RBS 2006 Annual Report Download - page 255
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Please find page 255 of the 2006 RBS annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.RBS Group • Annual Report and Accounts 2006
254
Shareholder information continued
Shareholder information
Trading market
On 16 October 1996, 26 March 1997, 12 February 1998, 8 February 1999, 12 June 2001, 30 September 2004, 26 August 2004,
19 May 2005, 9 November 2005, 25 May 2006 and 27 December 2006 the company issued the following American Depositary
Shares (“ADSs”) in the United States, which were outstanding at 31 December 2006:
8,000,000 Series E (“Series E ADSs”) representing 8,000,000 non-cumulative dollar preference shares, Series E;
8,000,000 Series F (“Series F ADSs”) representing 8,000,000 non-cumulative dollar preference shares, Series F;
10,000,000 Series G (“Series G ADSs”) representing 10,000,000 non-cumulative dollar preference shares, Series G;
12,000,000 Series H (“Series H ADSs”) representing 12,000,000 non-cumulative dollar preference shares, Series H;
16,000,000 Series K (“Series K ADSs”) representing 16,000,000 non-cumulative dollar preference shares, Series K;
34,000,000 Series L (“Series L ADSs”) representing 34,000,000 non-cumulative dollar preference shares, Series L;
37,000,000 Series M (“Series M ADSs”) representing 37,000,000 non-cumulative dollar preference shares, Series M;
40,000,000 Series N (“Series N ADSs”) representing 40,000,000 non-cumulative dollar preference shares, Series N;
22,000,000 Series P (“Series P ADSs”) representing 22,000,000 non-cumulative dollar preference shares, Series P;
27,000,000 Series Q (“Series Q ADSs”) representing 27,000,000 non-cumulative dollar preference shares, Series Q; and
26,000,000 Series R (“Series R ADSs”) representing 26,000,000 non-cumulative dollar preference shares, Series R.
Each of the respective ADSs represents the right to receive
one corresponding preference share, and is evidenced by an
American Depositary Receipt (“ADR”) and is listed on the New
York Stock Exchange (“NYSE”).
The ADRs evidencing the ADSs above were issued pursuant to
Deposit Agreements, among the company, The Bank of New
York, as depository, and all holders from time-to-time of ADRs
issued thereunder. Currently, there is no non-United States
trading market for any of the non-cumulative dollar preference
shares. All of the non-cumulative dollar preference shares are
held by the depository, as custodian, in bearer form.
In March 2006, the company redeemed the 7 million Series D
non-cumulative preference shares of US$0.01 each and the
12 million Series I non-cumulative preference shares of
US$0.01 each.
In January 2007, the company redeemed the 8 million Series E
non-cumulative preference shares of US$0.01 each, the 10
million Series G non-cumulative preference shares of US$0.01
each and the 16 million Series K non-cumulative preference
shares of US$0.01 each.
At 31 December 2006, there were 99 registered shareholders of
Series E ADSs, 112 registered shareholders of Series F ADSs,
74 registered shareholders of Series G ADSs, 73 registered
shareholders of Series H ADSs, 55 registered shareholders of
Series K ADSs, 26 registered shareholders of Series L ADSs, 1
registered shareholder of Series M ADSs, 49 registered
shareholders of Series N ADSs, 54 registered shareholders of
Series P ADSs, 20 registered shareholders of Series Q ADSs and
1 registered shareholder of Series R ADSs.
On 20 August 2001, the company issued US$1.2 billion of
perpetual regulatory tier one securities (‘PROs’) in connection
with a public offering in the United States.
The ADSs and the PROs are listed on the NYSE.