Notice to Holders of Series A PRO's
16 Janvier 2009 - 1:10PM
UK Regulatory
TIDM63GF TIDMHBOS TIDMLLOY
RNS Number : 7826L
Bank of Scotland Plc
16 January 2009
16 January 2009
Notice to the Holders of GBP150,000,000 7.286% Series A Perpetual Regulatory
tier One Securities (the "Series A PROs") and GBP150,000,000 7.281% Series B
Perpetual Regulatory tier One Securities (the "Series B PROs" and, together with
the Series A PROs, the "PROs") issued by Bank of Scotland plc (the "Issuer")
References to "Conditions" herein are references to the Terms and Conditions of
the PROs and words and expressions defined in the Conditions and not otherwise
defined herein shall have the same meanings where used herein.
Notice is hereby given to the Holders of the PROs that, as of 16 January
2009, under the terms of a recommended acquisition by Lloyds Banking Group plc
("Lloyds TSB") of the entire issued ordinary share capital of HBOS plc
implemented by way of a scheme of arrangement under sections 895 to 899 of the
Companies Act 2006 (the "Acquisition"), Lloyds TSB has become the ultimate
holding company in respect of the Group.
Pursuant to Condition 8(d) (Suspension), the Issuer's right to satisfy a Payment
by the method contemplated in Condition 6 (Alternative Coupon Satisfaction
Mechanism) shall be suspended immediately, such suspension to operate in
accordance with the provisions of Condition 8(d) (Suspension).
Enquiries:
Investor Relations:
John Hope
Director Investor Relations
+44 (0)131 243 5508
johnhope@hbosplc.com
Press Office:
Shane O'Riordain
General Manager, Group Communications
+44 (0)131 243 7195
shaneo'riordain@hbosplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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