Lloyds TSB Shares

singingsister

Hiya,

Quick question for you....
My hubby has 199 Lloyds TSB shares which he got when he was a little boy for a birthday present.

Is anyone able to enlighten me with regards to the sitation with Lloyds? My hubby seems to think these shares are now "redundant" as the government owns Lloyds TSB but I'm wondering if he's still able to cash them in.

According to the shares page on the web, each share today is worth about 58p, adding that up £11k is alot of money with a newborn in the house!

Can anyone help us?

JamesU

singingsister wrote: »

Hiya,

Quick question for you....
My hubby has 199 Lloyds TSB shares which he got when he was a little boy for a birthday present.

Is anyone able to enlighten me with regards to the sitation with Lloyds? My hubby seems to think these shares are now "redundant" as the government owns Lloyds TSB but I'm wondering if he's still able to cash them in.

According to the shares page on the web, each share today is worth about 58p, adding that up £11k is alot of money with a newborn in the house!

Can anyone help us?

Your maths do not make sense to me. 199 Lloyds share at 58p each = approxiamtely £115 and not £11,000. I guess I might be missing something here?

In answer to your other questions, yes the Lloyds shares can be cashed in. They shares still exist and they are not redundant. You may have information on who is holding these shares, LLoyds registrars, Equiniti or Computershare most likely, and they can give you the instructions you need to cash them in if you want to do this. Hope this helps.

JamesU

JamesU

singingsister wrote: »

Hiya,

Quick question for you....
My hubby has 199 Lloyds TSB shares which he got when he was a little boy for a birthday present.

Is anyone able to enlighten me with regards to the sitation with Lloyds? My hubby seems to think these shares are now "redundant" as the government owns Lloyds TSB but I'm wondering if he's still able to cash them in.

According to the shares page on the web, each share today is worth about 58p, adding that up £11k is alot of money with a newborn in the house!

Can anyone help us?

Just realised, you probably put in a typing mistake here where £11k = £115. Info as above regarding the shares.

JamesU

singingsister

yes you are right.....smelling error!

6022tivo

Who want to tell him/her what they would of been worth 18 months ago??

King_Weasel

6022tivo wrote: »

Who want to tell him/her what they would of been worth 18 months ago??

That might be where the £11K comes from.

Annisele

They will now be Lloyds Banking Group shares rather than Lloyds TSB shares (assuming they weren't cashed in at any point). I can't remember whether Lloyds TSB shares were exchanged 1:1 for Lloyds Banking Group shares; I think they were, but if I'm wrong he may now have more or less than 199 shares. He needs to give Lloyd's registrar, Equiniti, a call to find out.

Equiniti's contact details are:
Equiniti Limited
Aspect House
Spencer Road
Lancing
West Sussex
BN99 6DA

Tel: 0870 6003990
Textphone: 0870 6003950
Fax: 0870 6003980

If he received the shares as a small child, then there's a chance that it'll take a while to prove that he is the MrSingingSister whom the shares belong to - unless he hasn't moved in a while, Equiniti are unlikely to have his current address so they won't have been writing to him about offers or dividends.

cottager

Annisele wrote: »

They will now be Lloyds Banking Group shares rather than Lloyds TSB shares (assuming they weren't cashed in at any point).

Sorry, don't think this is entirely right. I still have my Lloyds TSB certificate for shares held since the TSB/Lloyds merger in 1995 (they were originally TSB shares from 1987).

Letter of Jan 2009 about the change to Lloyds Banking Group:
As an existing shareholder you will not be issued with a new share certificate in the new name of the company and you should therefore ensure you retain your existing share certificates. However, if you applied for shares under the Placing and Open Offer, or you were also an HBOS shareholder, you will receive the relevant share certificates shortly.

I wasn't an HBOS shareholder and didn't apply for any new shares under the offer, so as far as I'm aware the existing LTSB certificate is still valid. I imagine the OP's husband could be in the same position (unless any HBOS shares were held as well), as it doesn't sound as if they've considered any action with his shares till now.

In May 2009 I received some additional shares from the Capitalisation Issue (1 for 40), and these were in the new name of Lloyds Banking Group. I imagine this could apply to the OP's husband too.

Didn't apply for any of the share entitlement in the Jun 2009 offer so received a cheque equal to 21.45p per share not taken up, 'representing the premium in excess of the offer price of 38.43 per share due to you, minus commission and expenses'. Again this may well apply to the OP's husband.

I did take up the rights issue in December, and obviously these shares are also in the new name. So as it stands there's an LTSB certificate for the original shareholding, and two LBG certificates from May and Dec 2009.

Can confirm the registrar is Equiniti as in Annisele's post, and (assuming the old shares have never been cashed in, as also mentioned) your husband should make contact to see what he may be entitled to and how to cash in the shares, or otherwise update his address/contact details. If the certificate needs sending in for any reason, suggest you keep a copy.

jacquard

We're also finding all the Lloyds changes a minefield.

We have Lloyds Banking Group certificates for ord. 25p shares but websites say shares are now 'ord. 10p shares'. We've asked Equiniti if our 25p certificates are still valid but their replies haven't answered the question asked ... not sure if this is deliberate or just missing the point.

Does anyone know if the ord. 25p certificates are still valid?