Royal Bank of Scotland Group Outlines Plan To...
Royal Bank of Scotland Group Outlines Plan To Reduce Taxpayer Stake. LONDON (Alliance News) - The Royal Bank of Scotland Group PLC has proposed buying back shares ... LONDON (Alliance News) - The Royal Bank of Scotland Group PLC has proposed buying back shares from the government as it looks to deploy excess capital and speed up its privatisation. The lender has tabled a special resolution seeking permission to make off-market share purchases from the Treasury through a "directed buy-back" scheme. RBS said the buy-back could take place as part of a placement by the Treasury at a price determined through an open-market book-building process. Or it could happen via a bilateral deal whereby the bank buys a certain number of shares at the relevant market price agreed with Treasury, independent of any larger placement of shares by the government.
Story Sourcesmorningstar.co.uk belfasttelegraph.co.uk aol.co.uk braintreeandwithamtimes.co.uk shropshirestar.com