TIDMLLOY TIDMSTJ
RNS Number : 4051F
Lloyds Banking Group PLC
23 May 2013
23 May 2013
Not for publication or distribution directly or indirectly, in
whole or in part, in or into the United States, Australia, Canada,
Japan or Republic of South Africa or in any other jurisdiction in
which offers or sales would be prohibited by applicable law.
This announcement is not an offer to sell or a solicitation to
buy securities in any jurisdiction, including the United States,
Australia, Canada, Japan or Republic of South Africa. Neither this
announcement nor anything contained herein shall form the basis of,
or be relied upon in connection with, any offer or commitment
whatsoever in any jurisdiction.
PLACING OF SHARES IN ST JAMES'S PLACE PLC
Further to its announcement on 22 May 2013 of its intention to
sell shares in St James's Place plc ('St James's Place', or the
'Company'), Lloyds Banking Group plc ('Lloyds', or the 'Group')
announces that 77 million shares have been placed at a price of
GBP5.80 per share (the 'Placing'). The gross proceeds of the
Placing are approximately GBP450 million.
Settlement of the Placing will take place on 29 May 2013. On
completion, Lloyds will hold 110 million St James's Place shares
(approximately 21 per cent of the Company's issued share
capital).
The existing 365 day lock-up, agreed at time of the prior
placing in March, will remain in place in respect of Lloyds'
remaining holding in St James's Place and, in addition, cannot be
waived for at least 180 days from the date of completion.
Effect of the Placing on Lloyds
As a result of the Placing, the Group will realise a gain on
sale of approximately GBP40 million. The Placing will increase the
Group's core tier 1 capital by approximately GBP40 million,
equivalent to an approximate 1 basis point benefit to its core tier
1 capital ratio (under current capital rules). On a pro forma fully
loaded CRD IV basis, the Placing will increase the Group's common
equity tier 1 capital by approximately GBP500 million, equivalent
to an approximate 16 basis points benefit.
Following the Placing the Group expects to continue to account
for St James's Place as an associate, reflecting the Group's share
of the Company's profit within its income statement. The statutory
profit after tax but before minority interest attributable to St
James's Place in the Group's accounts for the year ending 31
December 2012 was GBP76 million.
- END -
For further information:
BofA Merrill Lynch +44 (0) 20 7628 1000
Rupert Hume-Kendall
Oliver Holbourn
Michael Findlay
Lloyds Banking Group Investor Relations
Charles King +44 (0) 20 7356 3537
Investor Relations Director
Email: charles.king@finance.lloydsbanking.com
Lloyds Banking Group Corporate Affairs
Matthew Young +44 (0) 20 7356 2231
Group Corporate Affairs Director
Email: matt.young@lloydsbanking.com
The distribution of this announcement and the offer and sale of
the Placing Shares in certain jurisdictions may be restricted by
law. The Placing Shares may not be offered to the public in any
jurisdiction in circumstances which would require the preparation
or registration of any prospectus or offering document relating to
the Placing Shares in such jurisdiction. No action has been taken
by the seller or Merrill Lynch International or any of their
respective affiliates that would permit an offering of the Placing
Shares or possession or distribution of this announcement or any
other offering or publicity material relating to such securities in
any jurisdiction where action for that purpose is required.
This announcement is not for publication, distribution or
release, directly or indirectly, in or into the United States of
America (including its territories and possessions), Australia,
Canada, Japan or Republic of South Africa or any other jurisdiction
where such an announcement would be unlawful. The distribution of
this announcement may be restricted by law in certain jurisdictions
and persons into whose possession this document or other
information referred to herein comes should inform themselves about
and observe any such restriction. Any failure to comply with these
restrictions may constitute a violation of the securities laws of
any such jurisdiction.
This announcement is not for publication, distribution or
release, directly or indirectly, in or into the United States
(including its territories and dependencies, any State of the
United States and the District of Columbia). The securities
referred to herein have not been and will not be registered under
the U.S. Securities Act of 1933, as amended (the 'Securities Act'),
and, subject to certain exemptions, may not be offered or sold in
the United States or to, or for the account or benefit of, U.S.
persons (as defined in Regulation S under the Securities Act).
Neither this document nor the information contained herein
constitutes or forms part of an offer to sell or the solicitation
of an offer to buy securities in the United States. There will be
no public offer of any securities in the United States or in any
other jurisdiction. The Company has not been and will not be
registered under the U.S. Investment Company Act of 1940, as
amended.
In member states of the European Economic Area ('EEA') which
have implemented the Prospectus Directive (each, a 'Relevant Member
State'), this announcement and any offer if made subsequently is
directed exclusively at persons who are 'qualified investors'
within the meaning of the Prospectus Directive ('Qualified
Investors'). For these purposes, the expression 'Prospectus
Directive' means Directive 2003/71/EC (and amendments thereto,
including the 2010 PD Amending Directive, to the extent implemented
in a Relevant Member State), and includes any relevant implementing
measure in the Relevant Member State and the expression '2010 PD
Amending Directive' means Directive 2010/73/EU. In the United
Kingdom this announcement is directed exclusively at Qualified
Investors (i) who have professional experience in matters relating
to investments falling within Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005, as
amended (the 'Order') or (ii) who fall within Article 49(2)(A) to
(D) of the Order, and (iii) to whom it may otherwise lawfully be
communicated.
This announcement is not an offer of securities or investments
for sale nor a solicitation of an offer to buy securities or
investments in any jurisdiction where such offer or solicitation
would be unlawful. No action has been taken that would permit an
offering of the securities or possession or distribution of this
announcement in any jurisdiction where action for that purpose is
required. Persons into whose possession this announcement comes are
required to inform themselves about and to observe any such
restrictions.
In connection with any offering of the Placing Shares, Merrill
Lynch International and any of its affiliates acting as an investor
for their own account may take up as a proprietary position any
Placing Shares and in that capacity may retain, purchase or sell
for their own account such Placing Shares. In addition they may
enter into financing arrangements and swaps with investors in
connection with which they may from time to time acquire, hold or
dispose of Placing Shares. They do not intend to disclose the
extent of any such investment or transactions otherwise than in
accordance with any legal or regulatory obligation to do so.
Merrill Lynch International, which is authorised and regulated
in the United Kingdom by the FSA, is acting on behalf of Lloyds and
no one else in connection with any offering of the Placing Shares
and will not be responsible to any other person for providing the
protections afforded to any of its clients or for providing advice
in relation to any offering of the Placing Shares. Merrill Lynch
International will not regard any other person as its client in
relation to the offering of the Placing Shares.
FORWARD LOOKING STATEMENTS
This announcement contains forward looking statements with
respect to the business, strategy and plans of the Lloyds Banking
Group, its current goals and expectations relating to its future
financial condition and performance. Statements that are not
historical facts, including statements about the Group or the
Group's management's beliefs and expectations, are forward looking
statements. By their nature, forward looking statements involve
risk and uncertainty because they relate to events and depend on
circumstances that will or may occur in the future. The Group's
actual future business, strategy, plans and/or results may differ
materially from those expressed or implied in these forward looking
statements as a result of a variety of risks, uncertainties and
other factors, including, but not limited to, UK domestic and
global economic and business conditions; the ability to derive cost
savings and other benefits, including as a result of the Group's
Simplification programme; the ability to access sufficient funding
to meet the Group's liquidity needs; changes to the Group's credit
ratings; risks concerning borrower or counterparty credit quality;
instability in the global financial markets, including Eurozone
instability and the impact of any sovereign credit rating downgrade
or other sovereign financial issues; market-related risks
including, but not limited to, changes in interest rates and
exchange rates; changing demographic and market-related trends;
changes in customer preferences; changes to laws, regulation,
accounting standards or taxation, including changes to regulatory
capital or liquidity requirements; the policies and actions of
governmental or regulatory authorities in the UK, the European
Union, or jurisdictions outside the UK in which the Group
operates, including other European countries and the US; the
implementation of the draft EU crisis management framework
directive and banking reform following the recommendations made by
the Independent Commission on Banking; the ability to attract and
retain senior management and other employees; requirements or
limitations imposed on the Group as a result of HM Treasury's
investment in the Group; the ability to complete satisfactorily the
disposal of certain assets as part of the Group's EC state aid
obligations; the extent of any future impairment charges or
write-downs caused by depressed asset valuations, market
disruptions and illiquid markets; the effects of competition and
the actions of competitors, including non-bank financial services
and lending companies; exposure to regulatory scrutiny, legal
proceedings, regulatory investigations or complaints, 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 certain factors together with examples of forward
looking 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUOVVROVAVURR
St. James's Place (LSE:STJ)
過去 株価チャート
から 9 2024 まで 10 2024
St. James's Place (LSE:STJ)
過去 株価チャート
から 10 2023 まで 10 2024