Lloyds Banking Group plc (LYG) Form 6-K — Jul 30, 2026
Lloyds Banking Group plc has announced a Notice of Push Down Election effective July 30, 2026, regarding its outstanding Additional Tier 1 (AT1) Securities. This action follows the issuer's election to reclassify Existing Preference Shares as Tier 2 Capital for regulatory purposes. Consequently, the push-down mechanism in the terms of the AT1 Securities has been activated. Holders of the Existing Preference Shares and any Pari Passu Securities will now rank as Senior Creditors to the AT1 Securities in a winding-up scenario.
Key figures
- At1 security 1
- £750,009,000
- At1 security 2
- £750,000,000
- At1 security 3
- £750,000,000
- At1 security 4
- $1,250,000,000
- At1 security 5
- $1,000,000,000
- At1 security 6
- £750,000,000
- At1 security 7
- $1,000,000,000
AI analysis
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