16 May 2017
Capital reorganisation - notice of petition
The Royal Bank of Scotland Group plc ("the Company") announced its intention alongside its Q3 2016 results to propose a resolution to shareholders to cancel the Company's share premium account and capital redemption reserve (the "Resolution"), subject to the confirmation of the Court of Session (the "Court"). At the Company's Annual General Meeting ("AGM") on 11 May 2017, the Resolution was passed.
As at the date of the AGM, the balance of the Company's share premium account was
On 11 May 2017, a Petition was presented to the Court seeking an order confirming the cancellation of the Company's share premium account and capital redemption reserve. A copy of the notice of the Company's application is set out below.
NOTICE OF APPLICATION TO THE COURT
"THE ROYAL BANK OF
Company Number: SC045551
Notice is hereby given that, on 11 May 2017, a Petition was presented to the Court of Session in
On 12 May 2017, the Court ordered (i) that the Petition be advertised once in each of The Edinburgh Gazette, The Scotsman, the Financial Times (
Any such person may wish to seek independent legal advice. In accordance with its practice, the Court is also likely to consider any other objections which are made to it, in writing or in person at the hearing of the Petition to confirm the Reduction. That hearing is expected to take place at the Court on 15 June 2017. Should that date change, the new date will be advertised on the website of The Royal Bank of Scotland Group plc at http://investors.rbs.com/. A copy of this advertisement will also be available on that same web page.
CMS Cameron McKenna Nabarro Olswang LLP
20 Castle Terrace
Solicitors to The Royal Bank of Scotland Group plc"
Information regarding our 2017 AGM can be found at:
For further information, please contact:
RBS Investor Relations
Head of Debt Investor Relations
Tel: +44 (0) 20 7678 1800
Legal Entity Identifier: 2138005O9XJIJN4JPN90
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