Lloyds Banking Group plc (the â€˜Companyâ€™) makes available a dividend reinvestment plan (â€˜DRIPâ€™) to shareholders who wish to use their cash dividend to purchase shares in the Company.
What is the DRIP?
The DRIP is a low cost way to use your dividend payments to purchase additional shares in the Company, enabling you to increase your shareholding in a convenient and cost-effective manner.
The DRIP is operated by Equiniti Financial Services Limited (â€˜EFSLâ€™). Rather than receiving a dividend cheque or having a bank account credited with a cash dividend payment, EFSL will use the dividends payable to DRIP participants to purchase shares on their behalf in the market, under a special low-cost dealing arrangement.
The fees and charges are located in the DRIP Terms & Conditions.
Joining the DRIP
Any shareholder wishing to join the DRIP should contact EFSL for an application form, using the contact details provided below.
Leaving the DRIP
Any shareholder who is a participant in the DRIP and who wishes to withdraw from the plan should contact EFSL for a revocation form, using the contact details provided below.
DRIP Invitation Booklet
The DRIP Invitation Booklet explains how the DRIP works and what it means for shareholders, including some frequently asked questions.
DRIP Terms & Conditions
The DRIP Terms & Conditions can be accessed here. They are also available in hardcopy through EFSL using the contact details provided below.
Tel: +44 871 384 2990
Textphone: +44 871 384 2255
Calls to 0871 numbers are charged at 8p per minute from a BT landline, calls from mobiles and other networks may vary.
Each of these documents should be considered by shareholders before making any decision regarding the DRIP. Participation in the DRIP is optional and these documents do not constitute advice to join, continue to participate in, or withdraw from the DRIP. If you have any doubt about the action you should take, it is recommended that you consult your stockbroker, solicitor, accountant or other independent professional adviser authorised under the Financial Services and Markets Act 2000.
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