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Ma preference share e perpetue pagheranno ....
RBS 1st qtr results available at:
http://www.investors.rbs.com/download/announcements/Q1_IMS_2...
Extract about suspended Preference Dividends:
Preference dividends
On 26 November 2009, RBS entered into a State Aid Commitment Deed with HM Treasury containing
commitments and undertakings that were designed to ensure that HM Treasury was able to comply
with the commitments to be given by it to the European Commission for the purposes of obtaining
approval for the State aid provided to RBS. As part of these commitments and undertakings, RBS
agreed not to pay discretionary coupons and dividends on its existing hybrid capital instruments for a
period of two years. This period commenced on 30 April 2010 for RBS Group instruments (the two
year deferral period for RBS Holdings N.V. instruments commenced on 1 April 2011). On 30 April
2012 this period ended for RBS Group instruments. RBS has determined that it is now in a position to
recommence payments on the RBS Group instruments.
The Core Tier 1 capital impact of discretionary amounts that will be payable over the remainder of
2012 on the RBS Group instruments on which payments have previously been stopped is
c.£350 million. In the context of recent macro-prudential policy discussions, the Board of RBS has
decided to neutralise any impact on Core Tier 1 capital through equity issuance. Approximately £250
million of this is ascribed to equity funding of employee incentive awards through the sale of surplus
shares held by the Group’s Employee Benefit Trust, which is now substantially complete. An additional
c.£100 million will be raised through the issue of new ordinary shares, which is expected to take place
over time during the second half of 2012.
e inoltre:
The Directors have declared the discretionary dividends on Series M, N, P, Q, R, S, and T non-cumulative dollar preference shares of US$0.01 each for the three months to 30 June 2012, and the discretionary dividend on the Series 2 non-cumulative Euro preference shares of €0.01 for the 12 months to 30 June 2012. These discretionary dividends as well as the discretionary distributions on the RBSG/RBS innovative securities RBS Capital Trust A, RBS Capital Trust B, RBS Capital Trust D, RBS Capital Trust I, RBS Capital Trust II and RBS Capital Trust IV will be paid on their scheduled payment dates in June 2012. Future coupons and dividends on RBS Group hybrid capital instruments will only be paid subject to, and in accordance with, the terms of the relevant instruments.
