Lloyds Banking Group PLC Redemption of Preference Shares (9653M)
May 13 2015 - 1:00AM
UK Regulatory
TIDMLLOY
RNS Number : 9653M
Lloyds Banking Group PLC
13 May 2015
13 May 2015
REDEMPTION OF PREFERENCE SHARES ISSUED BY LLOYDS BANKING GROUP
PLC
Lloyds Banking Group plc gives notice that on 12 May 2015 it
redeemed all of the outstanding 6.0884% Non-cumulative Fixed to
Floating Rate Preference Shares callable in 2015 (ISIN:
XS0408828803 / GB00B3KSB675) (the "Preference Shares") at their par
value.
Lloyds Banking Group plc will apply to the Financial Conduct
Authority, in its capacity as the United Kingdom Listing Authority,
to cancel the listing of the Preference Shares on the Official List
of the United Kingdom Listing Authority.
- END -
For further information:
Investor Relations
Douglas Radcliffe +44 (0) 20 7356 1571
Interim Investor Relations Director
Email: douglas.radcliffe@finance.lloydsbanking.com
Corporate Affairs
Matt Smith +44 (0) 20 7356 3522
Head of Corporate Media
Email: matt.smith@lloydsbanking.com
FORWARD LOOKING STATEMENTS
This document contains certain forward looking statements with
respect to the business, strategy and plans of Lloyds Banking Group
and its current goals and expectations relating to its future
financial condition and performance. Statements that are not
historical facts, including statements about Lloyds Banking Group's
or its directors' and/or management's beliefs and expectations, are
forward looking statements. By their nature, forward looking
statements involve risk and uncertainty because they relate to
events and depend upon circumstances that will or may occur in the
future. Factors that could cause actual business, strategy, plans
and/or results to differ materially from the plans, objectives,
expectations, estimates and intentions expressed in such forward
looking statements made by the Group or on its behalf include, but
are not limited to: general economic and business conditions in the
UK and internationally; market related trends and developments;
fluctuations in exchange rates, stock markets and currencies; the
ability to access sufficient sources of capital, liquidity and
funding when required; changes to the Group's credit ratings; the
ability to derive cost savings; changing customer behaviour
including consumer spending, saving and borrowing habits; changes
to borrower or counterparty credit quality; instability in the
global financial markets, including Eurozone instability, the
potential for one or more countries to exit the Eurozone and the
impact of any sovereign credit rating downgrade or other sovereign
financial issues; technological changes and risks to cyber
security; pandemic, natural and other disasters, adverse weather
and similar contingencies outside the Group's control; inadequate
or failed internal or external processes or systems; acts of war,
other acts of hostility, terrorist acts and responses to those
acts, geopolitical, pandemic or other such events; changes in laws,
regulations, accounting standards or taxation, including as a
result of further Scottish devolution; changes to regulatory
capital or liquidity requirements and similar contingencies outside
the Group's control; the policies, decisions and actions of
governmental or regulatory authorities in the UK, the European
Union (EU), the US or elsewhere including the implementation of key
legislation and regulation; the ability to attract and retain
senior management and other employees; requirements or limitations
imposed on the Group as a result of HM Treasury's investment in the
Group; actions or omissions by the Group's directors, management or
employees including industrial action; changes to the Group's
post-retirement defined benefit scheme obligations; the ability to
complete satisfactorily the disposal of certain assets as part of
the Group's EU State Aid obligations; the provision of banking
operations services to TSB Banking Group plc; the extent of any
future impairment charges or write-downs caused by, but not limited
to, depressed asset valuations, market disruptions and illiquid
markets; the value and effectiveness of any credit protection
purchased by the Group; the inability to hedge certain risks
economically; the adequacy of loss reserves; the actions of
competitors, including non-bank financial services and lending
companies; and exposure to regulatory or competition scrutiny,
legal proceedings, regulatory or competition investigations or
complaints. Please refer to the latest Annual Report on Form 20-F
filed with the US Securities and Exchange Commission for a
discussion of certain factors together with examples of forward
looking statements. Except as required by any applicable law or
regulation, the forward looking statements contained in this
document are made as of today's date, and Lloyds Banking Group
expressly disclaims any obligation or undertaking to release
publicly any updates or revisions to any forward looking
statements.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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