Lloyds Banking Group PLC LBG COMPLETES SHARE BUYBACK PROGRAMME (5548C)
12 Ottobre 2022 - 8:00AM
UK Regulatory
TIDMLLOY
RNS Number : 5548C
Lloyds Banking Group PLC
12 October 2022
12 October 2022
LLOYDS BANKING GROUP COMPLETES SHARE BUYBACK PROGRAMME
Following the purchase of ordinary shares on 11 October 2022,
Lloyds Banking Group plc (the "Company") announces that the
Company's share buyback programme announced on 25 February 2022 was
completed in accordance with its terms. The programme was managed
by Morgan Stanley & Co. International plc. In aggregate between
25 February 2022 and 11 October 2022, the Company repurchased
4,528,731,591 ordinary shares for an aggregate consideration of
GBP2.0 billion.
- END -
For further information:
Investor Relations
Douglas Radcliffe +44 (0)20 7356 1571
Group Investor Relations Director
douglas.radcliffe@lloydsbanking.com
Corporate Affairs
Matt Smith +44 (0)20 7356 3522
Head of Media Relations
matt.smith@lloydsbanking.com
FORWARD LOOKING STATEMENTS
This document contains certain forward-looking statements within
the meaning of Section 21E of the US Securities Exchange Act of
1934, as amended, and section 27A of the US Securities Act of 1933,
as amended, with respect to Lloyds Banking Group plc together with
its subsidiaries (the Group) and its current goals and
expectations. Statements that are not historical or current facts,
including statements about the Group's or its directors' and/or
management's beliefs and expectations, are forward looking
statements. Words such as, without limitation, 'believes',
'achieves', 'anticipates', 'estimates', 'expects', 'targets',
'should', 'intends', 'aims', 'projects', 'plans', 'potential',
'will', 'would', 'could', 'considered', 'likely', 'may', 'seek',
'estimate', 'probability', 'goal', 'objective', 'deliver',
'endeavour', 'prospects', 'optimistic' and similar expressions or
variations on these expressions are intended to identify forward
looking statements. These statements concern or may affect future
matters, including but not limited to: projections or expectations
of the Group's future financial position, including profit
attributable to shareholders, provisions, economic profit,
dividends, capital structure, portfolios, net interest margin,
capital ratios, liquidity, risk-weighted assets (RWAs),
expenditures or any other financial items or ratios; litigation,
regulatory and governmental investigations; the Group's future
financial performance; the level and extent of future impairments
and write-downs; the Group's ESG targets and/or commitments;
statements of plans, objectives or goals of the Group or its
management and other statements that are not historical fact;
expectations about the impact of COVID-19; and statements of
assumptions underlying such statements. By their nature, forward
looking statements involve risk and uncertainty because they relate
to events and depend upon circumstances that will or may occur in
the future. Factors that could cause actual business, strategy,
plans and/or results (including but not limited to the payment of
dividends) to differ materially from forward looking statements
include, but are not limited to: general economic and business
conditions in the UK and internationally; market related risks,
trends and developments; risks concerning borrower and counterparty
credit quality; fluctuations in interest rates, inflation, exchange
rates, stock markets and currencies; volatility in credit markets;
volatility in the price of our securities; any impact of the
transition from IBORs to alternative reference rates; the ability
to access sufficient sources of capital, liquidity and funding when
required; changes to the Group's credit ratings; the ability to
derive cost savings and other benefits including, but without
limitation, as a result of any acquisitions, disposals and other
strategic transactions; inability to capture accurately the
expected value from acquisitions; potential changes in dividend
policy; the ability to achieve strategic objectives; insurance
risks; management and monitoring of conduct risk; exposure to
counterparty risk; credit rating risk; tightening of monetary
policy in jurisdictions in which the Group operates; instability in
the global financial markets, including within the Eurozone, and as
a result of ongoing uncertainty following the exit by the UK from
the European Union (EU) and the effects of the EU-UK Trade and
Cooperation Agreement; political instability including as a result
of any UK general election and any further possible referendum on
Scottish independence; operational risks; conduct risk;
technological changes and risks to the security of IT and
operational infrastructure, systems, data and information resulting
from increased threat of cyber and other attacks; natural pandemic
(including but not limited to the COVID-19 pandemic) and other
disasters; inadequate or failed internal or external processes or
systems; acts of hostility or terrorism and responses to those
acts, or other such events; geopolitical unpredictability; the war
between Russia and Ukraine; the tensions between China and Taiwan;
risks relating to sustainability and climate change (and achieving
climate change ambitions), including the Group's ability along with
the government and other stakeholders to measure, manage and
mitigate the impacts of climate change effectively; changes in
laws, regulations, practices and accounting standards or taxation;
changes to regulatory capital or liquidity requirements and similar
contingencies; assessment related to resolution planning
requirements; the policies and actions of governmental or
regulatory authorities or courts together with any resulting impact
on the future structure of the Group; failure to comply with
anti-money laundering, counter terrorist financing, anti-bribery
and sanctions regulations; failure to prevent or detect any illegal
or improper activities; projected employee numbers and key person
risk; increased labour costs; assumptions and estimates that form
the basis of our financial statements; the impact of competitive
conditions; and exposure to legal, regulatory or competition
proceedings, investigations or complaints. A number of these
influences and factors are beyond the Group's control. Please refer
to the latest Annual Report on Form 20-F filed by Lloyds Banking
Group plc with the US Securities and Exchange Commission (the SEC),
which is available on the SEC's website at www.sec.gov, for a
discussion of certain factors and risks. Lloyds Banking Group plc
may also make or disclose written and/or oral forward-looking
statements in other written materials and in oral statements made
by the directors, officers or employees of Lloyds Banking Group plc
to third parties, including financial analysts. Except as required
by any applicable law or regulation, the forward-looking statements
contained in this document are made as of today's date, and the
Group expressly disclaims any obligation or undertaking to release
publicly any updates or revisions to any forward looking statements
contained in this document whether as a result of new information,
future events or otherwise. The information, statements and
opinions contained in this document do not constitute a public
offer under any applicable law or an offer to sell any securities
or financial instruments or any advice or recommendation with
respect to such securities or financial instruments.
Morgan Stanley & Co. International plc is acting on behalf
of the Group in relation to the programme and no-one else and will
not be responsible to anyone other than the Group for providing the
protections offered to clients of Morgan Stanley & Co.
International plc nor for providing advice in relation to such
programme.
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