BRIEF-RBS issues 32.75 mln shares, raises 100 mln stg

Fri May 2, 2014 1:27pm EDT

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May 2 (Reuters) - Royal Bank Of Scotland Group Plc

* Announces allotment and issue of 32,751,577 new ordinary shares at subscription price of 305.3288 pence per share

* Based on this subscription price, gross proceeds of issue are 100 million pounds

* Shares being issued are for purposes of partly neutralising impact of 2014 coupon payments on discretionary hybrid capital from a core tier 1 capital perspective Further company coverage: