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RBS places rights issue rump at 230p a share

The Royal Bank of Scotland Group says it has placed a rights issue rump at 230p a share for the remaining 299,375m new shares.

The bank announced this morning that it had received a 95 per cent take up of its £12bn rights issue.

It was left with 299,375m new shares for which valid acceptances were not received.

RBS says the net proceeds from the sale of the new shares – after deduction of the rights issue price of 200p a share and relevant cost – will be paid without interest to shareholders who have not taken up their entitlements.

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