TIDMLLOY
RNS Number : 0283F
Lloyds Banking Group PLC
17 April 2014
17 April 2014
RESULTS OF RETAIL TENDER OFFER FOR ENHANCED CAPITAL NOTES
Lloyds Banking Group plc (the Group) has today announced the
results of its retail tender offer for Enhanced Capital Notes
(ECNs), under which eligible retail holders of certain series of
its Sterling ECNs were able to sell their holdings for cash (as
announced on 20 March 2014).
ECNs totalling a nominal amount of approximately GBP58.5 million
have been accepted for purchase into the tender offer. Settlement
is expected to occur on or around 24 April 2014. Details of the
issues accepted into the offer are given in a separate RNS issued
today.
The Group has also accepted the equivalent of GBP5 billion of
ECNs as part of separate exchange offers. These offers were
announced on 6 March 2014 and are now closed. The equivalent of
approximately GBP5.35 billion of new AT1 securities were issued
under these offers.
For further information:
Investor Relations - Institutional Investors
Charles King +44 (0) 20 7356 3537
Investor Relations Director
Email: charles.king@finance.lloydsbanking.com
Corporate Affairs
Matthew Young +44 (0) 20 7356 2231
Group Corporate Affairs Director
Email: matt.young@lloydsbanking.com
Intermediaries and Wealth Managers
Scott Harris Ltd
Stephen Scott +44 (0) 207 653 0030
Jeremy Wiseman
Email: enquiries@scott-harris.co.uk
Private Investors
Lucid Issuer Services Limited
Sunjeeve Patel / David Shilson / Victor Parzyjagla 0800 376 0832 /
+44 (0) 20 7704 0880
Email: lbg@lucid-is.com
DISCLAIMER
This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities. Nothing in this
communication constitutes an invitation to participate in the
offers which were only made through the relevant offering documents
or exchange offer memorandum or tender offer memorandum once
published. The terms and conditions of the offers wereas set out in
the relevant exchange offer memorandum or tender offer
memorandum.
This announcement is neither an advertisement nor a prospectus.
In any case, you should not rely on this announcement for any
purpose in respect of the offers (including making a decision
whether or not to participate in the offers). You should make your
decision solely on the basis of a careful review of the information
contained in the relevant offer documents.
The distribution of this announcement in certain jurisdictions
may be restricted by law. Persons into whose possession this
announcement comes are required to inform themselves about and to
observe any such restrictions.
The retail tender offer was not made, directly or indirectly,
and the Sterling and Euro exchange offers were not made, directly
or indirectly, in or into the United States or to US persons as
defined in Regulation S of the US Securities Act of 1933, as
amended.
FORWARD LOOKING STATEMENTS
This announcement contains forward looking statements with
respect to the business, strategy and plans of the Lloyds Banking
Group, its current goals and expectations relating to its future
financial condition and performance. Statements that are not
historical facts, including statements about the Group or the
Group's 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 on
circumstances that will or may occur in the future. The Group's
actual future business, strategy, plans and/or results may differ
materially from those expressed or implied in these forward looking
statements as a result of a variety of risks, uncertainties and
other factors, including, but not limited to, UK domestic and
global economic and business conditions; the ability to derive cost
savings and other benefits, including as a result of the Group's
Simplification programme; the ability to access sufficient funding
to meet the Group's liquidity needs; changes to the Group's credit
ratings; risks concerning borrower or counterparty credit quality;
instability in the global financial markets, including Eurozone
instability and the impact of any sovereign credit rating downgrade
or other sovereign financial issues; market-related risks
including, but not limited to, changes in interest rates and
exchange rates; changing demographic and market-related trends;
changes in customer preferences; changes to laws, regulation,
accounting standards or taxation, including changes to regulatory
capital or liquidity requirements; the policies and actions of
governmental or regulatory authorities in the UK, the European
Union, or jurisdictions outside the UK in which the Group operates,
including other European countries and the US; the implementation
of the draft EU crisis management framework directive and banking
reform following the recommendations made by the Independent
Commission on Banking; 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;
the ability to complete satisfactorily the disposal of certain
assets as part of the Group's EC state aid obligations; the extent
of any future impairment charges or write-downs caused by depressed
asset valuations, market disruptions and illiquid markets; the
effects of competition and the actions of competitors, including
non-bank financial services and lending companies; exposure to
regulatory scrutiny, legal proceedings, regulatory investigations
or complaints, and other factors. Please refer to the latest Annual
Report on Form 20-F filed with the SEC for a discussion of certain
factors together with examples of forward looking statements.
This information is provided by RNS
The company news service from the London Stock Exchange
END
TENUNOWRSAASAAR
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