FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
2 July 2002
The Royal Bank of Scotland Group plc
42 St Andrew Square
Edinburgh EH2 2YE
Scotland
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 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
--- ---
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 (the "Company")
Scrip Dividend - Application for Admission
21,275,295 new ordinary shares of 25p each in the Company ("New Shares") have
been allotted as fully paid up under the Company's Scrip Dividend Scheme. These
New Shares rank pari passu in all respects with the existing shares of the
Company. Application has been made to the London Stock Exchange and the UK
Listing Authority for these New Shares to be admitted to the Official List.
Admission will be effective on 7 June 2002.
Further copies of this announcement are available at the Company's Offices at
36 St Andrew Square, Edinburgh, EH2 2YB and Waterhouse Square, 138-142 Holborn,
London, EC1N 2TN, and at the UK Listing Authority's Document Viewing Facility,
which is situated at: Financial Services Authority, 25 The North Colonnade,
Canary Wharf, London E14 5HS, Tel. no. 020 7676 1000.
06 June 2002
END
Citizens Financial Group, a wholly owned subsidiary of The Royal Bank of
Scotland Group has agreed to purchase Medford Bancorp, Inc in a cash
transaction for $273 million.
Medford Bancorp is a Massachusetts savings bank operating 19 branches in
Middlesex County which contains prosperous suburbs west and north of Boston.
Medford Bancorp's focus is on community banking and has $1.1 billion of retail
deposits and $0.7 billion of loans, principally in residential mortgages.
The transaction is subject to Medford shareholder and US regulatory approval
and is expected to complete in the final quarter 2002.
Fred Goodwin, Group Chief Executive, The Royal Bank of Scotland Group said:
"This is a small tactical acquisition that will be fully absorbed into the
Citizens Group. It is forecast to be accretive for our shareholders, and
usefully enhances Citizens' network in a very prosperous part of New England."
For further information please contact:
Fred Watt, Group Finance Director 0131 523 2028
Howard Moody, Group Director, Communications 0131 523 2056
Jonathan Atack 020 7427 9574/07876 145345
SCHEDULE 11
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS
1) Name of company
The Royal Bank of Scotland Group plc
2) Name of director
Sir George Ross Mathewson
3) Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest
Self
4) Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)
Sir George Ross Mathewson
5) Please state whether notification relates to a person(s) connected with the
Director named in 2 above and identify the connected person(s)
Self
6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary
Shares issued in lieu of a cash dividend for the final dividend for the year
ended 31 December 2002
7) Number of shares/amount of
stock acquired
283
8) Percentage of issued class
-
9) Number of shares/amount
of stock disposed
-
10) Percentage of issued class
-
11) Class of security
Ordinary Shares of 25p each
12) Price per share
(pound)18.394
13) Date of transaction
7 June 2002
14) Date company informed
12 June 2002
15) Total holding following this notification
247,790
16) Total percentage holding of issued class following this notification
-
If a director has been granted options by the company please complete the
following boxes
17) Date of grant
18) Period during which or date on which exercisable
19) Total amount paid (if any) for grant of the option
20) Description of shares or debentures involved: class, number
21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise
22) Total number of shares or debentures over which options held
following this notification
23) Any additional information
24) Name of contact and telephone number for queries
Mr Hew Campbell, Head of Group Secretariat
25) Name and signature of authorised company official responsible for
making this notification
Date of Notification 13 June 2002
SCHEDULE 11
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS
1) Name of company
The Royal Bank of Scotland Group plc
2) Name of director
Sir George Ross Mathewson
3) Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non- beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest
Self
4) Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)
Adam & Company Nominees Limited
5) Please state whether notification relates to a person(s) connected with the
Director named in 2 above and identify the connected person(s)
Self
6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary
Shares issued in lieu of a cash dividend for the final dividend for the year
ended 31 December 2002
7) Number of shares/amount of
stock acquired
2,962
8) Percentage of issued class
-
9) Number of shares/amount
of stock disposed
-
10) Percentage of issued class
-
11) Class of security
Ordinary Shares of 25p each
12) Price per share
(pound)18.394
13) Date of transaction
7 June 2002
14) Date company informed
12 June 2002
15) Total holding following this notification
250,752
16) Total percentage holding of issued class following this notification
-
If a director has been granted options by the company please complete the
following boxes
17) Date of grant
18) Period during which or date on which exercisable
19) Total amount paid (if any) for grant of the option
20) Description of shares or debentures involved: class, number
21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise
22) Total number of shares or debentures over which options held
following this notification
23) Any additional information
24) Name of contact and telephone number for queries
Mr Hew Campbell, Head of Group Secretariat
25) Name and signature of authorised company official responsible for
making this notification
Date of Notification 13 June 2002
SCHEDULE 11
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS
1) Name of company
The Royal Bank of Scotland Group plc
2) Name of director
Iain Samuel Robertson
3) Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non- beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest
Self
4) Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)
Iain Samuel Robertson
5) Please state whether notification relates to a person(s) connected with the
Director named in 2 above and identify the connected person(s)
Self
6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary
Shares issued in lieu of a cash dividend for the final dividend for the year
ended 31 December 2002
7) Number of shares/amount of
stock acquired
1,728
8) Percentage of issued class
-
9) Number of shares/amount
of stock disposed
-
10) Percentage of issued class
-
11) Class of security
Ordinary Shares of 25p each
12) Price per share
(pound)18.394
13) Date of transaction
7 June 2002
14) Date company informed
12 June 2002
15) Total holding following this notification
119,937
16) Total percentage holding of issued class following this notification
-
If a director has been granted options by the company please complete the
following boxes
17) Date of grant
18) Period during which or date on which exercisable
19) Total amount paid (if any) for grant of the option
20) Description of shares or debentures involved: class, number
21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise
22) Total number of shares or debentures over which options held
following this notification
23) Any additional information
24) Name of contact and telephone number for queries
Mr Hew Campbell, Head of Group Secretariat
25) Name and signature of authorised company official responsible for
making this notification
Date of Notification 13 June 2002
SCHEDULE 11
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS
1) Name of company
The Royal Bank of Scotland Group plc
2) Name of director
Robert Avisson Scott
3) Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non- beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest
Self
4) Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)
Mrs Joanne Rose Scott
5) Please state whether notification relates to a person(s) connected with the
Director named in 2 above and identify the connected person(s)
Spouse
6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary
Shares issued in lieu of a cash dividend for the final dividend for the year
ended 31 December 2002
7) Number of shares/amount of
stock acquired
8
8) Percentage of issued class
-
9) Number of shares/amount
of stock disposed
-
10) Percentage of issued class
-
11) Class of security
Ordinary Shares of 25p each
12) Price per share
(pound)18.394
13) Date of transaction
7 June 2002
14) Date company informed
12 June 2002
15) Total holding following this notification
1,445
16) Total percentage holding of issued class following this notification
-
If a director has been granted options by the company please complete the
following boxes
17) Date of grant
18) Period during which or date on which exercisable
19) Total amount paid (if any) for grant of the option
20) Description of shares or debentures involved: class, number
21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise
22) Total number of shares or debentures over which options held
following this notification
23) Any additional information
24) Name of contact and telephone number for queries
Mr Hew Campbell, Head of Group Secretariat
25) Name and signature of authorised company official responsible for
making this notification
Date of Notification 13 June 2002
SCHEDULE 11
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS
1) Name of company
The Royal Bank of Scotland Group plc
2) Name of director
William Moore Wilson
3) Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non- beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest
Self
4) Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)
William Moore Wilson
5) Please state whether notification relates to a person(s) connected with the
Director named in 2 above and identify the connected person(s)
Self
6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary
Shares issued in lieu of a cash dividend for the final dividend for the year
ended 31 December 2002
7) Number of shares/amount of
stock acquired
111
8) Percentage of issued class
-
9) Number of shares/amount
of stock disposed
-
10) Percentage of issued class
-
11) Class of security
Ordinary Shares of 25p each
12) Price per share
(pound)18.394
13) Date of transaction
7 June 2002
14) Date company informed
12 June 2002
15) Total holding following this notification
9,532
16) Total percentage holding of issued class following this notification
-
If a director has been granted options by the company please complete the
following boxes
17) Date of grant
18) Period during which or date on which exercisable
19) Total amount paid (if any) for grant of the option
20) Description of shares or debentures involved: class, number
21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise
22) Total number of shares or debentures over which options held
following this notification
23) Any additional information
24) Name of contact and telephone number for queries
Mr Hew Campbell, Head of Group Secretariat
25) Name and signature of authorised company official responsible for
making this notification
Date of Notification 13 June 2002
SCHEDULE 11
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS
1) Name of company
The Royal Bank of Scotland Group plc
2) Name of director
William Moore Wilson
3) Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non- beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest
Self
4) Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)
Mrs Margaret Roan Wilson
5) Please state whether notification relates to a person(s) connected with the
Director named in 2 above and identify the connected person(s)
Spouse
6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary
Shares issued in lieu of a cash dividend for the final dividend for the year
ended 31 December 2002
7) Number of shares/amount of
stock acquired
15
8) Percentage of issued class
-
9) Number of shares/amount
of stock disposed
-
10) Percentage of issued class
-
11) Class of security
Ordinary Shares of 25p each
12) Price per share
(pound)18.394
13) Date of transaction
7 June 2002
14) Date company informed
12 June 2002
15) Total holding following this notification
9,547
16) Total percentage holding of issued class following this notification
-
If a director has been granted options by the company please complete the
following boxes
17) Date of grant
18) Period during which or date on which exercisable
19) Total amount paid (if any) for grant of the option
20) Description of shares or debentures involved: class, number
21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise
22) Total number of shares or debentures over which options held
following this notification
23) Any additional information
24) Name of contact and telephone number for queries
Mr Hew Campbell, Head of Group Secretariat
25) Name and signature of authorised company official responsible for
making this notification
Date of Notification 13 June 2002
SCHEDULE 11
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS
1) Name of company
The Royal Bank of Scotland Group plc
2) Name of director
Norman Cardie McLuskie
3) Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non- beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest
Self
4) Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)
Adam & Company Nominees Limited
5) Please state whether notification relates to a person(s) connected with the
Director named in 2 above and identify the connected person(s)
Self
6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary
Shares issued in lieu of a cash dividend for the final dividend for the year
ended 31 December 2002
7) Number of shares/amount of
stock acquired
1,769
8) Percentage of issued class
-
9) Number of shares/amount
of stock disposed
-
10) Percentage of issued class
-
11) Class of security
Ordinary Shares of 25p each
12) Price per share
(pound)18.394
13) Date of transaction
7 June 2002
14) Date company informed
12 June 2002
15) Total holding following this notification
147,654
16) Total percentage holding of issued class following this notification
-
If a director has been granted options by the company please complete the
following boxes
17) Date of grant
18) Period during which or date on which exercisable
19) Total amount paid (if any) for grant of the option
20) Description of shares or debentures involved: class, number
21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise
22) Total number of shares or debentures over which options held
following this notification
23) Any additional information
24) Name of contact and telephone number for queries
Mr Hew Campbell, Head of Group Secretariat
25) Name and signature of authorised company official responsible for
making this notification
Date of Notification 13 June 2002
SCHEDULE 11
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS
1) Name of company
The Royal Bank of Scotland Group plc
2) Name of director
Norman Cardie McLuskie
3) Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non- beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest
Self
4) Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)
Norman Cardie McLuskie
5) Please state whether notification relates to a person(s) connected with the
Director named in 2 above and identify the connected person(s)
Self
6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary
Shares issued in lieu of a cash dividend for the final dividend for the year
ended 31 December 2002
7) Number of shares/amount of
stock acquired
163
8) Percentage of issued class
-
9) Number of shares/amount
of stock disposed
-
10) Percentage of issued class
-
11) Class of security
Ordinary Shares of 25p each
12) Price per share
(pound)18.394
13) Date of transaction
7 June 2002
14) Date company informed
12 June 2002
15) Total holding following this notification
145,885
16) Total percentage holding of issued class following this notification
-
If a director has been granted options by the company please complete the
following boxes
17) Date of grant
18) Period during which or date on which exercisable
19) Total amount paid (if any) for grant of the option
20) Description of shares or debentures involved: class, number
21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise
22) Total number of shares or debentures over which options held
following this notification
23) Any additional information
24) Name of contact and telephone number for queries
Mr Hew Campbell, Head of Group Secretariat
25) Name and signature of authorised company official responsible for
making this notification
Date of Notification 13 June 2002
THE ROYAL BANK OF SCOTLAND GROUP plc
The Royal Bank of Scotland Group plc ("the Group") announces that, following
the appointment of Colin Alexander Mason Buchan as a non-executive director, no
details in connection with Section 6.F.2 of the Listing Rules require to be
disclosed.
In respect of Section 16.4 of the Listing Rules, the Group announces that Colin
Buchan was appointed as a director of Merrill Lynch World Mining Trust plc on
25 July 2001.
17 June 2002
The Royal Bank of Scotland Group plc
Pre-Close Trading Up-date
27 June 2002
The Royal Bank of Scotland Group ("RBS") will be holding discussions with
analysts ahead of its close period for the half year ending 30 June 2002. This
statement details the information that will be covered in those discussions.
RBS has continued to make strong progress in the first half of 2002. Key
features of its interim results, which will be released on 7 August, are
expected to include continued strong growth in income, a further improvement in
efficiency and stable margins. The increased targets for NatWest integration
benefits are being met and excellent progress is being made on the integration
of the Mellon Regional Franchise by Citizens.
Income:
RBS has continued to achieve strong growth in income. While lower stock market
values have affected income growth in Wealth Management, income growth
elsewhere is strong, especially in Citizens, Direct Line and Retail Direct.
Expenses:
Expenses have grown to support the increased levels of income, however income
growth has again comfortably exceeded expense growth in the first half of 2002,
and this relative movement has led to a further improvement in the Group's
cost:income ratio.
Credit Quality:
Overall credit quality remains strong, with no material change to the
distribution by grade of our lending portfolio compared with the position
disclosed in the results presentation in February.
Provisions:
The charge for provisions continues at a level consistent with the second half
of 2001 and the growth in the loan book, and is in line with expectations.
Ratios for risk elements in lending and provision coverage remain in line with
levels at the end of last year.
Margins:
The Group net interest margin has remained stable. Improved lending margins
have offset the downward pressure on deposit margins arising from lower
interest rates.
Integration:
The increased targets for benefits in relation to the integration of NatWest
are being met and the integration programme remains fully on track. In the
United States, the integration of the Mellon Regional Franchise by Citizens is
running ahead of plan.
Capital:
Capital ratios remain in line with those reported in February and the
anticipated rate of capital generation is sufficient to meet foreseeable
requirements.
Accounting Policy Changes:
Implementation of FRS19 (Deferred Tax) and UITF Abstract 33 (Capital
Instruments) has not had a material effect on the Group's results for the
current and prior periods. The Group will be implementing FRS17 (Retirement
Benefits) with effect from 1 January 2003; early implementation in 2002 would
not have had a material effect on the Group's results.
Fred Goodwin, Group Chief Executive, commented:
"Strong income growth and improved efficiency will again be key features when
we report our half year results. Our view of credit provisioning and credit
quality is unchanged from that discussed in detail in February. The Group
continues to perform well and in line with expectations. We believe that the
interim results will portray a very positive picture of the Group's progress."
=================================================
End
For further information please contact:
Fred Goodwin, Group Chief Executive 0131 556 8555
Fred Watt, Group Finance Director 0131 556 8555
Jonathan Atack, Head of Investor Relations 020 7427 9574
Howard Moody, Group Director, Communications 0131 523 2056
This announcement contains forward looking statements. These statements are
based on current expectations and are subject to a number of risks and
uncertainties. The factors that might cause forward looking statements to
differ materially from actual results include, among other things, regulatory
and economic factors. RBS assumes no responsibility to update any of the
forward looking statements contained herein nor should anything in this
announcement be taken as a profit forecast.
National Westminster Bank Plc ("NatWest") - Form 20-F
In accordance with the US Securities Exchange Act of 1934, NatWest has today
filed with the Securities and Exchange Commission its Annual Report on Form
20-F for the year ended 31 December 2001. Copies will be available from the
registered office of NatWest at 135 Bishopsgate, London, EC2M 3UR from Friday,
5 July 2002.
1 July 2002
End
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly
authorised.
2 July 2002
THE ROYAL BANK OF SCOTLAND GROUP plc
(Registrant)
By: /s/ H Campbell
---------------------------------
Name: H Campbell
Title: Head of Group Secretariat