RNS Number : 4202D
Lloyds Banking Group PLC
01 December 2009
117/09 1 December 2009
REPURCHASE AND CANCELLATION OF PREFERENCE SHARES
On 3 November 2009, Lloyds Banking Group plc ("Lloyds Banking Group") announced
its Non-US Exchange Offer, pursuant to which it invited Holders of, inter alia,
certain classes of Existing Preference Shares to Offer to Exchange their
Existing Securities for Enhanced Capital Notes or the relevant Exchange
Consideration Amount (the "Exchange Offer"). On 26 November 2009, Lloyds
Banking Group's shareholders approved its Non-US Exchange Offer and certain
repurchases of other Existing Preference Shares.
Pursuant to the Non-US Exchange Offer and such shareholder authorities, Lloyds
Banking Group hereby announces that it has repurchased the following classes of
Existing Preference Shares, which will be cancelled:
SEE ATTACHED FILE
* The numbers of preference shares and liquidation preferences included in this
column include the number of preference shares and liquidation preference of
those classes of Existing Preference Shares which have been accepted for
exchange pursuant to the Exchange Offer in exchange for the relevant Exchange
Consideration Amount. Such Existing Preference Shares will remain outstanding
until the Late Settlement Date.
Capitalised terms used herein but not otherwise defined shall have the meanings
given to them in the Exchange Offer Memorandum dated 3 November 2009.
- END -
For further information:
Investor Relations
Michael Oliver +44 (0) 20 7356 2167
Director of Investor Relations
Email: michael.oliver@ltsb-finance.co.uk
Moira d'Arcy +44 (0) 20 7356 2164
Head of Debt Investor Relations
Email: moira.d'arcy@ltsb-finance.co.uk
Media Relations
Harry Hussain +44 (0) 131 2437194
Media Relations Manager
Email: Harry.Hussain@lloydsbanking.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
REPURCHASE AND CANCELLATION OF PREFERENCE SHARES
| Source: Bank of Scotland
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