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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
27/02/201517:32:11LONDON MARKETS: FTSE 100 Marks Best Monthly Gain In A Year
27/02/201501:08:00Global Retreat By RBS Stings US
26/02/201523:18:13ADR Shares End Mixed; Reed Elsevier Trades Actively
26/02/201520:33:37Correction to RBS Story
26/02/201520:01:09RBS to Reduce Global Footprint -- 4th Update
26/02/201519:21:36RBS to Reduce Global Footprint -- 3rd Update
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26/02/201514:04:16Correction to RBS to Reduce Global Footprint Story
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26/02/201511:34:49LONDON MARKETS: Standard Chartered Gains, But RBS Drops In London...
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26/02/201502:50:29Mizuho in Talks to Buy U.S. Loan Assets of RBS
23/02/201518:39:54LONDON MARKETS: FTSE 100 Slips As HSBC Shares Mark Worst Session...
23/02/201518:19:49LONDON MARKETS: HSBC Shares Hit In London Trade, Pulling FTSE...
21/02/201500:33:11U.S. Units of Deutsche Bank, Santander Expected to Fail Fed's...
18/02/201510:30:33LONDON MARKETS: Tesco Helps Push FTSE 100 Higher; Pound Climbs...

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