LLOYDS BANKING GROUP PLC ANNOUNCES THE SUCCESSFUL COMPLETION OF THE RIGHTS ISSUE AND PLACEMENT OF 4.686 PER CENT RUMP

RNS Number : 0691E
Lloyds Banking Group PLC
14 December 2009
 



122/09    

14 December 2009

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, HONG KONG, ISRAEL, JAPAN,
THAILAND OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION. 

LLOYDS BANKING GROUP PLC ANNOUNCES THE SUCCESSFUL COMPLETION OF THE RIGHTS
ISSUE AND PLACEMENT OF 4.686 PER CENT RUMP 

Unless otherwise defined in this announcement, capitalised definitions shall
have the same meaning as in the rights issue prospectus (the "Prospectus")
published on 3 November 2009 by Lloyds Banking Group plc (the "Company" or
"Lloyds Banking Group") in connection with the Rights Issue. 




Lloyds Banking Group announces that BofA Merrill Lynch, UBS Limited and
Citigroup Global Markets U.K. Equity Limited, acting as joint global
co-ordinators, have today procured subscribers for all of the 1,710,765,987 New
Shares for which valid acceptances were not received under the Rights Issue
(the "Rump"), at a price of 55.5 pence per New Share, a premium of 18.5 pence
to the Issue Price of 37 pence per New Share. 




As disclosed in Part VIII of the Prospectus, the net proceeds from the sale of
the Rump of approximately 18.389 pence per New Share, (after deduction of the
Issue Price of 37 pence per New Share and relevant costs, including any
brokerage and commissions and value added tax) will be paid (without interest
and rounded down to the nearest penny) to Qualifying Shareholders who have not
taken up their entitlements pro rata to their lapsed provisional allotments,
save that amounts of less than £3 will not be paid to such persons but will be
aggregated and donated to charity (the British Heart Foundation). 







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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: shaneo'riordain@lloydsbanking.com




Ross Keany    +44 (0) 131 243 7195

Senior Media Relations Manager

Email: ross_keany@bankofscotland.co.uk







This announcement is an advertisement and not a prospectus and investors should
not subscribe for or purchase any transferable securities referred to in this
announcement except on the basis of the information in the Prospectus and the
pricing statement issued by the Company on 24 November 2009 (the "Pricing
Statement") in connection with the admission of its ordinary shares to the
Official List of the Financial Services Authority and to trading on London
Stock Exchange plc's main market for listed securities. 

This announcement does not constitute or form a part of any offer or
solicitation to purchase or subscribe for securities in the United States. The
Nil Paid Rights, Fully Paid Rights and New Shares have not been and will not be
registered under the Securities Act or under any securities laws of any state
or other jurisdiction of the United States and may not be offered, sold,
resold, transferred or delivered, directly or indirectly, within the United
States except pursuant to an applicable exemption from the registration
requirements of the Securities Act and in compliance with any applicable
securities laws of any state or other jurisdiction of the United States. There
will be no public offer of the Nil Paid Rights, Fully Paid Rights and New
Shares in the United States. Neither the SEC nor any other US federal or state
securities commission or regulatory authority has approved or disapproved the
Nil Paid Rights, Fully Paid Rights and New Shares or passed an opinion on the
adequacy of this announcement, the Prospectus, the Pricing Statement or the
Provisional Allotment Letters. Any representation to the contrary is a criminal
offence in the United States. Shareholders who are or become affiliates (within
the meaning of the Securities Act) of Lloyds Banking Group will be subject to
restrictions on the resale of the New Shares in the United States. 

The securities mentioned herein and in the Prospectus may not be offered, sold,
resold, transferred or delivered, directly or indirectly, in any Restricted
Jurisdiction absent registration or an applicable exemption from the
registration requirements of the relevant laws of any Restricted Jurisdiction.
There will be no public offer of such securities in any Restricted
Jurisdiction. This announcement does not constitute an offer to sell, or a
solicitation of an offer to subscribe for, the securities being issued in any
jurisdiction in which such offer or solicitation is unlawful. 

The contents of Lloyds Banking Group's website do not form part of the
Prospectus, the Pricing Statement or this announcement. 

 
 

The contents of this announcement are not to be construed as legal, financial,
business or tax advice. Each prospective investor should consult its own legal
adviser, financial adviser or tax adviser for legal, financial or tax advice. 

Merrill Lynch, which is authorised and regulated in the United Kingdom by the
Financial Services Authority, and UBS are acting severally and exclusively for
Lloyds Banking Group and for no one else as joint sponsors, joint financial
advisers and joint global co-ordinators in relation to the Rights Issue and the
listing of the New Shares on the Official List and their admission to trading
on the London Stock Exchange's main market for listed securities, and will not
be responsible to any other person for providing the protections afforded to
clients of Merrill Lynch or UBS, respectively, nor for providing advice in
connection with the Rights Issue, proposed listing or admission to trading or
contents of this document or any other matters referred to in this document,
other than to the extent required by law or appropriate regulation in the UK. 

Citi, which is authorised and regulated in the United Kingdom by the Financial
Services Authority, is acting exclusively for Lloyds Banking Group and for no
one else as joint bookrunner and joint global co-ordinator in relation to the
Rights Issue and the listing of the New Shares on the Official List and their
admission to trading on the London Stock Exchange's main market for listed
securities, and will not be responsible to any other person for providing the
protections afforded to clients of Citi nor for providing advice in connection
with the Rights Issue, proposed listing or admission to trading or contents of
this document or any other matters referred to in this document, other than to
the extent required by law or appropriate regulation in the UK. 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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