REG - Royal Bk Scot.Grp. - Half Yearly Report - Part 2 <Origin Href="QuoteRef">RBS.L</Origin> - Part 6

NatwestAnnouncement

29/10/2014 09:17

- Part 6: For the preceding part double click  ID:nRSA9699Ne 

  
 ●  As a result of the UK Government's majority shareholding in the Group it is able to exercise a significant degree of influence over the Group including on dividend policy, the election of directors or appointment of senior management, remuneration policy  
    and/or limiting the Group's operations. The offer or sale by the UK Government of all or a portion of its shareholding in the Company could affect the market price of the equity shares and other securities and acquisitions of ordinary shares by the UK     
    Government (including through conversions of other securities or further purchases of shares) may result in the delisting of the Group from the Official List.                                                                                                  
                                                                                                                                                                                                                                                                    
 ●  The actual or perceived failure or worsening credit of the Group's counterparties or borrowers, including sovereigns in the Eurozone, and depressed asset valuations resulting from poor market conditions have led the Group to realise and recognise          
    significant impairment charges and write-downs which have adversely affected the Group and could continue to adversely affect the Group if, due to a deterioration in economic and financial market conditions or continuing weak economic growth, it were to   
    recognise or realise further write-downs or impairment charges.                                                                                                                                                                                                 
                                                                                                                                                                                                                                                                    
 ●  The value of certain financial instruments recorded at fair value is determined using financial models incorporating assumptions, judgements and estimates that may change over time or may ultimately not turn out to be accurate.                             
                                                                                                                                                                                                                                                                    
 ●  Recent developments in regulatory or tax legislation and any further significant developments could have an effect on how the Group conducts its business and on its results of operations and financial condition, and the recoverability of certain deferred  
    tax assets recognised by the Group is subject to uncertainty.                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                    
 ●  The Group is required to make planned contributions to its pension schemes and to compensation schemes in respect of certain financial institutions (such as the UK Financial Services Compensation Scheme). Additional or increased contributions may have an  
    adverse impact on the Group's results of operations, cash flow and financial condition.                                                                                                                                                                         
 
 
Statement of directors' responsibilities 
 
We, the directors listed below, confirm that to the best of our knowledge: 
 
 ·  the condensed financial statements have been prepared in accordance with IAS 34 'Interim Financial Reporting';                                                                                                                                                  
                                                                                                                                                                                                                                                                    
 ·  the interim management report includes a fair review of the information required by DTR 4.2.7R (indication of important events during the first six months and description of principal risks and uncertainties for the remaining six months of the year); and  
                                                                                                                                                                                                                                                                    
 ·  the interim management report includes a fair review of the information required by DTR 4.2.8R (disclosure of related parties' transactions and changes therein).                                                                                               
 
 
By order of the Board 
 
 Philip Hampton  Ross McEwan      Ewen Stevenson           
 Chairman        Chief Executive  Chief Financial Officer  
 
 
31 July 2014 
 
Board of directors 
 
 Chairman        Executive directors        Non-executive directors                                
 Philip Hampton  Ross McEwanEwen Stevenson  Sandy CrombieAlison DavisMorten FriisRobert Gillespie  
                                            Penny Hughes                                           
                                            Brendan NelsonBaroness Noakes                          
                                            Philip Scott                                           
 
 
Additional information 
 
Share information 
 
                                         30 June 2014  31 March 2014  31 December 2013  
                                                                                        
 Ordinary share price                    328.4p        311.0p         338.1p            
                                                                                        
 Number of ordinary shares in issue      6,300m        6,241m         6,203m            
                                                                                        
 Number of equivalent B shares in issue  5,100m        5,100m         5,100m            
 
 
Statutory results 
 
Financial information contained in this document does not constitute statutory accounts within the meaning of section 434
of the Companies Act 2006 ('the Act'). The statutory accounts for the year ended 31 December 2013 have been filed with the
Registrar of Companies. The report of the auditor on those statutory accounts was unqualified, did not draw attention to
any matters by way of emphasis and did not contain a statement under section 498(2) or (3) of the Act. 
 
Financial calendar 
 
                                                                   
 2014 third quarter interim management statement  31 October 2014  
 
 
This information is provided by RNS
The company news service from the London Stock Exchange