The UK Government became the majority shareholder of RBS in November 2008 and now own 67% of ordinary shares.
The UK Government initially took a 58% stake in RBS ordinary shares alongside a tranche of preference shares in November 2008. In April 2009 the preference shares were converted into ordinary shares and the Government's ordinary shareholding in RBS now stands at 67%.
Including the Governments acquisition of B shares in December 2009 the total economic ownership of the UK Government is 82% of the RBS Group.
The UK Government formed UK Financial Investments Ltd (UKFI) to manage its investments in financial institutions including RBS. UKFI has been given a clear mandate by the Government with an overarching objective to dispose of the Government's shareholdings in an orderly and active way, with due regard to financial stability and the promotion of competition.
| Dec 07 | Dec 08 | Dec 09 | Dec 10 | Dec 11 | |
|---|---|---|---|---|---|
| Government | 0% | 58% | 70% | 68% | 67% |
| Institutional | 79% | 34% | 21% | 21% | 22% |
| Retail | 9% | 4% | 5% | 6% | 8% |
| Other | 12% | 4% | 4% | 5% | 3% |
Excluding the UKFI holding, RBS shareholders are predominantly institutional with a reasonably broad geographic spread.
| Dec 07 | Dec 08 | Dec 09 | Dec 10 | Dec 11 | |
|---|---|---|---|---|---|
| UK | 55% | 56% | 58% | 65% | 61% |
| North America | 26% | 26% | 22% | 14% | 18% |
| Europe | 14% | 11% | 15% | 15% | 15% |
| Rest of world | 5% | 7% | 5% | 6% | 6% |