Form 8.3 - TSB Banking Group PLC
FORM 8.3
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the "Code")
1. KEY INFORMATION
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(a) Full name of discloser: |
Lloyds Banking Group plc and its subsidiaries |
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(b) Owner or controller of interests and short positions disclosed, if different from 1(a):
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|
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(c) Name of offeror/offeree in relation to whose relevant securities this form relates:
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TSB Banking Group Plc |
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(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: |
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(e) Date position held/dealing undertaken:
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22 April 2015 |
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(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
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N/A |
2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)
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Class of relevant security:
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1p ordinary |
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Interests |
Short positions |
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Number |
% |
Number |
% |
|
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(1) Relevant securities owned and/or controlled: |
200,000,006 |
40.000 |
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|
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(2) Cash-settled derivatives:
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|
|
|
|
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(3) Stock-settled derivatives (including options) and agreements to purchase/sell: |
|
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100,000,000 |
20.000 |
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TOTAL: |
200,000,006 |
40.000 |
100,000,000 |
20.000 |
(b) Rights to subscribe for new securities (including directors' and other employee options)
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Class of relevant security in relation to which subscription right exists: |
|
|
Details, including nature of the rights concerned and relevant percentages: |
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3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE
(a) Purchases and sales
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Class of relevant security |
Purchase/sale
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Number of securities |
Price per unit |
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1p ordinary
|
Purchase |
1 |
£3.358 |
(b) Cash-settled derivative transactions
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Class of relevant security |
Product description e.g. CFD |
Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position |
Number of reference securities |
Price per unit |
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|
|
|
|
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(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
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Class of relevant security |
Product description e.g. call option |
Writing, purchasing, selling, varying etc. |
Number of securities to which option relates |
Exercise price per unit |
Type e.g. American, European etc. |
Expiry date |
Option money paid/ received per unit |
|
1p ordinary |
Call Option |
Writing |
100,000,000 |
At the Offer price the time the call is exercised |
Exercisable any time in 4 tranches |
None |
None |
(ii) Exercise
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Class of relevant security |
Product description e.g. call option |
Exercising/ exercised against |
Number of securities |
Exercise price per unit |
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|
|
|
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(d) Other dealings (including subscribing for new securities)
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Class of relevant security |
Nature of dealing e.g. subscription, conversion |
Details |
Price per unit (if applicable) |
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4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
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Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
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Further details of the above arrangement can be found on the TSB Banking Group website
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(b) Agreements, arrangements or understandings relating to options or derivatives
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Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
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|
None
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(c) Attachments
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Is a Supplemental Form 8 (Open Positions) attached? |
Yes |
Date of disclosure: |
23 April 2015 |
Contact name: |
Darren Hemsley |
Telephone number: |
0113 235 7676 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
SUPPLEMENTAL FORM 8 (OPEN POSITIONS)
DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.
Note 5(i) on Rule 8 of the Takeover Code (the "Code")
1. KEY INFORMATION
|
Full name of person making disclosure: |
Lloyds Banking Group plc and its subsidiaries
|
|
Name of offeror/offeree in relation to whose relevant securities the disclosure relates: |
TSB Banking Group plc |
2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)
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Class of relevant security |
Product description e.g. call option |
Written or purchased |
Number of securities to which option or derivative relates |
Exercise price per unit |
Type e.g. American, European etc. |
Expiry date |
|
1p ordinary |
Call Option |
Written |
100,000,000 |
At the Offer price the time the call is exercised |
Exercisable any time in 4 tranches |
None |
3. AGREEMENTS TO PURCHASE OR SELL ETC.
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Full details should be given so that the nature of the interest or position can be fully understood: |
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Further details of the above arrangement can be found on the TSB Banking Group website
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It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.
The currency of all prices and other monetary amounts should be stated.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
This information is provided by RNS
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