FORM 6-K/A
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
_______________
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16 of
the
Securities Exchange Act of 1934
For
February 9, 2016
Commission
File Number: 001-15246
LLOYDS
BANKING GROUP PLC
5th
Floor
25 Gresham Street
London
EC2V 7HN
United Kingdom
________________________________________________
(Address
of principal executive offices)
Indicate by check mark
whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form
20-F X Form 40-F _____
Indicate by check mark
if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark
if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Indicate
by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes
______ No X
If
"Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule
12g3-2(b):
82- ________
EXPLANATORY
NOTE
The following announcement amends
and replaces the ‘Further Update on Enhanced Capital Notes’ announcement released on February 9, 2016.
UPDATE ON ENHANCED CAPITAL NOTES
Further to
the announcement earlier today released by Lloyds Banking Group plc in respect of certain Enhanced Capital Notes (ECNs) issued
by LBG Capital No. 1 plc and LBG Capital No. 2 plc (the Issuers), the Issuers have extended the Sterling and Euro cash tender
offers to 4.00pm (London time) on 11 February 2016. The U.S. Dollar cash tender offer remains unchanged. This will enable eligible
holders to consider the Supreme Court decision to grant the ECN Trustee leave to appeal the unanimous judgement of the Court of
Appeal of 10 December 2015 that a ‘Capital Disqualification Event’ (CDE) had occurred.
The Group
continues to seek to balance the interests of all stakeholders in this matter and has previously confirmed that, if the Supreme
Court were to determine that a CDE had not occurred in relation to the ECNs, it would compensate fairly the holders of the ECNs
whose securities are redeemed by LBG Capital No. 1 plc and LBG Capital No. 2 plc by reason of a CDE (as defined in the terms and
conditions of the ECNs) for losses suffered as a result of such early redemption.
– END
–
For further
information:
Investor Relations
Douglas Radcliffe |
+44 (0) 20 7356 1571 |
Group Investor Relations Director |
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Email: douglas.radcliffe@finance.lloydsbanking.com
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Corporate Affairs |
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Matt Smith |
+44 (0) 20 7356 3522 |
Head of Corporate Media |
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Email: matt.smith@lloydsbanking.com
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DISCLAIMER
This announcement
contains important information which should be read carefully before any decision is made with respect to the Tender Offers. If
you are in any doubt as to the contents of this announcement or the action you should take, you are recommended to seek your own
financial and legal advice, including as to any tax consequences, immediately from your stockbroker, bank manager, solicitor,
accountant or other independent financial or legal adviser. Any individual or company whose ECNs are held on its behalf by a broker,
dealer, bank, custodian, trust company or other nominee or intermediary must contact such entity if it wishes to participate in
the Tender Offers. None of the Issuers, the Group, the dealer managers or the tender agent makes any recommendation as to whether
holders should tender ECNs for pursuant to the Tender Offers.
The Tender
Offers do not constitute an offer to buy or the solicitation of an offer to sell ECNs in any circumstances in which such offer
or solicitation is unlawful. In those jurisdictions where the securities or other laws require the Tender Offers to be made by
a licensed broker or dealer and the Dealer Manager or, where the context so requires, any of its affiliates is such a licensed
broker or dealer in that jurisdiction, the Tender Offers shall be deemed to be made on behalf of the Issuer by such Dealer Manager
or affiliate (as the case may be) in such jurisdiction.
The distribution
of this announcement in certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes
are required by each of the Issuers, the Group, the dealer managers and the tender agent to inform themselves about, and to observe,
any such restrictions.
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 or European Union (EU) (including the UK as a result of a referendum
on its EU membership) 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 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 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, regulatory or competition proceedings, 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.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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LLOYDS
BANKING GROUP PLC
(Registrant)
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Date: |
February 9, 2016 |
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By: |
/s/ Vishal Savadia |
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Name: |
Vishal Savadia |
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Title: |
Capital Issuance & Structuring |
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