Agreement with Treasury to provide for future retirement of Dividend Access Share


Agreement with Treasury to provide for future retirement of Dividend Access Share

RBS is pleased to announce that it has entered into an agreement with Her Majesty’s Treasury to provide for the future retirement of the Dividend Access Share (‘DAS’).

Our news

09 April 2014

RBS has announced the Dividend Access Share Retirement Agreement

The DAS Retirement Agreement sets out the process for removal of the DAS – a key element of the Government’s 2009 capital injection into RBS and the associated European Commission approval of the State Aid package for the bank. Among other benefits, the retirement of the DAS will in future allow the Board of RBS to state more clearly a dividend policy to existing and potential investors.

Ross McEwan, RBS Group Chief Executive, said:

“Today’s agreement is a vote of confidence in the progress we have made in rebuilding RBS and in our plan for the bank’s future. We now need to get on with building an RBS that can earn the trust of our customers and help change UK banking for the better.”

Read more about the Dividend Access Share Retirement Agreement.

Posted In

Our news

Tagged

2014

Latest news

RBS to help 2.5 million people each year to be more financially capable

RBS has today committed to helping 2.5 million people in the UK each year to improve their financial capability.

RBS to increase lending to sustainable energy sector following £1.1bn securitisation of loans to UK sustainable energy market

RBS has executed a £1.1bn securitisation deal with Macquarie Infrastructure Debt Investment Solutions (MIDIS), which will allow the bank to recycle capital and increase lending to the sustainable or renewable energy sectors.

RBS launches £1 billion Female Entrepreneurship Funding and announces targets to help create at least 50k new businesses by 2023

RBS has today announced a new £1 billion in funding through NatWest to support female entrepreneurs in the UK to scale and grow – the largest intervention by a UK lender focused specifically on female-led businesses.

Set Tab for lightbox