Royal Bank of Scotland Group PLC Declaration of Interim Dividend (8171X)
August 15 2018 - 1:00AM
UK Regulatory
TIDMRBS
RNS Number : 8171X
Royal Bank of Scotland Group PLC
15 August 2018
Royal Bank of Scotland Group plc
14 August 2018
The Royal Bank of Scotland Group plc - Declaration of Interim
Dividend
The Royal Bank of Scotland Group plc ("RBS Group", together with
its subsidiaries, "RBS") today announces that it has reached a
final settlement with the US Department of Justice ("DoJ") to
resolve its investigation into RBS's issuance and underwriting of
US residential mortgage-backed securities ("RMBS") between 2005 and
2007. Under the terms of the settlement and as previously announced
on 10 May 2018, RBS will pay a civil monetary cash penalty of US
$4.9 billion (GBP3,715 million at 30 June 2018 exchange rates) out
of existing liquidity resources. The financial and capital impacts
of this agreement were recognised in the RBS Group and NatWest
Markets Plc and other RBS entities Half Year results as announced
on 3rd August 2018.
In accordance with its intention announced on 3 August 2018, the
RBS Group today declares an interim ordinary dividend of 2 pence
per share.
The dividend shall be paid on 12 October 2018 to shareholders on
the register at the close of business on 24 August 2018. The
ex-dividend date will be 23 August 2018.
Ross McEwan, RBS Chief Executive, said:
"We are pleased to have reached a final settlement with the DoJ
and that we can focus our energy on serving our customers better
and returning capital to our shareholders."
"This settlement dates back to the period between 2005 and 2007.
There is no place for the sort of unacceptable behaviour alleged by
the DoJ at the bank we are building today."
For Further Information Contact:
RBS Investor Relations:
Matt Waymark
Head of Investor Relations
+44 (0) 20 7672 1758
RBS Media Relations:
+44 (0) 13 1523 4205
RBS Shareholder Helpline :
+44 (0)370 702 0135
Forward Looking Statements
This announcement contains forward-looking statements within the
meaning of the 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, risk-weighted assets, 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 and capital 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 interim reports 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.
Legal Entity Identifiers
The Royal Bank of Scotland Group 2138005O9XJIJN4JPN90
plc
NatWest Markets Plc RR3QWICWWIPCS8A4S074
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END
DIVUSVRRWNAWAUR
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