Lloyds Banking (LSE:LLOY)
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TIDMLLOY TIDMTSB

RNS Number : 2035I

Lloyds Banking Group PLC

23 March 2015

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 
 
 (a) Full name of discloser:                                             Lloyds Banking Group plc and its subsidiaries 
----------------------------------------------------------------------  ---------------------------------------------- 
 (b) Owner or controller of interests and short positions disclosed, 
 if different from 1(a): 
----------------------------------------------------------------------  ---------------------------------------------- 
 (c) Name of offeror/offeree in relation to whose relevant securities    TSB Banking Group Plc 
 this form relates: 
----------------------------------------------------------------------  ---------------------------------------------- 
 (d) If an exempt fund manager connected with an offeror/offeree, 
 state this and specify identity 
 of offeror/offeree: 
----------------------------------------------------------------------  ---------------------------------------------- 
 (e) Date position held/dealing undertaken:                              20 March 2015 
----------------------------------------------------------------------  ---------------------------------------------- 
 (f) In addition to the company in 1(c) above, is the discloser making   N/A 
 disclosures in respect 
 of any other party to the offer? 
----------------------------------------------------------------------  ---------------------------------------------- 
 
   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)

 
 Class of relevant security:                                                           1p ordinary 
----------------------------------------------------------------  ---------------------------------------------------- 
                                                                          Interests               Short positions 
----------------------------------------------------------------  -------------------------  ------------------------- 
                                                                      Number          %          Number          % 
----------------------------------------------------------------  --------------  ---------  --------------  --------- 
 
 (1) Relevant securities owned and/or controlled:                    200,000,003     40.000 
----------------------------------------------------------------  --------------  ---------  --------------  --------- 
 (2) Cash-settled derivatives: 
----------------------------------------------------------------  --------------  ---------  --------------  --------- 
 (3) Stock-settled derivatives (including options) and 
  agreements to purchase/sell:                                                                  100,000,000     20.000 
----------------------------------------------------------------  --------------  ---------  --------------  --------- 
 
   TOTAL:                                                            200,000,003     40.000     100,000,000     20.000 
----------------------------------------------------------------  --------------  ---------  --------------  --------- 
 
   (b)        Rights to subscribe for new securities (including directors' and other employee options) 
 
 Class of relevant security in relation to which subscription right exists: 
---------------------------------------------------------------------------- 
 Details, including nature of the rights concerned and relevant percentages: 
---------------------------------------------------------------------------- 
 
   3.         DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE 
   (a)        Purchases and sales 
 
 Class of relevant security   Purchase/sale   Number of securities   Price per unit 
---------------------------  --------------  ---------------------  --------------- 
 1p ordinary                  Sale                 49,999,999           GBP3.40 
---------------------------  --------------  ---------------------  --------------- 
 
   (b)        Cash-settled derivative transactions 
 
    Class of relevant       Product description      Nature of dealing         Number of reference      Price per unit 
         security                 e.g. CFD         e.g. opening/closing a           securities 
                                                    long/short position, 
                                                   increasing/reducing a 
                                                    long/short position 
-------------------------  --------------------  -------------------------  -------------------------  --------------- 
 
 
   (c)        Stock-settled derivative transactions (including options) 
   (i)         Writing, selling, purchasing or varying 
 
   Class of        Product        Writing,      Number of       Exercise         Type       Expiry date   Option money 
   relevant      description    purchasing,     securities     price per         e.g.                        paid/ 
   security       e.g. call       selling,       to which         unit        American,                   received per 
                    option      varying etc.      option                       European                       unit 
                                                 relates                         etc. 
--------------  -------------  -------------  -------------  -------------  -------------  ------------  ------------- 
 1p ordinary     Call Option    Writing        100,000,000    At the Offer   Exercisable    None          None 
                                                              price the      any time in 
                                                              time the       4 tranches 
                                                              call is 
                                                              exercised 
--------------  -------------  -------------  -------------  -------------  -------------  ------------  ------------- 
 
   (ii)        Exercise 
 
   Class of relevant      Product description   Exercising/ exercised    Number of securities     Exercise price per 
        security            e.g. call option           against                                           unit 
-----------------------  --------------------  -----------------------  ---------------------  ----------------------- 
 
 
   (d)        Other dealings (including subscribing for new securities) 
 
 Class of relevant security         Nature of dealing          Details   Price per unit (if applicable) 
                               e.g. subscription, conversion 
---------------------------  -------------------------------  --------  ------------------------------- 
 
 
   4.         OTHER INFORMATION 
   (a)        Indemnity and other dealing arrangements 
 
 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: 
--------------------------------------------------------------------------------------------- 
 
   Further details of the above arrangement can be found on the TSB Banking Group website 
--------------------------------------------------------------------------------------------- 
 
   (b)        Agreements, arrangements or understandings relating to options or derivatives 
 
 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: 
----------------------------------------------------------------------------------------------- 
 
   None 
----------------------------------------------------------------------------------------------- 
 
   (c)        Attachments 
 
 Is a Supplemental Form 8 (Open Positions) attached?   Yes 
----------------------------------------------------  ---- 
 
 
 Date of disclosure:    23 March 2015 
---------------------  --------------- 
 Contact name:          Andrew Kellett 
---------------------  --------------- 
 Telephone number:      0113 235 7729 
---------------------  --------------- 
 

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    TSB Banking Group plc 
 disclosure relates: 
----------------------------------------------------------------------  ---------------------------------------------- 
 
   2.         STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS) 
 
    Class of           Product         Written or        Number of      Exercise price        Type         Expiry date 
    relevant         description        purchased      securities to       per unit      e.g. American, 
    security          e.g. call                         which option                      European etc. 
                       option                          or derivative 
                                                          relates 
----------------  ----------------  ----------------  ---------------  ---------------  ----------------  ------------ 
 1p ordinary       Call Option       Written           100,000,000      At the Offer     Exercisable any   None 
                                                                        price the time   time in 4 
                                                                        the call is      tranches 
                                                                        exercised 
----------------  ----------------  ----------------  ---------------  ---------------  ----------------  ------------ 
 
   3.         AGREEMENTS TO PURCHASE OR SELL ETC. 
 
 Full details should be given so that the 
  nature of the interest or position can be 
  fully understood: 
------------------------------------------------ 
 
   Further details of the above arrangement 
   can be found on the TSB Banking Group website 
------------------------------------------------ 
 

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

The company news service from the London Stock Exchange

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