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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
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25/07/201417:17:23LONDON MARKETS: RBS Shares Leap In London, But BSkyB Drops
25/07/201417:08:51LONDON MARKETS: RBS Shares Leaps In London, But BSkyB Drops
25/07/201411:06:31Lloyds Bank Nears Rate-Probe Settlement--Update
25/07/201411:06:11LONDON MARKETS: London Stocks Rise After U.K. GDP Returns To...
25/07/201411:05:48U.K. Equities Take the Limelight in European Markets
25/07/201411:03:41LONDON MARKETS: BSkyB Drops, RBS Climbs As London Stocks Fall
25/07/201411:03:34LONDON MARKETS: BSkyB Drops, RBS Climbs In London Trade
18/07/201423:59:07EUROPE MARKETS: European Stocks Slip; Shire Leads FTSE Gains
18/07/201423:50:41EUROPE MARKETS: European Stocks Fall; RBS, Volvo Among Decliners
18/07/201411:57:07U.K. to Probe Retail Banking Sector
18/07/201401:02:33RBS Winding Down a Distressed-Debt Unit -Bloomberg
24/06/201417:40:22Fed Gives Banks Extra Time on Capital Plans
24/06/201417:00:06Correction to Fed Gives Four Banks Time to Resubmit Capital Plans...
24/06/201416:38:54Fed Gives Four Banks Six Extra Months to Resubmit Capital Plans
23/06/201417:33:15LONDON MARKETS: U.K. Housing Stocks Sag On Mortgage Concerns
23/06/201414:06:50LONDON MARKETS: U.K. Housing Stocks Sag On Mortgage-rule Concerns
22/06/201421:44:41Documents Said to Tie Former RBS Unit to bin Laden Family Members
28/05/201417:37:12EUROPE MARKETS: European Stocks Tilt Lower; Glaxo Falls On Probe...
27/05/201420:02:12RBS to Cut Hundreds of U.S. Jobs -- Update

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