Notice of Redemption

RNS Number : 9246I

Royal Bank of Scotland Group PLC

29 November 2018

 

THE ROYAL BANK OF SCOTLAND GROUP PLC

Redemption of Non-Cumulative Euro Preferred Securities, Series 3

29 November 2018

The Royal Bank of Scotland Group plc ("RBSG") has given notice to holders of the redemption on 31 December 2018 (the "Euro Preferred Securities, Series 3 Redemption Date"), in whole,  of the Non-cumulative Euro Preferred Securities, Series 3 (ISIN: XS0323734961), amount outstanding €471,450,000  (the "Euro Preferred Securities, Series 3"), at the redemption price of €50,000.00 per Euro Preferred Security, Series 3, plus accrued dividends for the current dividend period to, and including, the Euro Preferred Securities, Series 3 Redemption Date, which dividend shall equal €257.09 per Euro Preferred Security, Series 3.  The Euro Preferred Securities, Series 3 will cease to accrue dividends and shall be cancelled and all unmatured dividend coupons shall become void for any purpose, as from the Euro Preferred Securities, Series 3 Redemption Date.  

An application will be made to the U.K. Financial Conduct Authority, in its capacity as the U.K. Listing Authority, to cancel the listings of the Euro Preferred Securities, Series 3 on the Official List of the U.K. Listing Authority. An application will also be made to the London Stock Exchange for the cancellation of the trading in the Euro Preferred Securities, Series 3 on the London Stock Exchange's main market for listed securities.  

Payment  of  redemption  monies  will  be  made  through  Euroclear  Bank  SA/NV  and  Clearstream  Banking, société anonyme,  in accordance with their standard procedures.

The redemption amount with respect to the Euro Preferred Securities, Series 3 shall be paid out of distributable reserves of RBSG. 

The Royal Bank of Scotland Group plc:

Scott Forrest

Head of RBS Debt Capital Markets & Capital Strategy

Tel: [phone]

MAR

This announcement contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR). For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Scott Forrest for The Royal Bank of Scotland Group.

Legal Entity Identifier: 2138005O9XJIJN4JPN90

 

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