FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the
month of June 2020
Commission
File Number: 001-10306
The
Royal Bank of Scotland Group plc
RBS,
Gogarburn, PO Box 1000
Edinburgh
EH12 1HQ
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form
20-F X Form 40-F
___
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule
101(b)(1):_________
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule
101(b)(7):_________
Indicate
by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes ___
No X
If
"Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-
________
The following information was issued as Company announcements
in London, England and is furnished pursuant to General Instruction
B to the General Instructions to Form
6-K:
Q3
2016
Interim
Management Statement
|
Exhibit
No. 1
|
Director/PDMR
Shareholding dated 08 June 2020
|
Exhibit
No. 2
|
Total
Voting Rights and Capital dated 08 June 2020
|
Exhibit
No. 3
|
Holding(s)
in Company dated 08 June 2020
|
Exhibit
No. 4
|
RBS and
NatWest Markets announce appointments dated 11 June
2020
|
Exhibit
No. 5
|
Publication
of Supplementary Prospectus dated 11 June 2020
|
Exhibit
No. 6
|
Changes
to the Alternative Remedies Package dated 23 June 2020
|
Exhibit
No. 7
|
Notice
of Redemption dated 29 June 2020
|
Exhibit
No. 8
|
Total
Voting Rights dated 30 June
2020
|
Exhibit
No. 1
8 June 2020
The Royal Bank of Scotland Group plc
INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY (PDMRs) IN ACCORDANCE WITH ARTICLE 19 OF
THE EU MARKET ABUSE REGULATION 596/2014
1.
The Royal Bank of Scotland Group plc (the Company) announces that
conditional deferred awards over ordinary shares of £1 each in
the Company (Shares) (ISIN: GB00B7T77214) vested on 8 June 2020 to
the PDMRs set out below. The conditional deferred awards were
granted under the RBS 2014 Employee Share Plan in March
2020. The number of Shares withheld to meet associated
tax liabilities arising on vesting and the number of vested
Shares retained by each PDMR is set out below:-
Name of PDMR
|
Position of PDMR
|
No. of Shares vested
|
No. of Shares withheld to satisfy associated tax
liability
|
No. of vested Shares net of tax
|
Robert Begbie
|
Interim CEO, NatWest Markets
|
63,912
|
30,724
|
33,1881
|
42,2282
|
20,300
|
21,928
|
Peter Flavel
|
CEO, Private Banking
|
40,161
|
18,905
|
21,2561
|
42,2282
|
19,877
|
22,351
|
John-Paul Thwaite
|
CEO, Commercial Banking
|
49,217
|
23,167
|
26,0501
|
42,2282
|
19,911
|
22,317
|
1 These Shares
are subject to a 12 month retention period.
|
2 These Shares
were calculated with reference to a transaction price of
£1.3735
|
The
market price used to meet associated tax liabilities was
£1.3645.
2.
The Company announces that the PDMR set out below has sold Shares
on the date and at the price indicated:-
Name of PDMR
|
Position of PDMR
|
No. of Shares sold
|
Sale price
|
Date of transaction
|
John-Paul Thwaite
|
CEO, Commercial Banking
|
22,317
|
£1.3645
|
8 June 2020
|
All of the above transactions took place on the London Stock
Exchange (XLON).
Legal Entity Identifier: 2138005O9XJIJN4JPN90
For further information contact:-
RBSG Investor Relations
Alexander Holcroft
Head of Investor Relations
+44(0)20 7672 1758
RBSG Media Relations
+44(0)131 523 4205
Exhibit
No. 2
The Royal Bank of Scotland Group plc
Total Voting Rights and Capital
In conformity with the Disclosure Guidance and Transparency Rules,
The Royal Bank of Scotland Group plc ('RBSG') hereby notifies the
following in respect of its issued share capital with voting rights
as at 8 June 2020:-
Share Class and nominal value
|
Number of Shares issued
|
Voting rights per share
|
Total Voting rights -
|
8 June 2020
|
Ordinary shares of £1
|
12,125,038,584
|
4
|
48,500,154,336
|
11% Cumulative Preference Shares of £1
|
500,000
|
4
|
2,000,000
|
5.5% Cumulative Preference Shares of £1
|
400,000
|
4
|
1,600,000
|
Total:
|
12,125,938,584
|
|
48,503,754,336
|
of which none are held in Treasury.
Shareholders may use the above figures for their calculations to
determine whether they are required to notify their interest in, or
a change to their interest in the Company under the FCA's
Disclosure Guidance and Transparency Rules.
Legal Entity Identifier:
2138005O9XJIJN4JPN90
Exhibit
No. 3
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant
issuer and to the FCA in Microsoft Word format if
possible)i
|
|
1a. Identity of the issuer or the underlying issuer of existing
shares to which voting rights are attachedii :
|
The
Royal Bank of Scotland Group plc
|
1b. Please indicate if the issuer is a non-UK issuer
(please mark with an "X"
if appropriate)
|
Non-UK issuer
|
|
2. Reason for the notification (please mark the appropriate
box or boxes with an "X")
|
An
acquisition or disposal of voting rights
|
|
An
acquisition or disposal of financial instruments
|
|
An
event changing the breakdown of voting rights
|
x
|
Other
(please specify)iii:
|
|
3. Details of person subject to the notification
obligationiv
|
Name
|
The
Commissioners of Her Majesty's Treasury
|
City
and country of registered office (if applicable)
|
London,
England
|
4. Full name of shareholder(s) (if different from
3.)v
|
Name
|
The
Solicitor for the Affairs of Her Majesty's Treasury
|
City
and country of registered office (if applicable)
|
London,
England
|
5. Date on which the threshold was crossed or
reachedvi :
|
8 June
2020
|
6. Date on which issuer notified
(DD/MM/YYYY):
|
8 June
2020
|
7. Total positions of person(s) subject to the notification
obligation
|
|
% of
voting rights attached to shares (total of 8. A)
|
% of
voting rights through financial instruments
(total
of 8.B 1 + 8.B 2)
|
Total
of both in %
(8.A +
8.B)
|
Total
number of voting rights of issuervii
|
Resulting
situation on the date on which threshold was crossed or
reached
|
61.93%
|
|
61.93%
|
48,503,754,336
|
Position
of previous notification (if applicable)
|
62.4%
|
|
62.4%
|
|
8. Notified details of the resulting situation on the date on which
the threshold was crossed or reachedviii
|
A: Voting rights attached to shares
|
Class/type ofshares
ISIN
code (if possible)
|
Number of voting rightsix
|
% of voting rights
|
Direct
(Art 9
of Directive 2004/109/EC) (DTR5.1)
|
Indirect
(Art 10
of Directive 2004/109/EC) (DTR5.2.1)
|
Direct
(Art 9
of Directive 2004/109/EC) (DTR5.1)
|
Indirect
(Art 10
of Directive 2004/109/EC) (DTR5.2.1)
|
Ordinary
Shares of £1 each GB00B7T77214
|
30,037,934,076
|
|
61.93%
|
|
|
|
|
|
|
|
|
|
|
|
SUBTOTAL 8. A
|
30,037,934,076
|
61.93%
|
|
B 1: Financial Instruments according to Art. 13(1)(a) of Directive
2004/109/EC (DTR5.3.1.1 (a))
|
Type of financial instrument
|
Expirationdatex
|
Exercise/Conversion Periodxi
|
Number of voting rights that may be acquired if the instrument is
exercised/converted.
|
% of voting rights
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SUBTOTAL 8. B 1
|
|
|
|
B 2: Financial Instruments with similar economic effect according
to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1
(b))
|
Type of financial instrument
|
Expirationdatex
|
Exercise/Conversion Periodxi
|
Physical or cash settlementxii
|
Number of voting rights
|
% of voting rights
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SUBTOTAL 8.B.2
|
|
|
9. Information in relation to the person subject to the
notification obligation (please mark the applicable box with
an "X")
|
Person
subject to the notification obligation is not controlled by any
natural person or legal entity and does not control any other
undertaking(s) holding directly or indirectly an interest in the
(underlying) issuerxiii
|
|
Full
chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held starting with
the ultimate controlling natural person or legal entityxiv
(please
add additional rows as necessary)
|
x
|
Namexv
|
% of voting rights if it equals or is higher than the notifiable
threshold
|
% of voting rights through financial instruments if it equals or is
higher than the notifiable threshold
|
Total of both if it equals or is higher than the notifiable
threshold
|
UK
Government 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.
|
The
Commissioners of Her Majesty's Treasury
|
61.93%
|
|
61.93%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10. In case of proxy voting, please identify:
|
Name of
the proxy holder
|
|
The
number and % of voting rights held
|
|
The
date until which the voting rights will be held
|
|
|
11. Additional informationxvi
|
The
Solicitor for the Affairs of Her Majesty's Treasury is acting as
nominee for Her Majesty's Treasury.
|
Place of completion
|
London,
England
|
Date of completion
|
8 June
2020
|
Legal Entity Identifier: 2138005O9XJIJN4JPN90
Notes
I
Please note that national forms may
vary due to specific national legislation (Article 3(1a) of
Directive 2004/109/EC) as for instance the applicable thresholds or
information regarding capital holdings.
ii
Full name of the legal entity and
further specification of the issuer or underlying issuer, provided
it is reliable and accurate (e.g. address, LEI, domestic number
identity). Indicate in the relevant section whether the issuer is a
non UK issuer.
iii
Other reason for the notification
could be voluntary notifications, changes of attribution of the
nature of the holding (e.g. expiring of financial instruments) or
acting in concert.
iv
This should be the full name of (a)
the shareholder; (b) the natural person or legal entity acquiring,
disposing of or exercising voting rights in the cases provided for
in DTR5.2.1 (b) to (h)/ Article 10 (b) to (h) of Directive
2004/109/EC; (c) all parties to the agreement referred to in
Article 10 (a) of Directive 2004/109/EC (DTR5.2.1 (a)) or (d) the
holder of financial instruments referred to in Article 13(1) of
Directive 2004/109/EC (DTR5.3.1).
As the disclosure of cases of acting in concert may vary due to the
specific circumstances (e.g. same or different total positions of
the parties, entering or exiting of acting in concert by a single
party) the standard form does not provide for a specific method how
to notify cases of acting in concert.
In relation to the transactions referred to in points (b) to (h) of
Article 10 of Directive 2004/109/EC (DTR5.2.1 (b) to (h)), the
following list is provided as indication of the persons who should
be mentioned:
- in the circumstances foreseen in letter (b) of Article 10 of that
Directive (DTR5.2.1 (b)), the natural person or legal entity that
acquires the voting rights and is entitled to exercise them under
the agreement and the natural person or legal entity who is
transferring temporarily for consideration the voting
rights;
- in the circumstances foreseen in letter (c) of Article 10 of that
Directive (DTR5.2.1 (c)), the natural person or legal entity
holding the collateral, provided the person or entity controls the
voting rights and declares its intention of exercising them, and
natural person or legal entity lodging the collateral under these
conditions;
- in the circumstances foreseen in letter (d) of Article 10 of that
Directive (DTR5.2.1 (d)), the natural person or legal entity who
has a life interest in shares if that person or entity is entitled
to exercise the voting rights attached to the shares and the
natural person or legal entity who is disposing of the voting
rights when the life interest is created;
- in the circumstances foreseen in letter (e) of Article 10 of that
Directive (DTR5.2.1 (e)), the controlling natural person or legal
entity and, provided it has a notification duty at an individual
level under Article 9 (DTR 5.1), under letters (a) to (d) of
Article 10 of that Directive (DTR5.2.1 (a) to (d)) or under a
combination of any of those situations, the controlled
undertaking;
- in the circumstances foreseen in letter (f) of Article 10 of that
Directive (DTR5.2.1 (f)), the deposit taker of the shares, if he
can exercise the voting rights attached to the shares deposited
with him at his discretion, and the depositor of the shares
allowing the deposit taker to exercise the voting rights at his
discretion;
- in the circumstances foreseen in letter (g) of Article 10 of that
Directive (DTR5.2.1 (g)), the natural person or legal entity that
controls the voting rights;
- in the circumstances foreseen in letter (h) of Article 10 of that
Directive (DTR5.2.1 (h)), the proxy holder, if he can exercise the
voting rights at his discretion, and the shareholder who has given
his proxy to the proxy holder allowing the latter to exercise the
voting rights at his discretion (e.g. management
companies).
v
Applicable in the cases provided for
in Article 10 (b) to (h) of Directive 2004/109/EC (DTR5.2.1 (b) to
(h). This should be the full name of the shareholder who is the
counterparty to the natural person or legal entity referred to in
Article 10 of that Directive (DTR5.2) unless the percentage of
voting rights held by the shareholder is lower than the lowest
notifiable threshold for the disclosure of voting rights holdings
in accordance with national practices (e.g. identification of funds
managed by management companies).
vi
The date on which threshold is crossed
or reached should be the date on which the acquisition or disposal
took place or the other reason triggered the notification
obligation. For passive crossings, the date when the corporate
event took effect.
vii
The total number of voting rights
shall be composed of all the shares, including depository receipts
representing shares, to which voting rights are attached even if
the exercise thereof is suspended.
viii
If the holding has fallen below the
lowest applicable threshold in accordance with national law, please
note that it might not be necessary in accordance with national law
to disclose the extent of the holding, only that the new holding is
below that threshold.
ix
In case of combined holdings of shares
with voting rights attached "direct holding" and voting rights
"indirect holding", please split the voting rights number and
percentage into the direct and indirect columns - if there is no
combined holdings, please leave the relevant box
blank.
x
Date of maturity/expiration of the
financial instrument i.e. the date when right to acquire shares
ends.
xi
If the financial instrument has such a
period - please specify this period - for example once every 3
months starting from [date].
xii
In case of cash settled instruments
the number and percentages of voting rights is to be presented on a
delta-adjusted basis (Article 13(1a) of Directive 2004/109/EC) (DTR
5.3.3.A).
xiii
If the person subject to the
notification obligation is either controlled and/or does control
another undertaking then the second option
applies.
xiv
The full chain of controlled
undertakings starting with the ultimate controlling natural person
or legal entity has to be presented also in the cases, in which
only on subsidiary level a threshold is crossed or reached and the
subsidiary undertaking discloses the notification as only thus the
markets get always the full picture of the group holdings. In case
of multiple chains through which the voting rights and/or financial
instruments are effectively held the chains have to be presented
chain by chain leaving a row free between different chains (e.g.:
A, B, C, free row, A, B, D, free row, A, E, F
etc.).
xv
The names of controlled undertakings
through which the voting rights and/or financial instruments are
effectively held have to be presented irrespectively whether the
controlled undertakings cross or reach the lowest applicable
threshold themselves.
xvi
Example: Correction of a previous
notification.
Exhibit
No. 4
The Royal Bank of Scotland Group plc
RBS and NatWest
Markets announce appointments
11 June 2020
The Royal Bank of Scotland Group plc (RBS) and its subsidiaries,
Natwest Markets Plc (NWM) and Natwest Markets N.V. (NWM N.V.),
today announce appointments to the NWM Executive Management team
and Board. Robert Begbie, Interim NWM Chief Executive Officer since
19 December 2019, has been appointed NWM Chief Executive Officer,
and David King, former CEO of MUFG Securities EMEA plc, has been
appointed NWM Chief Financial Officer, replacing the Interim NWM
Chief Financial Officer Robert Horrocks.
RBS also announces that Donal Quaid, interim Group Treasurer since
December 2019, has been appointed Group Treasurer.
Robert Begbie will continue to serve as a member of the NWM Board
and as Chair of the NWM N.V. Supervisory Board. David King will
join the NWM Board as an Executive Director.
It is anticipated that David King will take up his role during the
course of summer 2020.
Alison Rose, Chief Executive of RBS, commented:
"We're very pleased to make these appointments. When I took over as
CEO, re-focusing NatWest Markets was one of my top priorities, and
our work here is well underway to deliver against the strategy set
out in February. These appointments will allow us to continue the
transformation and refocusing process across NatWest Markets that
we announced in February and establish a business that delivers
even greater benefits for our bank and our customers.
"We would like to congratulate Robert Begbie on his appointment and
thank Robert Horrocks for his dedication and commitment as interim
CFO, during which NatWest Markets produced strong revenue delivery
in Q1 2020. We would also like to welcome David King, who adds
extensive experience and expertise from his time at MUFG and
elsewhere.
"NatWest Markets plays a crucial role within the Group, allowing us
to provide our customers with the products and services they need
to succeed."
Robert Begbie, CEO of NatWest Markets Plc, said:
"I am delighted to have the opportunity to lead NatWest
Markets.
"NatWest Markets has an important role within the Group, connecting
our customers with international wholesale and capital markets, and
partnering to provide the risk management and financing solutions
that help them realise their potential and thrive.
"We have made considerable progress in refocussing the business
following the strategic announcement in February and we will
continue to build upon this during the medium term."
For further information, please contact:
Investor Relations
Alexander Holcroft
Head of Investor Relations
+44 (0) 207 672 1758
Amanda Hausler
Head of NatWest Markets Investor Relations
+44 (0) 207 085 6448
RBS Media Relations
+44 (0) 131 523 4205
Legal Entity Identifiers
The Royal Bank of Scotland Group plc
NatWest Markets Plc
|
2138005O9XJIJN4JPN90
RR3QWICWWIPCS8A4S074
|
NatWest Markets N.V.
|
X3CZP3CK64YBHON1LE12
|
Forward-looking statements
This document contains forward-looking statements within the
meaning of the United States Private Securities Litigation Reform
Act of 1995, such as statements that include, without limitation,
the words 'expect', 'estimate', 'project', 'anticipate', 'commit',
'believe', 'should', 'intend', 'plan', 'could', 'probability',
'risk', 'Value-at-Risk (VaR)', 'target', 'goal', 'objective',
'may', 'endeavour', 'outlook', 'optimistic', 'prospects' and
similar expressions or variations on these expressions. These
statements concern or may affect future matters, such as RBS, NWM
or NWM N.V.'s future economic results, business plans and
strategies. In particular, this document may include
forward-looking statements relating to RBS, NWM or NWM N.V. in
respect of, but not limited to: regulatory capital position and
related requirements, financial position, profitability and
financial performance (including financial, capital and operational
targets), access to adequate sources of liquidity and funding,
increasing competition from new incumbents and disruptive
technologies, exposure to third party risks, ongoing compliance
with the UK ring-fencing regime and ensuring operational continuity
in resolution, impairment losses and credit exposures under
certain specified scenarios, substantial regulation and oversight,
ongoing legal, regulatory and governmental actions and
investigations, the transition of LIBOR and IBOR rates to
alternative risk free rates and exposure to economic and political
risks (including with respect to terms surrounding Brexit and
climate change), operational risk, conduct risk, cyber and IT risk,
key person risk and credit rating risk. Forward-looking
statements are subject to a number of risks and uncertainties that
might cause actual results and performance to differ materially
from any expected future results or performance expressed or
implied by the forward-looking statements. Factors that could cause
or contribute to differences in current expectations include, but
are not limited to, the final number of PPI claims and their
amounts, legislative, political, fiscal and regulatory
developments, accounting standards, competitive conditions,
technological developments, interest and exchange rate
fluctuations, general economic conditions and the uncertainty
surrounding the Covid-19 pandemic and its impact on RBS, NWM or NWM
N.V.. These and other factors, risks and uncertainties that may
impact any forward-looking statement or RBS, NWM or NWM N.V.'s
actual results are discussed in RBS, NWM and NWM N.V.'s respective
2019 Annual Report and Accounts (ARA) and their respective Q1 2020
IMSs, as well as RBS materials filed with, or furnished to, the US
Securities and Exchange Commission, including, but not limited to,
RBS's most recent Annual Report on Form 20-F and Reports on Form
6-K. The forward-looking statements contained in this document
speak only as of the date of this document and RBS, NWM and NWM
N.V. do not assume or undertake any obligation or responsibility to
update any of the forward-looking statements contained in this
document, whether as a result of new information, future events or
otherwise, except to the extent legally required.
Exhibit
No. 5
The Royal Bank of Scotland Group plc
Publication of Supplementary Prospectus
The following supplementary prospectus has been approved by the
Financial Conduct Authority and is available for
viewing:
Supplementary Prospectus to The Royal Bank of Scotland Group plc
£40,000,000,000 Euro Medium Term Note Programme, dated 11 June
2020.
To view the full document, please paste the following URL into the
address bar of your browser:
http://www.rns-pdf.londonstockexchange.com/rns/7328P_1-2020-6-11.pdf
A copy of the above Supplementary Prospectus has been submitted to
the National Storage Mechanism and will shortly be available for
inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
For further information, please contact:
Scott Forrest
Head of RBS Debt Capital Markets & Capital
Strategy
Tel: +44 (0) 7747 455 969
DISCLAIMER - INTENDED ADDRESSEES
Please note that the information contained in the Supplementary
Prospectus (and the Prospectus to which it relates) may be
addressed to and/or targeted at persons who are residents of
particular countries (specified in the Prospectus) only and is not
intended for use and should not be relied upon by any person
outside these countries and/or to whom the offer contained in the
Prospectus and the Supplementary Prospectus is not addressed. Prior
to relying on the information contained in the Prospectus and the
Supplementary Prospectus you must ascertain from the Prospectus
whether or not you are part of the intended addressees of the
information contained therein.
Your right to access this service is conditional upon complying
with the above requirement.
Legal Entity Identifier
|
|
The Royal Bank of Scotland Group plc
|
2138005O9XJIJN4JPN90
|
Exhibit
No. 6
Royal Bank of Scotland Group plc
23 June 2020
The Royal Bank of Scotland Group plc ‐ Changes to the
Alternative Remedies Package
The Royal Bank of Scotland Group plc ("RBS") welcomes today's announcement from Banking
Competition Remedies Limited(1) ("BCR")
in relation to changes to the Incentivised Switching Scheme
("ISS"), which forms part of the Alternative Remedies
Package(2).
As a result of the on-going COVID-19 pandemic, fewer customers have
been switching under ISS and these changes are being announced by
BCR to preserve the momentum and aims of the ISS. Bringing forward
these changes now, which might otherwise have been implemented at a
later date, provides RBS with greater certainty.
RBS has entered into an amendment to the 25 April 2018
Framework and State Aid Deed (the "Deed") with HM Treasury and BCR, which agreed the
following in relation to the duration of the ISS and the scope of
customers eligible for the ISS:
●
200,000
additional Royal Bank of Scotland plc and National Westminster Bank
plc Business Banking customers with turnover of up to £1m will
have the opportunity to participate from 25 August 2020;
and
●
the duration of the period under the ISS for
customers to apply to switch their account will be extended from 25
August 2020 until the end of February 2021 and customers will
have until the end of June 2021 to complete the
switch.(3)
These amendments to the ISS do not change the total number of
customers targeted to switch under the scheme. As a result, there
is no material change anticipated to the current financial outlook
for RBS. The existing requirement on RBS to make a potential
further contribution to the ISS, should customer switching be
insufficient under the Deed, remains capped at
£50m.
(1) BCR Ltd is an
independent body established to facilitate and oversee the delivery
of the Framework and State Aid Deed.
(2) The Alternative
Remedies Package was announced on 18 September
2017 https://otp.tools.investis.com/clients/uk/rbs1/rns1/regulatory-story.aspx?cid=365&newsid=926171 and
entry into the Deed (as defined above) was announced on 2 May
2018 https://otp.tools.investis.com/clients/uk/rbs1/rns1/regulatory-story.aspx?cid=365&newsid=1005313
(3) It remains the case
that the ISS will terminate at the point the £225m fund for
business current account switching has been distributed by BCR,
which may be earlier than the dates above.
For further information, please contact:
Investor Relations
Alexander Holcroft
Head of Investor Relations
+44 (0) 207 672 1758
RBS Media Relations
+44 (0) 131 523 4205
Forward looking statements
This document contains forward-looking statements within the
meaning of the United States Private Securities Litigation Reform
Act of 1995, such as statements that include, without limitation,
the words 'expect', 'estimate', 'project', 'anticipate', 'commit',
'believe', 'should', 'intend', 'plan', 'could', 'probability',
'risk', 'Value-at-Risk (VaR)', 'target', 'goal', 'objective',
'may', 'endeavour', 'outlook', 'optimistic', 'prospects' and
similar expressions or variations on these expressions. These
statements concern or may affect future matters, such as RBS's
future economic results, business plans and strategies. In
particular, this document may include forward-looking statements
relating to RBS in respect of, but not limited to: its regulatory
capital position and related requirements, its financial position,
profitability and financial performance (including financial,
capital and operational targets), its access to adequate sources of
liquidity and funding, increasing competition from new incumbents
and disruptive technologies, its exposure to third party risks, its
ongoing compliance with the UK ring-fencing regime and ensuring
operational continuity in resolution, its impairment losses and
credit exposures under certain specified scenarios, substantial
regulation and oversight, ongoing legal, regulatory and
governmental actions and investigations, the transition of LIBOR
and IBOR rates to alternative risk free rates and RBS's exposure to
economic and political risks (including with respect to terms
surrounding Brexit and climate change), operational risk, conduct
risk, cyber and IT risk, key person risk and credit rating
risk. Forward-looking statements are subject to a number of
risks and uncertainties that might cause actual results and
performance to differ materially from any expected future results
or performance expressed or implied by the forward-looking
statements. Factors that could cause or contribute to differences
in current expectations include, but are not limited to, the final
number of PPI claims and their amounts, legislative, political,
fiscal and regulatory developments, accounting standards,
competitive conditions, technological developments, interest and
exchange rate fluctuations, general economic and political
conditions and the uncertainty surrounding the Covid-19 pandemic
and its impact on RBS. These and other factors, risks and
uncertainties that may impact any forward-looking statement or
RBS's actual results are discussed in RBS's UK 2019 Annual Report
and Accounts (ARA),
its Q1 2020 Interim Management Statement, and materials filed with, or furnished to, the US
Securities and Exchange Commission, including, but not limited to,
RBS's most recent Annual Report on Form 20-F and Reports on Form
6-K. The forward-looking statements contained in this document
speak only as of the date of this document and RBS does not assume
or undertake any obligation or responsibility to update any of the
forward-looking statements contained in this document, whether as a
result of new information, future events or otherwise, except to
the extent legally required.
Legal Entity Identifier
The Royal Bank of Scotland Group plc
|
2138005O9XJIJN4JPN90
|
The Royal Bank of Scotland plc
|
549300WHU4EIHRP28H10
|
National Westminster Bank Plc
|
213800IBT39XQ9C4CP71
|
NatWest Holdings Limited
|
213800GDQMMREYFLQ454
|
Exhibit
No. 7
The Royal Bank of Scotland Group plc
29 June 2020
Notice of Redemption
The Royal Bank of Scotland Group plc ("RBSG" or the
"Issuer")
The Issuer has given notice to holders of the $2,000,000,000
7.500% Perpetual Subordinated Contingent Convertible Additional
Tier 1 Capital Notes (ISIN: US780099CJ48 (the "Notes")) of the
upcoming redemption of the Notes on 10 August 2020. The amount
of the Notes currently outstanding is $2,000,000,000.
Terms used but not defined herein shall have the meaning given to
them in the notice of redemption. The Notes are being redeemed
pursuant to Section 2.08 of the Second Supplemental
Indenture. All of the outstanding Notes shall be redeemed by
the Issuer on 10 August 2020 (the "Redemption Date") at 100% of
principal amount, together with accrued and unpaid interest to (but
excluding) the Redemption Date, and subsequently cancelled. The
Issuer has notified the holders pursuant to the terms of the
Notes.
To view the notice, please click on the link below.
http://www.rns-pdf.londonstockexchange.com/rns/2932R_1-2020-6-28.pdf
For further information, please contact:
Scott Forrest
Head of RBS Debt Capital Markets & Capital
Strategy
Tel: +44 (0)7747 455969
Forward-looking statements
This document contains forward-looking statements within the
meaning of the United States Private Securities Litigation Reform
Act of 1995, such as statements that include, without limitation,
the words 'expect', 'estimate', 'project', 'anticipate', 'commit',
'believe', 'should', 'intend', 'plan', 'could', 'probability',
'risk', 'Value-at-Risk (VaR)', 'target', 'goal', 'objective',
'may', 'endeavour', 'outlook', 'optimistic', 'prospects' and
similar expressions or variations on these expressions. These
statements concern or may affect future matters, such as RBSG's
future economic results, business plans and strategies. In
particular, this document may include forward-looking statements
relating to RBSG in respect of, but not limited to: its regulatory
capital position and related requirements, its financial position,
profitability and financial performance (including financial,
capital and operational targets), its access to adequate sources of
liquidity and funding, increasing competition from new incumbents
and disruptive technologies, its exposure to third party risks, its
ongoing compliance with the UK ring-fencing regime and ensuring
operational continuity in resolution, its impairment losses and
credit exposures under certain specified scenarios, substantial
regulation and oversight, ongoing legal, regulatory and
governmental actions and investigations, the transition of LIBOR
and IBOR rates to alternative risk free rates and RBSG's exposure
to economic and political risks (including with respect to terms
surrounding Brexit and climate change), operational risk, conduct
risk, cyber and IT risk, key person risk and credit rating
risk. Forward-looking statements are subject to a number of
risks and uncertainties that might cause actual results and
performance to differ materially from any expected future results
or performance expressed or implied by the forward-looking
statements. Factors that could cause or contribute to differences
in current expectations include, but are not limited to, the final
number of PPI claims and their amounts, legislative, political,
fiscal and regulatory developments, accounting standards,
competitive conditions, technological developments, interest and
exchange rate fluctuations, general economic conditions and the
uncertainty surrounding the Covid-19 pandemic and its impact on
RBSG. These and other factors, risks and uncertainties that may
impact any forward-looking statement or RBSG's actual results are
discussed in RBSG plc's UK 2019 Annual Report and Accounts (ARA)
and materials filed with, or furnished to, the US Securities and
Exchange Commission, including, but not limited to, RBSG plc's most
recent Annual Report on Form 20-F and Reports on Form 6-K. The
forward-looking statements contained in this document speak only as
of the date of this document and RBSG does not assume or undertake
any obligation or responsibility to update any of the
forward-looking statements contained in this document, whether as a
result of new information, future events or otherwise, except to
the extent legally required.
Legal Entity Identifier: 2138005O9XJIJN4JPN90
Exhibit
No. 8
The Royal Bank of Scotland Group plc
Total Voting Rights and Capital
In conformity with the Disclosure Guidance and Transparency Rules,
The Royal Bank of Scotland Group plc ('RBSG') hereby notifies the
following in respect of its issued share capital with voting rights
as at 30 June 2020:-
Share Class and nominal value
|
Number of Shares issued
|
Voting rights per share
|
Total Voting rights -
|
30 June 2020
|
Ordinary
shares of £1
|
12,125,048,667
|
4
|
48,500,194,668
|
11%
Cumulative Preference Shares of £1
|
500,000
|
4
|
2,000,000
|
5.5%
Cumulative Preference Shares of £1
|
400,000
|
4
|
1,600,000
|
Total:
|
12,125,948,667
|
|
48,503,794,668
|
of which none are held in Treasury.
Shareholders may use the above figures for their calculations to
determine whether they are required to notify their interest in, or
a change to their interest in the Company under the FCA's
Disclosure Guidance and Transparency Rules.
Legal Entity Identifier:
2138005O9XJIJN4JPN90
Date: 30
June 2020
|
THE
ROYAL BANK OF SCOTLAND GROUP plc (Registrant)
|
|
|
|
By: /s/
Jan Cargill
|
|
|
|
Name:
Jan Cargill
|
|
Title:
Deputy Secretary
|
Royal Bank of Scotland (NYSE:RBS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Royal Bank of Scotland (NYSE:RBS)
Historical Stock Chart
From Apr 2023 to Apr 2024