RBS-T Search Results - QuantumOnline.com
Quick Search


Session.supporter not defined

quantumonline home Income Tables Income Lists Stock Lists Special Lists Investment Services Investment Information quantumonline home
Traffic Stats

Royal Bank of Scotland, 7.25% Non-cumul Dollar Preference Shares Series T ADR
Ticker Symbol: RBS-T*     CUSIP: 780097713     Exchange: NYSE
Security Type:   Traditional Preferred Stock
* NOTE: This security is no longer trading as of 9/23/16

Security has been Called for:  Friday, September 23, 2016

24 August 2016 -- The Royal Bank of Scotland Group plc ("RBSG") has given notice to holders of the redemption on 23 September 2016 (the "Redemption Date"), in whole, of the following series of Non-cumulative USD Preference Shares and the corresponding series of American Depositary Shares: (i) Non-cumulative USD Preference Shares, Series R (ADS CUSIP: 780097747 ADS ISIN: US7800977479), amount outstanding US$254,098,300; and (ii) Non-cumulative USD Preference Shares, Series T (ADS CUSIP: 780097713; ADS ISIN: US7800977131), amount outstanding US$1,281,145,975, at the redemption price, with respect to each series of Preference Shares and the corresponding series of ADSs, of US$25.00 per Preference Share and per ADS plus (i) with respect to the Series R preference shares, accrued dividends for the current dividend period to, and including, the Redemption Date, which dividend shall equal $0.361545 per Series R preference share and (ii) with respect to the Series T preference shares, accrued dividends for the current dividend period to, but excluding, the Redemption Date, which dividend shall equal $0.422916 per Series T preference share. The Preference Shares will cease to accrue dividends and shall be cancelled and all unmatured dividend coupons and talons (if any) shall become void for any purpose, as from the Redemption Date. The redemption amount with respect to each series of Preference Shares shall be paid out of distributable reserves of RBSG. Approximately $1.535 billion of the Preference Shares are expected to be redeemed, reducing RBSG's retained earnings and distributable items by approximately £1.16 billion. Common Equity Tier 1 Capital will be reduced by approximately £0.4 billion reflecting the foreign exchange loss since the Preference Shares were issued. On the Redemption Date, the depositary for the American depositary receipts evidencing the ADSs will redeem the number of ADSs corresponding to the relevant Preference Shares being redeemed at a price per ADS equal to the per share amount received by the depositary upon redemption of the relevant Preference Shares. As from the Redemption Date, the holders of the ADSs representing each series of Preference Shares will, upon surrender of the ADSs, be entitled to receive funds deposited with The Bank of New York Mellon as depositary with respect to the Preference Shares of that series, without interest. The ADSs will cease to trade on the New York Stock Exchange from the Redemption Date. Holders of the ADSs should read the notice relating to the redemption of the relevant series of Preference Shares and Letter of Transmittal included in such notice for information on the actions that they need to undertake to receive the redemption proceeds. ____________ 5/4/2012 -- THE ROYAL BANK OF SCOTLAND GROUP plc. DIVIDEND ON SERIES F, H, AND L-T NON-CUMULATIVE PREFERENCE SHARES OF US$0.01 FOR THE THREE MONTHS TO 30 JUNE 2012. The Directors have declared dividends on the F, H, and L to T Series of non-cumulative preference shares, all of which are represented by American Depositary Shares, for the three months to 30 June 2012. The dividends will be paid on 29 June 2012 at the undernoted rates to holders on the register at the close of business on 14 June 2012. ____________ April 6, 2010 -- The Royal Bank of Scotland Group plc (“RBSG” and, together with its subsidiaries, the “Group”) and National Westminster Bank Public Limited Company (“NatWest” and, together with RBSG announced today that they have launched a tender offer for the outstanding securities of each series listed in the table at the end of this press release issued by RBSG, NatWest and certain of their affiliates. The Tender Offer consists of a separate offer for each series of Securities. The Tender Offer is being made on the terms and subject to the conditions set out in an Offer to Purchase and an accompanying Letter of Transmittal, each dated April 6, 2010. CUSIP: 780097713 ADSs, Series T, representing 7.250% Non-cumulative Dollar Preference Shares, Series T, issued by RBSG on September 27, 2007 $14.75 per Security. ____________ April 6, 2010 -- As part of the State aid commitments given in connection with the State aid restructuring plan of the Group, RBSG agreed that neither it nor any of its direct or indirect subsidiaries (excluding any companies in the ABN AMRO Group (now renamed the RBS Holdings N.V. Group), which are subject to different restrictions) would pay investors any coupons or dividends on existing hybrid capital instruments from a date starting not later than April 30, 2010 and for a period of two years thereafter unless there is a legal obligation to do so. RBSG announces that the start date for this dividend and coupon deferral period will be April 30, 2010.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Royal Bank of Scotland, 7.25% Noncumulative Dollar Preference Shares, Series T, liquidation preference US$25 per share, are redeemable at the issuer's option on or after 12/31/2012 at US$25 per share plus declared and unpaid dividends, and have no stated maturity. Noncumulative distributions of 7.25% ($1.8125) per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record date which will be 15 days prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Dividends paid by these preference shares are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) but, since they are issued by a foreign company, are NOT eligible for the dividends received deduction for corporate holders (see page S-46 of the prospectus for further information). In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preference shares by clicking on the ‘Link to IPO Prospectus’ provided below.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
NYSE
Chart
7.25%
$1.8125
$25.00
$25.00
Called for
9/23/16

None
B1 / B+
10/29/15
3/31, 6/30, 9/30 & 12/31
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
Yes

Goto Parent Company's Record (RBS)

IPO - 9/24/2007 - 58.00 Million Shares @ $25.00/share.    Link to IPO Prospectus
Previous Ticker Symbol: RBSGF    Changed: 10/08/07
Market Value $ 1.5 Billion

Company's Online Information Links
HOME PAGE:     http://www.rbs.com/
Company's Investor Relations Information Goto Investor Relations Information
Company's Online News Releases Goto News Releases
Online Company Profile Goto Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Goto SEC Filings

Company's Email Address Links
Email Address investor.relations@rbs.com
Printed Material Request Form on Website Goto Email Form

Foreign Address and Phone Numbers
Address:   42 St Andrew Square, Edinburgh EH2 2YE, Scotland, United Kingdom
Main Phone Number +44-131-556-8555
Fax Number +44-131-626-3081
Inv Rel Phone Number +44 207 672 1758

Address and Phone Numbers
U.S. Representative N.A.
Address:   
Main Phone Number Not Available
Fax Number Not Available
Toll Free Phone Number 888-269-2377

Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.

footer.cfm.gif
investment Links contact quantumonline guestbook
quantumonline supporters about quantumonline using quantumonline


QuantumOnline.com
Copyright © 1997 - 2016 QuantumOnline.com. All rights reserved.
Latest Update: