TIDMRBS

RNS Number : 3811J

Royal Bank of Scotland Group PLC

02 April 2015

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)

 
 
 1. Identity of the issuer or the underlying         The Royal Bank of Scotland Group 
  issuer                                                            plc 
  of existing shares to which voting rights 
  are 
  attached: (ii) 
-------------------------------------------------  ----------------------------------- 
 2. Reason for the notification (please tick the appropriate box or boxes): 
-------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights 
-----------------------------------------------------------------------------  ------- 
 An acquisition or disposal of qualifying financial instruments 
  which may result in the acquisition of shares already issued to 
  which voting rights are attached 
-----------------------------------------------------------------------------  ------- 
 An acquisition or disposal of instruments with similar economic 
  effect to qualifying financial instruments 
-----------------------------------------------------------------------------  ------- 
 An event changing the breakdown of voting rights                                 x 
-----------------------------------------------------------------------------  ------- 
 Other (please 
  specify): 
------------------  ---------------------------------------------------------  ------- 
 3. Full name of person(s) subject             The Solicitor for the affairs of Her 
  to the                                                 Majesty's Treasury 
  notification obligation: (iii) 
------------------------------------------  ------------------------------------------ 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
------------------------------------------  ------------------------------------------ 
 5. Date of the transaction and date                       31 March 2015 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
------------------------------------------  ------------------------------------------ 
 6. Date on which issuer notified:                         2 April 2015 
------------------------------------------  ------------------------------------------ 
 7. Threshold(s) that is/are crossed           Crossed percentage thresholds of 62% 
  or                                                          and 79% 
  reached: (vi, vii) 
------------------------------------------  ------------------------------------------ 
 
 
 
 8. Notified details: 
-------------------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
-------------------------------------------------------------------------------------------------------------------------------------- 
 Class/type      Situation previous                          Resulting situation after the triggering 
  of              to the triggering                           transaction 
  shares          transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
--------------  ------------------------------------------  -------------------------------------------------------------------------- 
                 Number               Number                 Number            Number of voting              % of voting rights 
                  of                   of                     of shares         rights                        (x) 
                  Shares               Voting 
                                       Rights 
--------------  -------------------  ---------------------  ----------------  ----------------------------  -------------------------- 
                                                             Direct            Direct (xi)        Indirect   Direct         Indirect 
                                                                                                   (xii) 
--------------  ---  -----  -------    --------  ----  ---  ----------------  -----------------  ---------  -------------  ----------- 
 
 
  GB00B7T77214   3,964,483,519        15,857,934,076         3,964,483,519     15,857,934,076                61.80% 
                -------------------  ---------------------  ----------------  -----------------  ---------  -------------  ----------- 
 
 
 B: Qualifying Financial Instruments 
-------------------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------------------------------------------------------------------- 
 Type of financial           Expiration           Exercise/                          Number of voting                % of voting 
  instrument                  date (xiii)          Conversion Period                  rights that may                 rights 
                                                   (xiv)                              be 
                                                                                      acquired if the 
                                                                                      instrument is 
                                                                                      exercised/ converted. 
--------------------------  -------------------  ---------------------------------  ------------------------------  ------------------ 
 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments (xv, xvi) 
-------------------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------------------------------------------------------------------- 
 Type of financial    Exercise          Expiration      Exercise/       Number of voting                        % of voting rights 
  instrument           price             date (xvii)     Conversion      rights instrument                       (xix, xx) 
                                                         period          refers to 
                                                         (xviii) 
-------------------  ----------------  --------------  --------------  --------------------------------------  ----------------------- 
 Series 1 class       GBP5.00                 -            Anytime                                              Nominal       Delta 
  B shares             (subject 
                       to adjustment) 
-------------------  ----------------  --------------  --------------  -----                                   ------------  --------- 
                                                                                Up to 20,400,000,000            Up to 
                                                                                 (depending on extent            44.28% 
                                                                                  of conversion into 
                                                                                   ordinary shares) 
--------------  ---  -----  -------    --------  ----  ---  ---------  --------------------------------------  ------------  --------- 
 
 Total (A+B+C) 
-------------------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                                Percentage of voting rights 
---------------------------------------------------------------------  --------------------------------------------------------------- 
 36,257,934,076                                                         78.72% 
---------------------------------------------------------------------  --------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
---------------------------------------------------------------------------------------- 
 
        UKFI Financial Investments Limited, a company wholly-owned by Her Majesty's 
          Treasury, is entitled to exercise control over the voting rights which 
           are the subject of this notification (pursuant to certain management 
                     arrangements agreed with Her Majesty's Treasury). 
 
           The solicitor for the affairs of Her Majesty's Treasury is acting as 
                            nominee for Her Majesty's Treasury. 
 
 Proxy Voting: 
---------------------------------------------------------------------------------------- 
 10. Name of the proxy holder: 
-------------------------------------------------------  ------------------------------- 
 11. Number of voting rights proxy holder will 
  cease 
  to hold: 
-------------------------------------------------------  ------------------------------- 
 12. Date on which proxy holder will cease to 
  hold 
  voting rights: 
-------------------------------------------------------  ------------------------------- 
 
 
  13. Additional information:                    The Solicitor for the Affairs of Her 
                                                Majesty's Treasury is acting as nominee 
                                                      for Her Majesty's Treasury 
------------------------------------------  -------------------------------------------- 
 14. Contact name:                           James Neilson 
------------------------------------------  -------------------------------------------- 
 15. Contact telephone number:               +44 (0)207 270 5813 
------------------------------------------  -------------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLKMGGDKZDGKZM