RBS Royal Bank of Scotland Group PLC

LONDON--Pub company Punch Taverns PLC (PUB.LN) Tuesday said Royal Bank of Scotland Group PLC (RBS.LN) has consented to its restructuring proposals.

"All shareholder, noteholder and secularization creditor approvals have now been obtained and completion of the restructuring is expected to become effective on 8 October 2014," Punch said.

Shares at 1319 GMT, unchanged at 9 pence valuing the company at GBP59.9 million ($95.8 million).

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

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