19th Sep 2007 11:10
Royal Bank of Scotland Group PLC19 September 2007 THE ROYAL BANK OF SCOTLAND GROUP PLC PLANS US DOLLAR PREFERENCE SHARE ISSUE 19th September 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 T ("the Series T Preference Shares"), which will be issued inthe form of American Depositary Receipts ("the Series T ADRs") in the UnitedStates, at a subscription price of US$25.00 per share. The Series T 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 T ADRs on the New York StockExchange. The Group is being advised in connection with the issue by Merrill Lynch & Co.,RBS Greenwich Capital, Morgan Stanley, UBS Investment Bank and WachoviaSecurities. The net proceeds from the sale of the Series T Preference Shares will be used tofund in part the cash portion attributable to the Group of the offer by aconsortium, including the Group, to acquire ABN AMRO Holding N.V., to strengthenthe Group's capital base and for general corporate purposes. For further information, or to obtain a prospectus, please contact: 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 1HQ Morgan StanleyTel: 0131 523 2028 Alexandra MacMahon Merrill Lynch International 20 Bank StreetSiddharth Prasad Canary WharfMerrill Lynch Financial LondonCentre2 King Edward Street E14 4ADLondon Tel: 020 7677 5099EC1A 1HQ Wachovia SecuritiesTel: 020 7996 5320 Stuart Aylward UBS Investment Bank 1 Plantation PlaceGary Abrahams 30 Fenchurch Street100 Liverpool Street LondonLondon EC3M 3BDEC2M 2RH Tel: 020 7149 8485Tel: 020 7567 2661 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 Preference Sharesor the Series T ADRs in any state in any State of the US in which such offer,solicitation or sale would be unlawful prior to the registration orqualification under the securities laws of any such State. This announcement isnot an invitation nor is it intended to be an inducement to engage in investmentactivity for the purpose of Section 21 of the Financial Services and Markets Act2000 of the United Kingdom (the "FSMA"). To the extent that this announcementdoes constitute an inducement to engage in any investment activity includedwithin this announcement, it is directed only at (i) persons who are outside theUnited Kingdom; (ii) persons who are investment professionals within the meaningof Article 19(5) of the Financial Services and Markets Act 2000 (FinancialPromotion) Order 2005 (as amended) of the United Kingdom (the "FinancialPromotion Order"); (iii) persons who fall within Articles 49(2)(a) to (d) ("highnet worth companies, unincorporated associations etc.") of the FinancialPromotion Order; and (iv) any other persons to whom this announcement for thepurposes of Section 21 of FSMA can otherwise lawfully be made (all such personstogether being referred to as "relevant persons"), and must not be acted on orrelied upon by persons other than relevant persons. Any invitation or inducementto engage in any investment activity included within this announcement isavailable only to relevant persons and will be engaged in only with relevantpersons. Anyone other than a relevant person must not rely on this announcement. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
RBS.L