FACTBOX - Key facts on Lloyds' rights issue - Yahoo! Finance

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Tuesday November 24, 08:47 AM
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FACTBOX - Key facts on Lloyds' rights issue

(Reuters) - Lloyds Banking Group Plc has priced the world's largest rights issue, worth 13.5 billion pounds.

Following are key points on the cash call:

STATISTICS

* Issue price per new share of 37p

* To offer 1.34 new shares for every existing share

* Issue price represents 59.5 percent discount to November 23 close of 91.47p

* 38.6 percent discount to theoretical ex rights price based on November 23 close

* More than 36.5 billion shares will be offered

* New shares will represent 57.3 percent of enlarged share capital of the group

RETAIL SHAREHOLDERS

* Lloyds has Britain's largest retail shareholder base

* Estimates the total cost for average private shareholder of 366.67 pounds if they take up all their rights

TIMETABLE * General shareholder meeting Nov 26

* Dealing in nil-paid rights begins Nov 27

* Results of U.S. debt exchange offer Dec 9

* Last date for rights issue acceptance Dec 11

* New ordinary shares begin trading Dec 14

(Compiled by Clara Ferreira-Marques; Editing by David Holmes)

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