HBOS Acquisition timetable

RNS Number : 6497G

Lloyds TSB Group PLC

24 October 2008

 

87/08                                                                                                                24 October 2008

Lloyds TSB ANNOUNCES HBOS ACQUISITION TIMETABLE

Lloyds TSB Group plc (Lloyds TSB) today announces further details of the timetable for Lloyds TSB shareholders to approve the acquisition of HBOS, announced on 18 September 2008, and the capital raising announced on 13 October 2008.

It is currently anticipated that the Lloyds TSB Circular to shareholders will be posted during the first week of November, with the General Meeting to approve the acquisition and capital raising expected to take place approximately two weeks thereafter.  The circular will also include Lloyds TSB's interim management statement.

Lloyds TSB currently expects that the acquisition and capital raising will be completed in January 2009.

For further information:-

Investor Relations

Michael Oliver    [phone]

Director of Investor Relations

E-mail: [e-mail] 

Media Relations

Amy Mankelow    [phone]

Senior Manager, Media Relations

E-mail: [e-mail] 

FORWARD LOOKING STATEMENTS

This announcement contains forward looking statements with respect to the business, strategy and plans of the Lloyds TSB Group, its current goals and expectations relating to its future financial condition and performance. By their nature, forward looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. The Group's actual future results may differ materially from the results expressed or implied in these forward looking statements as a result of a variety of factors, including UK domestic and global economic and business conditions, risks concerning borrower credit quality, market related risks such as interest rate risk and exchange rate risk in its banking business and equity risk in its insurance businesses, changing demographic trends, unexpected changes to regulation, the policies and actions of governmental and regulatory authorities in the UK or jurisdictions outside the UK, including other European countries and the US, exposure to legal proceedings or complaints, changes in customer preferences, competition and other factors. Please refer to the latest Annual Report on Form 20-F filed with the US Securities and Exchange Commission for a discussion of such factors. 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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