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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Natwest Group Plc | LSE:NWG | London | Ordinary Share | GB00BM8PJY71 | ORD 107.69P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.10 | 0.03% | 285.90 | 285.20 | 285.40 | 287.40 | 282.00 | 285.00 | 79,768,652 | 16:35:25 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Commercial Banks, Nec | 14.77B | 4.64B | 0.5271 | 5.41 | 25.09B |
TIDMRBS
RNS Number : 1614I
Royal Bank of Scotland Group PLC
23 March 2015
23 March 2015
Intention to Sell Part of Citizens Financial Group Inc. Stake
The Royal Bank of Scotland Group plc ("RBSG") today announces it intends to sell part of its shareholding in its subsidiary Citizens Financial Group Inc. ("CFG" or "Citizens") in an underwritten public follow-on offering ("the Offering").
The Offering is expected to comprise 115 million shares of Citizens' common stock, equivalent to 21% of CFG's common stock excluding an over-allotment option. A further 17.25 million shares will be made available by RBSG under a 30 day over-allotment option.
If all the CFG shares made available in the Offering are sold, assuming no exercise of the over-allotment option, RBSG's remaining stake would comprise 269.7 million shares, equivalent to 49.3% of CFG's issued common stock. If the over-allotment option is exercised in full, RBSG's remaining stake would be 252.5 million shares or 46.1% of CFG's common stock.
Notes:
Morgan Stanley and Goldman, Sachs & Co. are acting as global coordinators and joint book-running managers and J.P. Morgan and Citigroup are acting as joint book-running managers for this offering. The prospectus relating to the offering may be obtained by calling Morgan Stanley & Co. LLC toll free at (866) 718-1649, Goldman, Sachs & Co. toll free at (866) 471-2526, J.P. Morgan Securities LLC toll free at (866) 803-9204, or Citigroup Inc. toll free at (800) 831-9146.
The registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
For further information please contact:
Investors Media Richard O'Connor RBS Press Office Head of Investor Relations +44 (0) 131 523 4205 +44 (0) 207 672 1758
This information is provided by RNS
The company news service from the London Stock Exchange
END
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