AT1 Repurchase Offer Results

RNS Number : 8288G
Lloyds Banking Group PLC
31 March 2022
 

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LLOYDS BANKING GROUP PLC ANNOUNCES THE RESULTS OF ITS PURCHASE PROGRAMME FOR ONE SERIES OF ITS STERLING DENOMINATED ADDITIONAL TIER 1 SECURITIES

Following its announcement on 23 March 2022, Lloyds Banking Group plc ("LBG") today announces that it has accepted for purchase £421,363,000 in principal amount of the following securities (the "Securities") pursuant to a purchase programme (the "Purchase Programme") managed by Lloyds Bank Corporate Markets plc and UBS AG London Branch (together, the "Managers"):

Description of the Securities

ISIN

Amount accepted for purchase

Amount outstanding following settlement of all purchases

£1,494,392,000 7.625 per cent. Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Contingent Convertible Securities Callable 2023

XS1043552188

£421,363,000

£1,073,029,000

 

The Purchase Period for the Purchase Programme is now closed. LBG reserves the right to continue to purchase Securities, off-market or in the market, from time to time. Securities purchased pursuant to the Purchase Programme will be cancelled by LBG.

For enquiries please contact:

Lloyds Bank Corporate Markets plc

10 Gresham Street
London EC2V 7AE
United Kingdom

Tel: +44 20 7158 1726 / 1719

Attention: Liability Management Group

email:  wbm-liabilitymanagement@lloydsbanking.com

UBS AG London Branch

5 Broadgate
London EC2M 2QS
United Kingdom

Telephone: +44 20 7568 1121

Attention: Liability Management Group

Email: ol-liabilitymanagement-eu@ubs.com

 

 

For further information please contact:

Group Corporate Treasury:

Liz Padley
Head of Capital, Holding Company, and Recovery and Resolution
Telephone: +44 (0)20 7158 1737
Email: Claire-Elizabeth.Padley@LloydsBanking.com

Pascale Dorey
Debt Investor Relations
Telephone: +44 (0)20 7158 1060
Email: Pascale.Dorey@LloydsBanking.com

Investor Relations:

Douglas Radcliffe
Group Investor Relations Director
Telephone: +44 (0)20 7356 1571
Email: Douglas.Radcliffe@LloydsBanking.com 

Corporate Affairs:

Matthew Smith
Head of Media Relations
Tel: +44 (0)20 7356 3522
Email: matt.smith@lloydsbanking.com

This announcement contains inside information in relation to the Securities and is disclosed in accordance with the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR"). For the purposes of UK MAR and Article 2 of the binding technical standards published by the Financial Conduct Authority in relation to UK MAR as regards Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Douglas Radcliffe, Group Investor Relations Director.

DISCLAIMER

This announcement must be read in conjunction with the announcement relating to the Purchase Programme published by LBG on 23 March 2022. Terms defined in such announcement have the same meanings when used in this announcement.

 

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