Analyst Research

Report Title Price
Provider: Zacks Investment Research Inc.
$12.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Royal Bank of Scotland Group PLC Completes Partial Sale Of Direct Line Group plc Ordinary Shares


Wednesday, 13 Mar 2013 06:53am EDT 

Royal Bank of Scotland Group PLC announced that on March 12, 2013, RBS has completed the sale of 252.3 million ordinary shares in Direct Line Insurance Group plc (Direct Line Group) at a price of GBP2.01 pence per share, raising gross proceeds of GBP507 million, assuming the over-allotment is exercised in full. RBS now holds 726.9 million ordinary shares of Direct Line Group, representing 48.5% of the issued ordinary share capital. If the over-allotment option is not exercised, RBS's remaining stake will comprise 749.9 million shares, equivalent to 49.99% of Direct Line Group's issued ordinary share capital. 

Company Quote

11.74
-0.15 -1.26%
4:02pm EDT