RBS 2013 Annual Report Download - page 545
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Shareholder information
543
Dividend history
Preference dividends
2013 2013 2012 2011 2010 2009
Amount per share $ £ £ £ £ £
Non-cumulative preference shares of US$0.01
- Series F (1) 1.91 1.16 1.21 1.19 1.06 1.22
- Series H (1) 1.81 1.10 1.14 1.13 1.03 1.15
- Series L (1) 1.44 0.87 0.91 0.90 0.86 0.92
- Series M (2) 1.60 1.03 0.75 — 0.26 1.02
- Series N (2) 1.59 1.03 0.74 — 0.26 1.01
- Series P (2) 1.56 1.01 0.73 — 0.25 0.99
- Series Q (2) 1.69 1.09 0.79 — 0.27 1.07
- Series R (2) 1.53 0.99 0.72 — 0.25 0.97
- Series S (2) 1.65 1.07 0.77 — 0.27 1.05
- Series T (2) 1.81 1.17 0.85 — 0.29 1.15
- Series U (2) 7,640 4,881 2,406 — 2,474 5,019
Non-cumulative convertible preference shares of US$0.01
- Series 1 (1) 91.18 55.12 57.86 56.87 59.98 60.33
Non-cumulative preference shares of €0.01
- Series 1 (2) 75.77 45.76 44.65 — — 49.46
- Series 2 (2) 72.32 44.83 42.25 — — 46.00
- Series 3 (2) 4,885 3,027 2,813 — — 3,125
Non-cumulative convertible preference shares of £0.01
- Series 1 (1) 122.20 73.87 73.87 73.87 73.87 73.87
Non-cumulative preference shares of £1
- Series 1 (2) 47.02 28.42 89.62 — — 81.62
- Series 2 (redeemed April 2009) (2) — — — — — 54.71
Notes:
(1) Classified as subordinated liabilities.
(2) Classified as equity.
On 26 November 2009, RBS entered into a State Aid Commitment Deed
with HM Treasury containing commitments and undertakings that were
designed to ensure that HM Treasury was able to comply with the
commitments to be given by it to the European Commission for the
purposes of obtaining approval for the State aid provided to RBS. As part
of these commitments and undertakings, RBS agreed not to pay
discretionary coupons and dividends on its existing hybrid capital
instruments for a period of two years. This period commenced on 30 April
2010 for RBS Group instruments and ended on 30 April 2012; the two
year deferral period for RBS Holdings N.V. instruments commenced on 1
April 2011 and ended on 1 April 2013.
On 4 May 2012, RBS determined that it was in a position to recommence
payments on RBS Group instruments. In June 2013 RBS Holdings N.V.
resumed payments on its hybrid capital instruments. Future coupons and
dividends on hybrid capital instruments will only be paid subject to, and in
accordance with, the terms of the relevant instruments.
For further information, see Note 7 on the consolidated accounts.
Ordinary dividends
The company has not paid an ordinary dividend since 2007. In 2008, the
company issued new ordinary shares by way of a capitalisation issue
rather than paying an interim dividend.