Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Lloyds Banking Group PLC Share Issue/Capital Change 2021

Aug 2, 2021

Preview isn't available for this file type.

Download source file

title: "HouseStyle"
author: "Any Authorised User"
date: 2020-03-11 12:55:00+00:00
processor: python-docx+mammoth
status: success


SUPPLEMENTARY PROSPECTUS DATED 30 JULY 2021
TO THE PROSPECTUSES SET OUT IN THE SCHEDULE HERETO

LLOYDS BANK plc

(incorporated in England with limited liability with registered number 2065)

This Supplement (the “Supplement”) to the prospectuses listed in the Schedule hereto,each of which, comprises a base prospectus (together, the “Prospectuses”, and each a “Prospectus”) for the purposes of Article 23 of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the “UK Prospectus Regulation”), constitutes a supplementary prospectus for the purposes of the UK Prospectus Regulation, and is prepared in connection with the Programmes (as defined herein) established by Lloyds Bank plc (the “Bank”).

This Supplement is supplemental to, and should be read in conjunction with, the Prospectuses and the documents incorporated by reference therein. Capitalised terms used in this Supplement but not defined herein shall have the meanings ascribed to them in the Prospectuses.

The Bank accepts responsibility for the information contained in this Supplement. To the best of the knowledge of the Bank the information contained in this Supplement is in accordance with the facts and does not omit anything likely to affect the import of such information.

Purpose of this Supplement

The purpose of this Supplement is to:

  1. incorporate by reference the Bank’s 2021 Half-Year Results (as defined in this Supplement), which were published via the RNS on 29 July 2021 in each of the Prospectuses;
  2. update the no significant change statement of the Bank and its subsidiary and associated undertakings (the “Lloyds Bank Group”) in each of the Prospectuses; and
  3. update the no material adverse change statement of the Lloyds Bank Group in the GMTN Programme Prospectus only.
  4. Documents Incorporated by Reference

By virtue of this Supplement, the Bank’s 2021 Half-Year Results for the half-year to 30 June 2021, including the unaudited condensed consolidated financial statements prepared on a statutory basis for the half-year to 30 June 2021, together with the independent review report thereon, as set out on pages 29 to 75 and 77 thereof, respectively (the “2021 Half-Year Results”), which have previously been filed with the Financial Conduct Authority, shall be deemed to be incorporated in, and form part of, each of the Prospectuses and supplement the section entitled “Documents Incorporated by Reference” in each of the Prospectuses.

Any documents themselves incorporated by reference in the 2021 Half-Year Results shall not form part of the Prospectuses, unless specified otherwise here.

  1. No significant change of the Lloyds Bank Group

The no significant change of the Lloyds Bank Group statement at paragraph 3 on (i) page 190 of the EMTN Programme Prospectus; and (ii) page 673 of the GMTN Programme Prospectus, is updated as set out below:

There has been no significant change in the financial position or financial performance of the Lloyds Bank Group since 30 June 2021, the date to which the Lloyds Bank Group’s last published unaudited interim financial information (as set out in the Bank’s 2021 Half-Year Results) was prepared.

  1. No material adverse change of the Lloyds Bank Group

The no material adverse change of the Lloyds Bank Group statement at paragraph 3 on page 673 of the GMTN Programme Prospectus is updated as set out below:

Save as disclosed in: the sub-section entitled “Risk Factors – Economic and Financial Risks – Lloyds Bank Group’s businesses are subject to risks relating to the COVID-19 pandemic” on pages 32 to 33 of this Prospectus, there has been no material adverse change in the prospects of the Bank since 31 December 2020, the date to which the Bank’s last published audited financial information (as set out in the Bank’s 2020 Annual Report) was prepared.

Copies of this Supplement and all documents incorporated by reference in this Supplement can be viewed on the website of the Bank at www.lloydsbankinggroup.com.

To the extent that there is any inconsistency between (a) any statement in this Supplement or any statement incorporated by reference into the relevant Prospectus by this Supplement and (b) any other statement in or incorporated by reference into the relevant Prospectus, the statements in (a) above will prevail.

Save as disclosed in this Supplement, no other significant new factor, material mistake or inaccuracy relating to information included in each of the Prospectuses has arisen or been noted, as the case may be, since the publication of each of the Prospectuses.

Schedule
List of Prospectuses

EMTN Programme Prospectus

  • Prospectus dated 2 July 2021 relating to the Lloyds Bank plc £35,000,000,000 Euro Medium Term Note Programme (the “EMTN Programme”).

GMTN Programme Prospectus

  • Prospectus dated 2 July 2021 relating to the Lloyds Bank plc £25,000,000,000 Global Medium Term Note Programme (the “GMTN Programme”, together with the EMTN Programme, the “Programmes”).