TIDMRBS

RNS Number : 8870E

Royal Bank of Scotland Group PLC

21 July 2016

21 July 2016

The Royal Bank of Scotland Group plc ("RBS") - VocaLink Holdings Limited Shareholding

On 21 July 2016, MasterCard Incorporated announced the proposed acquisition of VocaLink Holdings Limited ("VHL").

RBS is a 21.4% shareholder in VHL. RBS's share of the sale proceeds will comprise cash on completion and contingent earn-out consideration which is potentially payable in 2019, subject to performance.

RBS expects to report an initial pre-tax gain of approximately GBP150 million on completion of the transaction.

For further information:

 
 Investors                     Media 
  Richard O'Connor              RBS Group Media Relations 
  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

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(END) Dow Jones Newswires

July 21, 2016 08:15 ET (12:15 GMT)

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