Revision to Placing & Open Of

RNS Number : 4404T

Lloyds Banking Group PLC

05 June 2009

 

58/09                                                                                                                                                       5 June 2009

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

REVISION TO THE TIMETABLE FOR THE ANNOUNCEMENT OF THE RESULTS OF THE LLOYDS BANKING GROUP COMPENSATORY OPEN OFFER AND THE COMMENCEMENT OF THE RUMP PLACING

Unless otherwise defined in this announcement, capitalised definitions shall have the same meaning as in the prospectus ("the Prospectus") published on 20 May 2009 by Lloyds Banking Group plc (the "Company" or "Lloyds Banking Group") in connection with the Placing and Compensatory Open Offer.

As set out in the Prospectus, the latest time for receipt of valid acceptances under the terms of the Lloyds Banking Group Compensatory Open Offer is at 12:00 pm today.  Under the timetable set out in the Prospectus, the date for announcement of the results of the Compensatory Open Offer and for the admission of the Ordinary Shares to be allotted pursuant to the Compensatory Open Offer to the Official List of the UK Listing Authority and to trading on the London Stock Exchange ("Admission") was expected to be Tuesday 9 June 2009.

However, Lloyds Banking Group is pleased to announce that acceptances received pursuant to the Compensatory Open Offer are now expected to be processed and counted by the Company's registrars ahead of schedule.  As a result, subject, amongst other things, to the approval by shareholders of certain resolutions at the General Meeting to be held at 12:00 pm today, the Company expects to announce the results of the Compensatory Open Offer at approximately 7:00 am on Monday 8 June 2009 and that Admission will take place at 8:00 am on Monday 8 June 2009. 

Accordingly, Citigroup Global Markets U.K. Equity Limited, J.P. Morgan Cazenove Limited and UBS Limited, as joint bookrunners, will, following announcement of the results of the Compensatory Open Offer on Monday 8 June 2009, use reasonable endeavours to procure placees for the balance of Open Offer Shares not validly taken up in the Compensatory Open Offer.

  For further information:

Investor Relations

Michael Oliver                                                                                              [phone]

Director of Investor Relations

Email: [e-mail]

Douglas Radcliffe                                                                                        [phone]

Senior Manager, Investor Relations

Email: [e-mail]

Media Relations

Shane O'Riordain                                                                                        [phone]

Group Communications Director

Email: shane.o'[e-mail]

This announcement does not constitute a prospectus or prospectus equivalent document.  This announcement does not constitute or form part of any offer or invitation to purchase, otherwise acquire, subscribe for, sell, otherwise dispose of or issue, or any solicitation of any offer to sell, otherwise dispose of, issue, purchase, otherwise acquire or subscribe for, any security.

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 Prospectus is available on the website of Lloyds Banking Group (www.lloydsbankinggroup.com) and in hard copy from Lloyds Banking Group's registered office.  Copies of the Prospectus are also available for viewing at the Document Viewing Facility of the FSA (25 The North Colonnade, London E14 5HS) and is available for inspection at Lloyds Banking Group's registered office (Henry Duncan House, 120 George Street, Edinburgh EH2 4LH) as well as at the offices of Linklaters LLP (One Silk Street, London EC2Y 8HQ) during normal business hours on any weekday (Saturdays, Sundays and public holidays excepted) until Admission.

This announcement is not for distribution, directly or indirectly, in or into the United States, Canada, Hong Kong, Japan, Malaysia, Thailand or any other state or jurisdiction in which it would be unlawful to do so. 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 securities mentioned herein (the "Securities") have not been, and will not be, registered under the United States Securities Act of 1933 (the "Securities Act"). The Securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. There will be no public offer of the Securities in the United States. 

The Lloyds Banking Group Directors accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the Lloyds Banking Group Directors (who have taken all reasonable care to ensure that such is the case) the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.

Citi and J.P. Morgan Cazenove Limited are each authorised and regulated by the Financial Services Authority in the United Kingdom and are acting for Lloyds Banking Group in connection with the Placing and Compensatory Open Offer and no-one else and will not be responsible to anyone other than Lloyds Banking Group for providing the protections afforded to their respective clients nor for providing advice in relation to the Placing and Compensatory Open Offer and/or any other matter referred to in this announcement. 

UBS Limited ("UBS") is acting for Lloyds Banking Group in connection with the Placing and Compensatory Open Offer and no-one else and will not be responsible to anyone other than Lloyds Banking Group for providing the protections afforded to its clients nor for providing advice in relation to the Placing and Compensatory Open Offer and/or any other matter referred to in this announcement. 

 

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