Repurchase and Cancellation o

RNS Number : 3471E

Lloyds Banking Group PLC

18 December 2009

 



    18 December 2009

Repurchase and Cancellation of Preference Shares

As described in its previous announcement on 14 December 2009, Lloyds Banking Group plc ("Lloyds Banking Group") has now settled the exchanges described in that announcement. Pursuant to these exchanges, on 17 December 2009, Lloyds Banking Group repurchased for cancellation (i) 15,400 preference shares (representing U.S.$15,400,000 in liquidation preference) of its U.S.$750,000,000 6.413 per cent. Non-Cumulative Fixed to Floating Rate Preference Shares (ISIN: GB00B3KSBH82) leaving 374,810 preference shares (representing U.S.$ 374,810,000 in liquidation preference) outstanding; (ii) 183,610 preference shares (representing U.S.$183,610,000 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 371,933 preference shares (representing U.S.$371,933,000 in liquidation preference) outstanding; (iii) 62,808 preference shares (representing U.S.$62,808,000 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 434,350 preference shares (representing U.S.$434,350,000 in liquidation preference) outstanding; and (iv) 14,840 preference shares (representing U.S.$14,840,000 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 533,618 preference shares (representing U.S.$533,618,000 in liquidation preference) outstanding.

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For further information:

Investor Relations

Michael Oliver                                                                                                                [phone]

Director of Investor Relations

Email: [e-mail]

Moira d'Arcy                                                                                                                   [phone]

Head of Debt Investor Relations

Email: moira.d'[e-mail]

Media Relations

Sara Evans                                                                                                                   [phone]
Media Relations Manager
Email: [e-mail]

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 Preference Shares 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 Preference Shares in the United States.

 

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