Capitalisation Issue
As announced on 29 April 2008, the HBOS Board believe that it is prudent to issue new ordinary shares by way of a Capitalisation Issue in lieu of the 2008 interim dividend for the financial year ending 31 December 2008. The necessary shareholder approval for this was obtained at the General Meeting on 26 June 2008.
We have announced a Capitalisation amount of £320m, equivalent to 6.07p per ordinary share, for the purpose of calculating individual entitlements to new shares.
HBOS plc Ordinary Shares Capitalisation Amount
| Allotment Date |
Capitalisation Amount |
Ex-Date | Record Date |
|---|---|---|---|
| 06 Oct 2008 | 6.07p | 01 Oct 2008 | 03 Oct 2008 |
HBOS plc Ordinary Shares Capitalisation Issue timetable
| Capitalisation Issue timetable | |
|---|---|
| Ordinary shares Capitalisation Issue Ex-Date | 01/10/08 |
| Ordinary shares Capitalisation Issue Record Date | 03/10/08 |
| Ordinary shares Capitalisation Issue Shares issued and admitted to trading. CREST accounts credited with Capitalisation Issue Shares. | 06/10/08 |
| Latest date by which new share certificates, CREST entitlement statements and HBOS Shareholder Account statements will be posted in respect of the Capitalisation Issue | 17/10/08 |
| Capitalisation Issue price | 232p |
Entitlement to Capitalisation Issue Shares
HBOS has agreed that the number of shares to be issued pursuant to the Capitalisation Issue being implemented in lieu of its 2008 interim dividend will be calculated on the basis of 232 pence per HBOS share, being the value per HBOS share implied by the terms of the acquisition by Lloyds TSB Group plc.
Entitlements to Capitalisation Issue Shares will be rounded down to the nearest whole number of shares. No fraction of an ordinary share will be allotted.
