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Investors
Preference share dividends
RBS has agreed to defer coupons and payments on certain capital securities for a period of two years.
Following the expiration of the European Commission ban on 30 April 2012, on 4 May 2012 RBS announced that it is in a position to resume discretionary coupons and dividend payments on hybrid capital instruments, which have been deferred for the last two years. This excludes Trust Preferred Securities of RBS Holdings N.V., formerly ABN AMRO Holdings N.V. which are still subject to the EC ban until 2 April 2013. As with all discretionary payments, Future coupons and dividends on RBS Group hybrid capital instruments will only be paid subject to, and in accordance with, the terms of the relevant instruments.
See the below documents for details.
| Date | Title | Announcements |
|---|---|---|
| 27 Nov 2009 | Announcement of EC State Aid commitments relating to preference shares and subordinated securities |  |
| 31 Aug 2010 | RBS NV announces commencement date of EC restrictions | |
Royal Bank of Scotland Series F - U Non Cumulative Preference Shares
| Date | Title | Announcements |
|---|---|---|
| 4 May 2012 | 3 months to 30 June 2012 - Payment | |
| 24 Feb 2012 | 3 months to 31 March 2012 - Payment | |
NatWest Series A and C Non Cumulative Dollar Preference
| Date | Title | Announcements |
|---|---|---|
| 4 May 2012 | 3 months to 30 June 2012 - Payment | |
| 24 Feb 2012 | 6 months to 16 April 2012 - Payment | |
Please note that following discussions with the European Commission RBS has agreed to the deferral of coupons and payments on certain hybrid capital securities for a period of two years. This two year deferral period commenced on 30 April 2010 for RBS Group securities and will commence on 1 April 2011 for RBS Holdings NV (formerly ABN AMRO Holdings NV) securities. For a list of affected securities refer to the Schedule.
The relevant announcements surrounding the deferral can be found in our announcements:
| Date | Title | Announcements |
|---|---|---|
| 20 Oct 2009 | Clarification of contractual position relating to the payments under preference shares and subordinated securities | |
| 27 Nov 2009 | Announcement of EC State Aid commitments relating to preference shares and subordinated securities | |
| 31 Aug 2010 | RBS NV announces commencement date of EC restrictions | |
Royal Bank of Scotland Series F - U Non Cumulative Preference Shares
| Date | Title | Announcements |
|---|---|---|
| 24 Nov 2011 | 3 months to 31 December 2011 - Payment | |
| 26 Aug 2011 | 3 months to 30 September 2011 - Payment | |
| 25 May 2011 | 3 Months to 30 June 2011 - Payment | |
| 25 Feb 2011 | 3 months to 31 March 2011 - Payment | |
NatWest Series A and C Non Cumulative Dollar Preference
| Date | Title | Announcements |
|---|---|---|
| 24 Nov 2011 | 3 months to 16 January 2012 - Payment | |
| 26 Aug 2011 | 6 months to 16 October 2011 - Payment | |
| 25 May 2011 | 3 Months to 16 July 2011 - Payment | |
| 25 Feb 2011 | 3 months to 16 April 2011 - Payment | |
Please note that following discussions with the European Commission RBS has agreed to the deferral of coupons and payments on certain hybrid capital securities for a period of two years. This two year deferral period commenced on 30 April 2010 for RBS Group securities and will commence on 1 April 2011 for RBS Holdings NV (formerly ABN AMRO Holdings NV) securities. For a list of affected securities refer to the Schedule.
The relevant announcements surrounding the deferral can be found in our announcements:
| Date | Title | Announcements |
|---|---|---|
| 20 Oct 2009 | Clarification of contractual position relating to the payments under preference shares and subordinated securities | |
| 27 Nov 2009 | Announcement of EC State Aid commitments relating to preference shares and subordinated securities | |
| 31 Aug 2010 | RBS NV announces commencement date of EC restrictions | |
Royal Bank of Scotland Series F - U Non Cumulative Preference Shares
| Date | Title | Announcements |
|---|---|---|
| 25 Nov 2010 | 3 months to 31 December 2010 - Payment | |
| 25 Aug 2010 | 3 months to 30 September 2010 - Payment | |
NatWest Series A and C Non Cumulative Dollar Preference
| Date | Title | Announcements |
|---|---|---|
| 25 Nov 2010 | 3 months to 16 January 2011 - Payment | |
| 25 Aug 2010 | 3 months to 16 October 2010 - Payment | |
Royal Bank of Scotland Series F - U Non Cumulative Preference Shares
| Date | Title | Announcements |
|---|---|---|
| 27 Nov 2009 | 3 months to 31 December 2009 | |
| 20 Aug 2009 | 3 months to 30 September 2009 - Payment | |
| 22 May 2009 | 3 months to 30 June 2009 - Payment | |
| 20 Feb 2009 | 3 months to 31 March 2009 - Payment | |
NatWest Series A and C Non Cumulative Dollar Preference
| Date | Title | Announcements |
|---|---|---|
| 27 Nov 2009 | 3 months to 16 January 2010 - Payment | |
| 20 Aug 2009 | 3 months & 6 months to 16 October 2009 - Payment | |
| 22 May 2009 | 3 months to 16 July 2009 | |
| 20 Feb 2009 | 6 months to 16 April 2009 | |
Royal Bank of Scotland Series F - U Non Cumulative Preference Shares
| Date | Title | Announcements |
|---|---|---|
| 20 Aug 2008 | 3 months to 30 September 2008 - Payment | |
| 30 Jun 2008 | 3 months to 30 June 2008 - Payment | |
| 31 Mar 2008 | 3 months to 31 March 2008 - Payment | |
NatWest Series A and C Non Cumulative Dollar Preference
| Date | Title | Announcements |
|---|---|---|
| 21 Nov 2008 | 3 months to 16 January 2009 | |
| 20 Aug 2008 | 3 months to 16 October 2008 | |
| 23 May 2008 | 3 months to 16 July 2008 | |
| 22 Feb 2008 | 6 months to 16 April 2008 | |
Royal Bank of Scotland Series F - U Non Cumulative Preference Shares
| Date | Title | Announcements |
|---|---|---|
| 30 Sep 2007 | 3 months to 30 September 2007 - Payment | |
| 30 Jun 2007 | 3 months to 30 June 2007 - Payment | |
| 31 Mar 2007 | 3 months to 31 March 2007 - Payment | |
| 30 Sep 2006 | 3 months to 30 September 2006 - Payment | |
| 30 Jun 2006 | 3 months to 30 June 2006 - Payment | |
| 31 Mar 2006 | 3 months to 31 March 2006 - Payment | |
NatWest Series A and C Non Cumulative Dollar Preference
| Date | Title | Announcements |
|---|---|---|
| 23 Nov 2007 | 3 months to 16 January 2008 | |
| 23 Aug 2007 | 6 months to 16 October 2007 | |
| 31 May 2007 | 6 months to 16 April 2007 | |
| 25 Mar 2007 | 3 months to 16 July 2007 | |
| 16 Oct 2006 | 6 months to 16 October 2006 | |
| 20 Feb 2006 | 6 months to 16 April 2006 | |
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