Lloyds TSB definition
Examples of Lloyds TSB in a sentence
ERC is funded by the Economic and Social Research Council (ESRC); the Department for Business, Innovation & Skills (BIS); the Technology Strategy Board (TSB); and, through the British Bankers Association (BBA), by the Royal Bank of Scotland PLC; Bank of Scotland; HSBC Bank PLC; Barclays Bank PLC and Lloyds TSB Bank PLC.
If so, the Agency will charge the Client at Lloyds TSB Bank plc’s exchange rate on the date the Agency pays for the relevant materials or services.
However, in the event that UK stamp duty is payable, you will bear the cost of such duty, and Lloyds TSB Registrars will advise you of the amount payable by you.
LBG was formed on January 19, 2009, following the acquisition of HBOS plc by Lloyds TSB Group plc.
The terms and conditions of both the New HM Treasury Preference Shares and the Lloyds TSB 12% Preference Shares will be identical in all respects, and are set out in Part IV – (‘‘Description of the Preference Shares – Description of the Lloyds TSB 12% Preference Shares and the New HM Treasury Preference Shares’’).
On 18 September 2008, with the support of the UK Government, the Boards of HBOS and Lloyds TSB announced they had reached agreement on the terms of a recommended acquisition of HBOS by Lloyds TSB.
The New Lloyds TSB Preference Shares received by the HBOS Preference Share Depositary will remain in the respective HBOS ADS facilities and will be deposited securities under the relevant HBOS Preference Share Deposit Agreement.The ADSs representing Preference Scheme Shares will remain outstanding but will then represent New Lloyds TSB Preference Shares.
The New HM Treasury Preference Shares will be issued directly by Lloyds TSB and will not form part of the Preference Share Scheme.Immediately upon the Preference Scheme becoming effective, the New HM Treasury Preference Shares and the Lloyds TSB 12% Preference Shares shall be consolidated and form a single class.
The Preference Scheme is also conditional upon the approval of the Acquisition by the Lloyds TSB Shareholders at the Lloyds TSB General Meeting.
The cancellation of each class of Preference Scheme Shares and corresponding issue of New Lloyds TSB Preference Shares is to be effected by means of a scheme of arrangement under sections 895 to 899 of the Companies Act between HBOS and the Preference Scheme Shareholders.