16th Dec 2009 17:46
16 December 2009
Repurchase and Cancellation of Preference Shares
Further to its announcement on 16 December 2009 and 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 16 December 2009, Lloyds Banking Group repurchased for cancellation (i) 57,890 preference shares (representing U.S.$57,890,000 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 390,210 preference shares (representing U.S.$390,210,000 in liquidation preference) outstanding; (ii) 15,535 preference shares (representing U.S.$15,535,000 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 555,543 preference shares (representing U.S.$555,543,000 in liquidation preference) outstanding; (iii) 31,550 preference shares (representing U.S.$31,550,000 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 497,158 preference shares (representing U.S.$497,158,000 in liquidation preference) outstanding; and (iv) 94,894 preference shares (representing U.S.$94,894,000 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 548,458 preference shares (representing U.S.$548,458,000 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