18th Dec 2009 07:00
18 December 2009
Repurchase and Cancellation of Preference Shares
As described in its previous announcement on 14 December 2009, Lloyds Banking Group plc ("Lloyds Banking Group") has now settled the exchanges described in that announcement. Pursuant to these exchanges, on 17 December 2009, Lloyds Banking Group repurchased for cancellation (i) 15,400 preference shares (representing U.S.$15,400,000 in liquidation preference) of its U.S.$750,000,000 6.413 per cent. Non-Cumulative Fixed to Floating Rate Preference Shares (ISIN: GB00B3KSBH82) leaving 374,810 preference shares (representing U.S.$ 374,810,000 in liquidation preference) outstanding; (ii) 183,610 preference shares (representing U.S.$183,610,000 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 371,933 preference shares (representing U.S.$371,933,000 in liquidation preference) outstanding; (iii) 62,808 preference shares (representing U.S.$62,808,000 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 434,350 preference shares (representing U.S.$434,350,000 in liquidation preference) outstanding; and (iv) 14,840 preference shares (representing U.S.$14,840,000 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 533,618 preference shares (representing U.S.$533,618,000 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 Preference Shares 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 Preference Shares in the United States.
Related Shares:
Lloyds