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
June 16, 2017
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:
The
Royal Bank of Scotland Group plc
16 June
2017
Capital reorganisation - notice of completion
The
Royal Bank of Scotland Group plc ("the Company") announces that the
cancellation of its share premium account and capital redemption
reserve ("the Reduction") is now effective following the
confirmation of the Reduction by the Court of Session, Edinburgh
and the registration of the court order with the Registrar of
Companies in Scotland on 15 June 2017. This follows approval of the
Reduction by special resolution of the Company passed its annual
general meeting on 11 May 2017 ("the AGM").
At the
date of the AGM, the combined balance of the share premium account
and capital redemption reserve was GBP30.3 billion. As a result of
the Reduction, the Company's retained earnings have been increased
by an equal amount. As at 31 March 2017, the Company's retained
earnings were GBP7.9bn.
The
Company will report on 4 August 2017 its interim results for the
half year ending 30 June 2017. Those results will reflect the
increase in retained earnings resulting from the
Reduction.
For
further information, please contact:
RBS Investor Relations
Matthew
Richardson
Head of
Fixed Income Investor Relations
Tel:
+44 (0) 20 7678 1800
This
announcement contains forward-looking statements within the meaning
of the United States Private Securities Litigation Reform Act of
1995, including those related to RBS and its subsidiaries'
regulatory capital position and requirements, financial position,
future pension funding requirements, on-going litigation and
regulatory investigations, profitability, impairment losses and
credit exposures under certain specified scenarios. In addition,
forward-looking statements may include, without limitation,
statements typically containing words such as "intends", "expects",
"anticipates", "targets", "plans", "believes", "risk", "estimates"
and words of similar import. These statements concern or may affect
future matters, such as RBS's future economic results, business
plans and current strategies. 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, legislative, fiscal and regulatory developments, accounting
standards, competitive conditions, technological developments,
exchange rate fluctuations and general economic conditions. 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 Annual Report and Accounts and materials filed with, or
furnished to, the US Securities and Exchange Commission, including,
but not limited to, RBS's Reports on Form 6-K and most recent
Annual Report on Form 20-F. The forward-looking statements
contained in this announcement speak only as of the date of this
announcement and RBS does not assume or undertake any obligation or
responsibility to update any of the forward-looking statements
contained in this announcement, whether as a result of new
information, future events or otherwise, except to the extent
legally required. ENDS
LEI:
2138005O9XJIJN4JPN90
Date: 16
June 2017
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THE
ROYAL BANK OF SCOTLAND GROUP plc (Registrant)
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By: /s/
Jan Cargill
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Name:
Jan Cargill
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Title:
Deputy Secretary
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