16th Dec 2009 07:00
16 December 2009
Repurchase and Cancellation of Preference Shares
As described in its previous announcement on 11 December 2009, Lloyds Banking Group plc ("Lloyds Banking Group") has now settled the exchanges described below. On 15 December 2009, Lloyds Banking Group repurchased for cancellation (i) 301,900 preference shares (representing U.S.$301,900,000 in liquidation preference) of its U.S.$750,000,000 6.413 per cent. Non-Cumulative Fixed to Floating Rate Preference Shares (ISIN: GB00B3KSBH82) leaving 448,100 preference shares (representing U.S.$448,100,000 in liquidation preference) outstanding; (ii) 178,922 preference shares (representing U.S.$178,922,000 in liquidation preference) of its U.S.$750,000,000 5.92 per cent. Non-Cumulative Fixed to Floating Rate Preference Shares (ISIN: GB00B3KSBJ07) leaving 571,078 preference shares (representing U.S.$571,078,000 in liquidation preference) outstanding; (iii) 221,292 preference shares (representing U.S.$221,292,000 in liquidation preference) of its U.S.$750,000,000 6.657 per cent. Non-Cumulative Fixed to Floating Rate Preference Shares (ISIN: GB00B3KSBK12) leaving 528,708 preference shares (representing U.S.$528,708,000 in liquidation preference) outstanding; and (iv) 356,648 preference shares (representing U.S.$356,648,000 in liquidation preference) of its U.S.$1,000,000,000 6.267 per cent. Non-Cumulative Fixed to Floating Rate Preference Shares (ISIN: XS0460002693) leaving 643,352 preference shares (representing U.S.$643,352,000 in liquidation preference) outstanding.
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For further information:
Investor Relations
Michael Oliver +44 (0) 20 7356 2167
Director of Investor Relations
Email: [email protected]
Moira d'Arcy +44 (0) 20 7356 2164
Head of Debt Investor Relations
Email: moira.d'arcy@ltsb-finance.co.uk
Media Relations
Sara Evans +44 (0) 20 7356 2075 Media Relations Manager Email: [email protected]
This announcement and the information contained herein do not contain or constitute an offer for sale or the solicitation of an offer to purchase securities in the United States. The ECNs referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration under the Securities Act or an available exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will be no public offer of ECNs in the United States.
Related Shares:
Lloyds