AT1 Repurchase Offer Results

RNS Number : 8288G

Lloyds Banking Group PLC

31 March 2022

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA) (THE "UNITED STATES") OR TO ANY U.S. PERSON OR TO ANY OTHER PERSON WHERE OR TO WHOM IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT.

LLOYDS BANKING GROUP PLC ANNOUNCES THE RESULTS OF ITS PURCHASE PROGRAMME FOR ONE SERIES OF ITS STERLING DENOMINATED ADDITIONAL TIER 1 SECURITIES

Following its announcement on 23 March 2022, Lloyds Banking Group plc ("LBG") today announces that it has accepted for purchase £421,363,000 in principal amount of the following securities (the "Securities") pursuant to a purchase programme (the "Purchase Programme") managed by Lloyds Bank Corporate Markets plc and UBS AG London Branch (together, the "Managers"):

Description of the Securities	ISIN	Amount accepted for purchase	Amount outstanding following settlement of all purchases
£1,494,392,000 7.625 per cent. Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Contingent Convertible Securities Callable 2023	XS1043552188	£421,363,000	£1,073,029,000

The Purchase Period for the Purchase Programme is now closed. LBG reserves the right to continue to purchase Securities, off-market or in the market, from time to time. Securities purchased pursuant to the Purchase Programme will be cancelled by LBG.

For enquiries please contact:

Lloyds Bank Corporate Markets plc 10 Gresham Street London EC2V 7AE United Kingdom Tel: [phone] / 1719 Attention: Liability Management Group email:  [e-mail]

UBS AG London Branch 5 Broadgate London EC2M 2QS United Kingdom Telephone: [phone] Attention: Liability Management Group Email: [e-mail]

For further information please contact:

Group Corporate Treasury:

Liz Padley
Head of Capital, Holding Company, and Recovery and Resolution
Telephone: [phone]
Email: [e-mail]

Pascale Dorey
Debt Investor Relations
Telephone: [phone]
Email: [e-mail]

Investor Relations:

Douglas Radcliffe
Group Investor Relations Director
Telephone: [phone]
Email: [e-mail] 

Corporate Affairs:

Matthew Smith
Head of Media Relations
Tel: [phone]
Email: [e-mail]

This announcement contains inside information in relation to the Securities and is disclosed in accordance with the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR"). For the purposes of UK MAR and Article 2 of the binding technical standards published by the Financial Conduct Authority in relation to UK MAR as regards Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Douglas Radcliffe, Group Investor Relations Director.

DISCLAIMER

This announcement must be read in conjunction with the announcement relating to the Purchase Programme published by LBG on 23 March 2022. Terms defined in such announcement have the same meanings when used in this announcement.

 

END

 

 

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