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Arrow Global: RBS Disposes of 23.9% Stake

LONDON-- Debt buyer Arrow Global Group PLC (ARW.LN) said Thursday that the RBS Special Opportunities Fund has executed an agreement for the disposal of its 23.9% shareholding in the company. MAIN FACTS: -This disposal was effected by way of a placing of shares to institutional investors -As a result of the disposal, Lindsey McMurray and Ian Gascoigne, directors of the company appointed by the RBS Special Opportunities Fund, have agreed to step down from the board of the Company with immediate effect. -Shares at 1000 GMT, down 5 pence, or 2.3%, at 230 pence valuing the company at GBP401.2 million. -Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Share News for Royal Bank of Scotland (RBS)
DateTimeHeadline
06/07/201522:47:37ADRs End Lower; Financial Firms Decline
06/07/201515:06:43PRESS: UK Targets Sale Of Half Its RBS Stake In 2 Years - Reuters...
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03/07/201506:54:07PRESS: RBS Could Face USD13 Billion US Mortgage Penalty - Bloomberg
30/06/201516:55:34Royal Bank of Scotland Group PLC De-listing Notification
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25/06/201513:41:01Styles & Wood Group PLC Holding(s) in Company
23/06/201517:37:57Royal Bank of Scotland Group PLC Result of AGM
23/06/201515:06:17RBS to Return Any Surplus Capital to Shareholders over Coming...
23/06/201514:31:42RBS On Track As CEO Reiterates Intention To Return Surplus Capital
23/06/201513:55:56Royal Bank of Scotland Group PLC Annual General Meeting Statements
22/06/201516:59:13RBS Group Says Chairman To Join Board Later Than Expected
22/06/201516:18:40Royal Bank of Scotland Group PLC AGM 2015 - Update
22/06/201507:10:41Two More Chinese Companies Join Hong Kong IPO Parade
22/06/201506:41:25PRESS: RBS Facing Issues With Williams & Glyn Spin-Off - The...
19/06/201513:30:07China's Red Star Raises US$931 Million in Hong Kong IPO
18/06/201508:00:05Royal Bank of Scotland Group PLC Technology Transformation Webinar
17/06/201513:17:37RBS "Working Flat Out" After Payments Go Missing
16/06/201508:06:50Royal Bank of Scotland Group PLC Goldman Sachs European Financials...
11/06/201519:16:40RBS Issues Shares to Balance Effect of Coupon Payments on Capital...

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