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 30, 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:
30 June 2017
Allotment and Issue of New Ordinary Shares
The Royal Bank of Scotland Group plc (the "Company") announces the
allotment and issue of 29,000,000 new ordinary shares (the "New
Ordinary Shares") of the Company at a subscription price of
259.0457 pence per New Ordinary
Share. The shares have been sold in the market. The
subscription price was determined by reference to the average
market price during a period since the Company's first quarter 2017
results on 28 April 2017.
The shares being issued are for the purposes of partly neutralising
the impact of 2017 coupon payments on discretionary hybrid capital
from a Common Equity Tier 1 capital perspective, as explained in
the Company's Full Year 2016 results announcements.
Based on this subscription price, the gross proceeds of the issue
are approximately £75 million. The New Ordinary Shares being
issued represent an increase of approximately 0.24% per cent in the
Company's current issued ordinary shares. The New Ordinary
Shares will, when issued, be credited as fully paid and rank pari
passu in all respects with the existing ordinary shares of the
Company.
Applications will be made for admission of the New Ordinary Shares
to the premium listing segment of the Official List of the UK
Listing Authority and to trading (together "Admission") on (i) the
main market of the London Stock Exchange and (ii) the New York
Stock Exchange ("the NYSE"). American Depositary Shares ("ADS")
will also be listed with the NYSE in addition to the New Ordinary
Shares underlying the ADSs. It is expected that Admission will take
place at 8.00 a.m. on 6 July 2017.
For further information, please contact:
RBS Investor Relations
Matthew Richardson
Head of Fixed Income Investor Relations
+44 20 7678 1800
RBS Media Relations
+44 131 523 4205
Legal Entity Identifier: 2138005O9XJIJN4JPN90
Date: 30
June 2017
This press release is neither an offer to sell nor a solicitation
of an offer to buy the New Ordinary Shares, and shall not
constitute an offer to sell or a solicitation of an offer to buy,
or a sale of, the New Ordinary Shares in any jurisdiction in which
such offer, solicitation or sale is unlawful. The New Ordinary
Shares have not been, and will not be, registered under the US
Securities Act of 1933 (the “Securities Act”) and may
not be offered or sold in the United States absent registration or
an exemption from the registration requirements of the Securities
Act. There will be no public offer of the New Ordinary Shares in
the United States. The New Ordinary Shares have not been approved
or disapproved by the US Securities and Exchange Commission, any
state securities commission in the United States or any other US
regulatory authority. Any representation to the contrary is a
criminal offence in the United States.
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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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