Last checked at 28 Apr 2023 10:10
The following amendment has been made to the 'Notice of Redemption' announcement released on 28/04/2023 at 9.01am under RNS No 8651X.
"$1,494,392,000" in the title of the announcement has been replaced with "£1,494,392,000"
All other details remain unchanged. The full amended text is shown below.
Redemption of 7.625% Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Contingent Convertible Securities
Lloyds Banking Group plc
£1,494,392,000 7.625% Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Contingent Convertible Securities, of which £135,301,000 in principal amount is outstanding
(ISIN: XS1043552188)
April 28, 2023. Lloyds Banking Group plc (the "Group") announces that it has issued a notice of redemption for the entire outstanding principal amount of its 7.625% Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Contingent Convertible Securities (the "Notes"). A notice of redemption pursuant to Condition 17 of the Notes (as amended and supplemented by the Global Certificate representing the Notes) has been distributed to The Bank of New York Mellon, acting through its London Branch, as Trustee (the "Trustee").
The outstanding Notes will be redeemed on June 27, 2023 (the "Redemption Date") at an amount equal to 100% of their principal amount, together with any accrued but unpaid interest to, but excluding, the Redemption Date (the "Redemption Price"). Accordingly, the listing of the Notes on the Dublin Stock Exchange will be cancelled on, or shortly after, June 27, 2023.
On the Redemption Date, the Redemption Price will become due and payable and interest on the Notes will cease to accrue. Before the Redemption Date, the Group will irrevocably deposit with the Trustee or with a Paying Agent an amount of money sufficient to pay the total Redemption Price of each of the Notes. When the Group makes such a deposit, all rights of the holders of the Notes will cease, except the holders' rights to receive the Redemption Price and the Notes will no longer be outstanding.
For further information in relation to the redemption of the Notes, please contact:
Group Corporate Treasury:
Liz PadleyNon Bank Entities Treasurer and Head of Capital and Recovery and ResolutionTelephone: +44 (0)7385 032858
Peter Green
Head of Senior Funding & Covered Bonds, Debt IR and Rating Agency Management
Telephone: +44 (0)7385 032953
Pascale Dorey
Debt Investor Relations
Telephone: +44 (0)7384 240296