Released 11:10 19-Sep-07
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 that
it intends to issue Category II Non-cumulative Dollar Preference Shares to be
designated Series T ("the Series T Preference Shares"), which will be issued in
the form of American Depositary Receipts ("the Series T ADRs") in the United
States, at a subscription price of US$25.00 per share.
The Series T Preference Shares will be issued under a Form F-3 Shelf
Registration Statement which the Group has filed with the US Securities and
Exchange Commission and which provides for the offer and sale from time to time
of, among other things, the Group's dollar preference shares.
Application will be made to list the Series T ADRs on the New York Stock
Exchange.
The Group is being advised in connection with the issue by Merrill Lynch & Co.,
RBS Greenwich Capital, Morgan Stanley, UBS Investment Bank and Wachovia
Securities.
The net proceeds from the sale of the Series T Preference Shares will be used to
fund in part the cash portion attributable to the Group of the offer by a
consortium, including the Group, to acquire ABN AMRO Holding N.V., to strengthen
the 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 Huggett
Group Finance Director Director, Capital Management and Securitisation
Executive House G 280 Bishopsgate
RBS Gogarburn London
PO Box 1000 EC2M 4RB
Edinburgh Tel: 020 7085 4925
EH12 1HQ Morgan Stanley
Tel: 0131 523 2028 Alexandra MacMahon
Merrill Lynch International 20 Bank Street
Siddharth Prasad Canary Wharf
Merrill Lynch Financial London
Centre
2 King Edward Street E14 4AD
London Tel: 020 7677 5099
EC1A 1HQ Wachovia Securities
Tel: 020 7996 5320 Stuart Aylward
UBS Investment Bank 1 Plantation Place
Gary Abrahams 30 Fenchurch Street
100 Liverpool Street London
London EC3M 3BD
EC2M 2RH Tel: 020 7149 8485
Tel: 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 of
an offer to buy, nor shall there be any sale of the Series T Preference Shares
or 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 or
qualification under the securities laws of any such State. This announcement is
not an invitation nor is it intended to be an inducement to engage in investment
activity for the purpose of Section 21 of the Financial Services and Markets Act
2000 of the United Kingdom (the "FSMA"). To the extent that this announcement
does constitute an inducement to engage in any investment activity included
within this announcement, it is directed only at (i) persons who are outside the
United Kingdom; (ii) persons who are investment professionals within the meaning
of Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (as amended) of the United Kingdom (the "Financial
Promotion Order"); (iii) persons who fall within Articles 49(2)(a) to (d) ("high
net worth companies, unincorporated associations etc.") of the Financial
Promotion Order; and (iv) any other persons to whom this announcement for the
purposes of Section 21 of FSMA can otherwise lawfully be made (all such persons
together being referred to as "relevant persons"), and must not be acted on or
relied upon by persons other than relevant persons. Any invitation or inducement
to engage in any investment activity included within this announcement is
available only to relevant persons and will be engaged in only with relevant
persons. 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 Exchange
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