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Royal Bank of Scotland, 6.75% Non-cumul Dollar Preference Shares Series Q ADR
Ticker Symbol: RBS-Q* CUSIP: 780097754 Exchange: NYSE
* NOTE: This security is no longer trading as of 9/01/2015
Security has been Called for: Tuesday, September 1, 2015
30 July 2015 -- The Royal Bank of Scotland Group plc has given notice to holders of the redemption on 1 September 2015, 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 M (ADS CUSIP: 780097796; ADS ISIN: US7800977966), amount outstanding US$578,146,725 (the "Series M preference shares");
(ii) Non-cumulative USD Preference Shares, Series N (ADS CUSIP: 780097770; ADS ISIN: US7800977701), amount outstanding US$552,829,000 (the "Series N preference shares");
(iii) Non-cumulative USD Preference Shares, Series P (ADS CUSIP: 780097762; ADS ISIN: US7800977628), amount outstanding US$247,082,675 (the "Series P preference shares"); and
(iv) Non-cumulative USD Preference Shares, Series Q (ADS CUSIP: 780097754; ADS ISIN: US7800977545), amount outstanding US$516,173,450 (the "Series Q preference shares", and together with the Series M preference shares, the Series N preference shares and the Series P preference shares, the "Preference Shares"),
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 accrued dividends for the current dividend period to the Redemption Date, which dividend shall equal $0.275556 per Series M preference share, $0.273403 per Series N preference share, $0.269097 per Series P preference share and $0.290625 per Series Q preference share. The redemption amount with respect to each series of Preference Shares shall be paid out of distributable profits of RBSG. 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. 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. For further information and copies of the notices and Letters of Transmittal, please contact: The Bank of New York Mellon (depositary) at telephone number 1 866 300 4353; international callers may telephone +001 201 680 6825. ____________ 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: 780097754 ADSs, Series Q, representing 6.750% Non-cumulative Dollar Preference Shares, Series Q, issued by RBSG on May 25, 2006 $14.00 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.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Royal Bank of Scotland, 6.75% Non-cumulative Dollar Preference Shares, Series Q, liquidation preference US$25 per share, are redeemable at the issuer's option on or after 6/30/2011 at US$25 per share plus declared and unpaid dividends, and have no stated maturity. Noncumulative distributions of 6.75% (US$1.6875) 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-13 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 stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (NWG)
IPO - 5/22/2006 - 27.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: RBSQY Changed: 6/16/2006
Market Value $675.0 Million
Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Company's Email Address Links |
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
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+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 |
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