RBS 2013 Annual Report Download - page 100
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Report of the directors
98
Shareholdings
The table below shows shareholders that have notified the Group that
they hold more than 3% of the total voting rights of the company at 31
December 2013.
Solicitor For The Affairs of Her
Majesty’s Treasury as Nominee
for Her Majesty’s Treasury
Number of shares
(millions)
% of share class
held
% of total
voting rights
held
Ordinary shares 3,964 63.9 63.9
B shares (non-voting) 51,000 100 —
On 8 January 2014, the Group was notified that Her Majesty’s Treasury’s
shareholding of ordinary shares as at 31 December 2013 represented
63.9% of the total voting rights. The decrease was as a result of a change
in the total voting rights.
Political donations
At the Annual General Meeting in 2013, shareholders gave authority
under Part 14 of the Companies Act, for a period of one year, for the
company (and its subsidiaries) to make political donations and incur
political expenditure up to a maximum aggregate sum of £100,000. This
authorisation was taken as a precaution only, as the company has a
longstanding policy of not making political donations or incurring political
expenditure within the ordinary meaning of those words. During 2013, the
Group made no political donations, nor incurred any political expenditure
in the UK or EU and it is not proposed that the Group’s longstanding
policy of not making contributions to any political party be changed.
Shareholders will be asked to renew this authorisation at the Annual
General Meeting in 2014.
Directors’ disclosure to auditors
Each of the directors at the date of approval of this report confirms that:
(a) so far as the director is aware, there is no relevant audit information of
which the company’s auditors are unaware; and
(b) the director has taken all the steps that he/she ought to have taken as
a director to make himself/herself aware of any relevant audit information
and to establish that the company’s auditors are aware of that
information.
This confirmation is given and should be interpreted in accordance with
the provisions of section 418 of the Companies Act.
Auditors
The auditors, Deloitte LLP, have indicated their willingness to continue in
office. A resolution to re-appoint Deloitte LLP as the company’s auditors
will be proposed at the forthcoming Annual General Meeting.
By order of the Board
Aileen Taylor
Secretary
26 February 2014
The Royal Bank of Scotland Group plc
is registered in Scotland No. SC45551