RIT Capital Partners plc announced that it intends to pay dividend of 14 pence per share in October 2013.

John Tiner, Chief Executive of Financial Services Authority is the front runner in a bid to acquire 316 branches from The Royal Bank of Scotland Group plc (RBS). Tiner is leading a consortium of investors, including Standard Life plc, RIT Capital Partners plc, Centerbridge Partners, L.P. and Corsair Capital LLC to bid for RBS's branches. According to people close to the matter, the consortium is planning to invest more than £500 million in the deal ahead of a float. One person familiar with the plan said, "The intention is to work with RBS to achieve a successful initial public offering." According to people familiar with the matter, Tiner’s initiative will be head-to-head with another consortium of investors, including F&C Asset Management plc, Invesco Perpetual and Schroders plc, led by Andrew Higginson. The plan would also involve a pre-IPO investment. RBS has a formal deadline from the European Union to complete the sale of its branches by the end of 2013.

RIT Capital Partners plc reported consolidated earnings results for the year ended December 31, 2012. For the period, the company has posted total revenue of £3.6 million. LBT was 45.3 million. PAT was £45.6 million or 29.6 pence basic and diluted per share. Net cash inflow from operating activities was £131.8 million. Purchase of property, plant and equipment was £0.1 million. The board declared the payment of a first interim dividend of 14 pence per share in April 2013 and 14 pence per share in October 2013. The first interim dividend will be paid on April 26, 2013 to shareholders on the register at April 5, 2013.