The court battle between the Royal Bank of Scotland and the Royal Bank of Scotland Shareholder Action Group has been adjourned for a third time, it has been confirmed this morning.
There will now be a two-week break in line with the original timetable, detailed here earlier today. Unless a settlement is reached before 7 June, the court case is scheduled to begin then.
RBS has made an offer of £200m to the dissident group, some members of which are reported to be willing to accept while others are not. RBS has already racked up legal costs of more than £100m.
If there is any deal, the parties must notify the judge by 1 June, said an RBS spokesperson.
PS For the record, the action group detailed its acceptance of the revised 82 pence a share offer in a letter dated 27 May and published the following Bank Holiday Monday, 29 May.