference Share. The first dividend is payable on 31 December 2007. The SeriesT Dollar Preference Shares can be redeemed in whole, but not in part, by theGroup, at any time on or after 31 December 2012 at US$25.00 per share, plusaccrued dividends for the then-current dividend period. The Group is being advised in connection with the issue by Merrill Lynch & Co.,RBS Greenwich Capital, Morgan Stanley, UBS Investment Bank and WachoviaSecurities. 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 Morgan Stanley Merrill Lynch International Alexandra MacMahonSiddharth Prasad 20 Bank StreetMerrill Lynch Financial Canary WharfCentre2 King Edward Street LondonLondon E14 4ADEC1A 1HQ Tel: 020 7677 5099Tel: 020 7996 5320 Wachovia Securities UBS Investment Bank Stuart AylwardGary Abrahams 1 Plantation Place100 Liverpool Street 30 Fenchurch StreetLondon LondonEC2M 2RH EC3M 3BDTel: 020 7567 2661 Tel: 020 7149 8485 For a copy of the prospectus, please call 1-866-289-1262. 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 T 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. This announcement is not an invitation nor is it intended to be an inducement toengage in investment activity for the purpose of Section 21 of the FinancialServices and Markets Act 2000 of the United Kingdom (the "FSMA"). To the extentthat this announcement does constitute an inducement to engage in any investmentactivity included within this announcement, it is directed only at (i) personswho are outside the United Kingdom, (ii) persons who are investmentprofessionals within the meaning of Article 19(5) of the Financial Services andMarkets Act 2000 (Financial Promotion) Order 2005 (as amended) of the UnitedKingdom (the "Financial Promotion Order"); (iii) persons who fall withinArticles 49(2)(a) to (d) ("high net worth companies, unincorporated associationsetc.") of the Financial Promotion Order; and (iv) any other persons to whom thisannouncement for the purposes of Section 21 of FSMA can otherwise lawfully bemade (all such persons together being referred to as "relevant persons"), andmust not be acted on or relied upon by persons other than relevant persons. Anyinvitation or inducement to engage in any investment activity included withinthe announcement is available only to relevant persons and will be engaged inonly with relevant persons. Anyone other than a relevant person must not rely onthis announcement. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
RBS.L