Blueprint
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
November 29, 2018
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
Redemption of Non-Cumulative Dollar Preference Shares, Series
S
29 November 2018
The Royal Bank of Scotland Group plc ("RBSG") has given notice to holders of the redemption
in whole of its Series S Non-Cumulative Dollar Preference Shares
(the "Preference
Shares").
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 relevant redemption
date.
The Preference Shares will cease to trade on the New York Stock
Exchange from the Redemption Date (as defined below).
The redemption amount with respect to the Preference Shares shall
be paid out of distributable reserves of RBSG.
Redemption of USD Preference Shares
Redemption on 31 December 2018 (the "Redemption
Date"), in whole, of the
Non-cumulative USD Preference Shares Series S (ADS CUSIP: 780097739
ADS ISIN: US7800977396), amount outstanding US$661,226,000.00 and
the corresponding American Depositary Shares ("ADSs"), at the redemption price 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 US$0.412500 per Preference Share.
On the Redemption Date, the depositary for the American depositary
receipts evidencing the ADSs will redeem the number of ADSs
corresponding to the Preference Shares being redeemed at a price
per ADS equal to the per share amount received by the depositary
upon redemption of the Preference Shares. As from the Redemption
Date, the holders of the ADSs representing the 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, without interest.
Holders of the ADSs should read the notice relating to the
redemption of the 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 notice and Letter of
Transmittal, please contact The Bank of New York Mellon
(depositary) at telephone number 1 866 241 9317; international
callers may telephone +001 201 680 6825.
The Royal Bank of Scotland Group plc:
Scott Forrest
Head of RBS Debt Capital Markets & Capital
Strategy
Tel: +44 131 626 1329
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, Head of RBS
Debt Capital Markets & Capital Strategy for The Royal Bank of
Scotland Group.
The Royal Bank of Scotland Group plc
2138005O9XJIJN4JPN90
Date: 29
November 2018
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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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