Sir David Manning has informed the Group of his intention to step down from the
Board with immediate effect. He has been a director since 1 May 2008.
Commenting on his decision to step down, Sir David Manning said:
"This is the right time for me to step down. I fully support the proposals
announced today by the Group which I believe are in the best interests of our
shareholders. I have really enjoyed being on the Board and wish the Group
every success in the future."
Sir Winfried Bischoff, Chairman, said:
"We are grateful to Sir David for his counsel and support and thank him for his
significant contribution at a time of great change for our company. I am
thankful that Sir David has been able to stay with us and contribute to our
Board deliberations prior to today's very significant announcement."
- END -
For further information:
Investor Relations
Michael Oliver
+44 (0) 20 7356 2167
Director of Investor Relations
Email: michael.oliver@ltsb-finance.co.uk
Douglas Radcliffe
+44 (0) 20 7356 1571
Senior Manager, Investor Relations
Email: douglas.radcliffe@ltsb-finance.co.uk
Media Relations
Shane O'Riordain
+44 (0) 20 7356 1849
Group Communications Director
Email: shane.o'riordain@lloydsbanking.com
Mark Elliott
+44 (0) 131 1243 5572
Head of Media Relations
Email: mark.elliott2@lloydsbanking.com
FORWARD LOOKING STATEMENTS
This announcement contains forward looking statements with respect to the
business, strategy and plans of the Lloyds Banking Group, its current goals and
expectations relating to its future financial condition and performance. By
their nature, forward looking statements involve risk and uncertainty because
they relate to events and depend on circumstances that will occur in the
future. The Group's actual future results may differ materially from the
results expressed or implied in these forward looking statements as a result of
a variety of factors, including UK domestic and global economic and business
conditions, the ability to derive cost savings and other benefits as well as to
mitigate exposures from the acquisition and integration of HBOS, risks
concerning borrower quality, market related trends and developments, changing
demographic trends, changes in customer preferences, changes to regulation, the
policies and actions of governmental and regulatory authorities in the UK or
jurisdictions outside the UK, including other European countries and the US,
exposure to regulatory scrutiny, legal proceedings or complaints, competition
and other factors. Please refer to the latest Annual Report on Form 20-F filed
with the US Securities and Exchange Commission for a discussion of such
factors. The forward looking statements contained in this announcement are
made as at the date of this announcement, and the Group undertakes no
obligation to update any of its forward looking statements.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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