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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
27/03/201512:10:10RBS Sells Private Banking and Wealth Management Businesses
27/03/201510:40:35UPDATE: RBS To Sell Coutts International Business To Switzerland's...
27/03/201508:35:19RBS Sells Private Banking and Wealth Management Businesses
27/03/201507:39:30RBS Selling Coutts International Business To Union Bancaire Privée
27/03/201507:30:13Royal Bank of Scotland Group PLC Disposal of Private Banking...
27/03/201506:40:40PRESS: RBS Agrees To Sell Coutts International To Swiss Firm...
26/03/201517:32:08RBS to Soon Announce Sale of Coutts International
26/03/201510:09:02PRESS: Chief Executive Of RBS's Coutts UK Set To Quit - The Times
26/03/201508:54:11RBS Raises $3.2 Billion in Citizens Share Sale -- Update
26/03/201507:03:03Royal Bank of Scotland Group PLC Director Declaration
26/03/201507:02:14Royal Bank of Scotland Group PLC Partial Sale of Citizens Financial...
26/03/201506:45:20Royal Bank Of Scotland Sells USD3.21 Billion Stake In Citizens...
25/03/201523:16:18RBS Sells 135 Million Shares of Citizens Financial for $23.75...
24/03/201509:45:03Royal Bank of Scotland Group PLC Morgan Stanley European Financials...
23/03/201522:36:35U.S. Regulators Fault 3 Foreign Banks Over 'Living Wills'--Update
23/03/201521:10:15U.S. Regulators Find 'Shortcomings' in Living Wills of 3 Foreign...
23/03/201521:04:21U.S. Regulators Find 'Shortcomings' in Living Wills of 3 Foreign...
23/03/201512:16:21RBS to Sell More Shares in Citizens Financial
23/03/201511:03:22Royal Bank of Scotland Group PLC Intention to Sell Part of Citizens...
23/03/201511:02:53RBS Looks To Reduce Citizens Stake To Below 50% With New Share...

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