HBOS Hbos

 

TIDMHBOS 
 
RNS Number : 7752L 
HBOS PLC 
16 January 2009 
 

HBOS plc 
16 January 2009 
 
 
 
 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO OR 
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE 
RELEVANT LAWS OF SUCH JURISDICTION. 
 
 
Preference Scheme becoming Effective 
 
 
The Board of HBOS is pleased to announce that the Court has approved the 
reductions of capital provided for by the Preference Scheme and the Preference 
Reduction Court Order has been filed with the Registrar of Companies. 
Accordingly, the Preference Scheme has now become effective in accordance with 
its terms. 
New Lloyds TSB Preference Shares are expected to be issued pursuant to the 
Preference Scheme at or after 5.00 p.m. today.  It is expected that the New 
Lloyds TSB Preference Shares will be admitted to the Official List and to 
trading on the London Stock Exchange at 8.00 a.m. on 19 January 2009. 
Applications have been made to the UK Listing Authority and to the London Stock 
Exchange respectively requesting the cancellation of the listing of HBOS 
Preference Shares and American depositary receipts evidencing HBOS Preference 
ADSs on the Official List as well as trading of such securities on the London 
Stock Exchange. Cancellation is expected to take place at 8.00 a.m. on 19 
January 2009. 
Capitalised terms used in this announcement but not defined herein shall have 
the meanings given to them in the Preference Scheme Document dated 14 November 
2008. 
 
 
Contacts 
 
Investor Relations: 
Charles Wycks 
Director of Investor Relations 
+44 (0)20 7905 9600 
charleswycks@hbosplc.com 
 
 
 
Press Office: 
Shane O'Riordain 
General Manager, Group Communications 
+44 (0)131 243 7195 
+44 (0)7770 544585 (mobile) 
shaneo'riordain@hbosplc.com 
 
 
Dealing Disclosure Requirements 
Under the provisions of Rule 8.3 of the Takeover Code (the 'Code'), if any 
person is, or becomes, 'interested' (directly or indirectly) in 1% or more of 
any class of 'relevant securities' of Lloyds TSB Group plc ('Lloyds TSB') or of 
HBOS, all 'dealings' in any 'relevant securities' of that company (including by 
means of an option in respect of, or a derivative referenced to, any such 
'relevant securities') must be publicly disclosed by no later than 3.30 pm 
(London time) on the London business day following the date of the relevant 
transaction. This requirement will continue until the date on which the offer 
becomes, or is declared, unconditional as to acceptances, lapses or is otherwise 
withdrawn or on which the 'offer period' otherwise ends. If two or more persons 
act together pursuant to an agreement or understanding, whether formal or 
informal, to acquire an 'interest' in 'relevant securities' of Lloyds TSB or of 
HBOS, they will be deemed to be a single person for the purpose of Rule 8.3. 
Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant 
securities' of Lloyds TSB or of HBOS by Lloyds TSB or HBOS, or by any of their 
respective 'associates', must be disclosed by no later than 12.00 noon (London 
time) on the London business day following the date of the relevant transaction. 
A disclosure table, giving details of the companies in whose 'relevant 
securities' 'dealings' should be disclosed, and the number of such securities in 
issue, can be found on the Takeover Panel's website at 
www.thetakeoverpanel.org.uk. 
'Interests in securities' arise, in summary, when a person has long economic 
exposure, whether conditional or absolute, to changes in the price of 
securities. In particular, a person will be treated as having an 'interest' by 
virtue of the ownership or control of securities, or by virtue of any option in 
respect of, or derivative referenced to, securities. 
Terms in quotation marks are defined in the Code, which can also be found on the 
Panel's website. If you are in any doubt as to whether or not you are required 
to disclose a 'dealing' under Rule 8, you should consult the Panel. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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