Exchange of Yen Securities

RNS Number : 3862O

Lloyds Banking Group PLC

29 June 2010

 



58/10

29 June 2010

EXCHANGE OF YEN SECURITIES

Further to the announcement of 14 June 2010, Lloyds Banking Group plc announces on behalf of LBG Capital No. 2 plc ("LBG Capital No. 2") that LBG Capital No. 2 has agreed to exchange all of the ¥42,500,000,000 3.50 per cent. Undated Subordinated Step-Up Notes (ISIN: XS0125599687) issued by HBOS plc (the "Yen Securities") in exchange for the delivery of 405,358,796 ordinary shares of 10 pence each in the share capital of Lloyds Banking Group plc (the "Ordinary Shares") on 29 June 2010.

Application has been made for the Ordinary Shares (together with the Ordinary Shares referred to in the announcement of 28 June 2010) to be admitted to listing on the Official List of the UK Listing Authority and to trading on the main market of the London Stock Exchange plc from 29 June 2010. Including the 537,183,437 Ordinary Shares referred to in the announcement of 28 June 2010, the total number of Ordinary Shares to be admitted to listing and to trading on 29 June 2010 is 942,542,233.

For further information:

Investor Relations

Michael Oliver                                                             [phone]
Director of Investor Relations
Email: [e-mail]

Moira d'Arcy                                                                [phone]
Head of Debt Investor Relations
Email: moira.d'[e-mail]

Media Relations

Sara Evans                                                                 [phone]
Media Relations Manager
Email: [e-mail]

This announcement is not an offer for sale of any Ordinary Shares or any other securities of Lloyds Banking Group plc.

This announcement does not constitute a prospectus and no prospectus for the purposes of EU Directive 2003/71/EC and the applicable implementing measures will be published relating to the Ordinary Shares and/or the issue and subscription thereof.

This announcement is not for distribution, directly or indirectly, in or into the United States or any other state or jurisdiction in which it would be unlawful to do so. This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities mentioned herein (the "Securities") have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Securities Act"). The Securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. There will be no public offer of the Securities in the United States, and the Securities have not been approved or disapproved by the US Securities and Exchange Commission, any state securities commission in the United States, or any US regulatory authority, nor have any of the foregoing authorities passed upon or endorsed the merits of the offering or the Securities or the accuracy or adequacy of any of the documents or other information contained therein.

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FORWARD LOOKING STATEMENTS

This announcement includes certain forward-looking statements with respect to the business, strategy and plans of the Company or the Group and its current goals and expectations relating to its future financial condition and performance. Statements that are not historical facts, including statements about the Company's or its directors' and/or management's beliefs and expectations, are forward-looking statements. Words such as 'believes', 'anticipates', 'estimates', 'expects', 'intends', 'aims', 'potential', 'will', 'would', 'could', 'considered', 'likely', 'estimate' and variations of these words and similar future or conditional expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend upon circumstances that will occur in the future.

Examples of such forward-looking statements include, but are not limited to, projections or expectations of the Group's future financial position including profit attributable to shareholders, provisions, economic profit, dividends, capital structure, expenditures or any other financial items or ratios; statements of plans, objectives or goals of the Company or its management including in respect of the integration of HBOS plc and the achievement of certain synergy targets; statements about the future business and economic environments in the United Kingdom and elsewhere including future trends in interest rates, foreign exchange rates, credit and equity market levels and demographic developments and any impact on the Group; statements about strategic goals, competition, regulation, disposals and consolidation or technological developments in the financial services industry; and statements of assumptions underlying such statements.

The forward looking statements contained in this announcement are made as at the date of this announcement, and the Group undertakes no obligation to update any of its forward looking statements.

 

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