Old TSB shares

Barb59

I got some shares when TSB originally 'gave' shares out to people who had accounts with them. I still have these and don't know how I stand with them now that 1) Lloyds TSB has divided up and 2) now that they are selling out. Any ideas?

Vortigern

If the share certificate says "Lloyds TSB" then you are holding Lloyds Bank shares, not TSB.

PaulW922

If they were in the old 'TSB Bank plc' then they are now 'Lloyds Banking Group' shares. They are definitely not shares in the new TSB Bank.

TSB Bank never gave away shares to its customers - they just allowed a lower subscription level (£200 instead of £400 I think) and TSB customers were guaranteed an allocation when the offer had to be scaled back due to high demand. One share in the old 'TSB Bank plc' became 1 share in 'Lloyds TSB Bank' and is now 1 share in 'Lloyds Banking Group'.

The registrar for Lloyds is: Equiniti Limited, Aspect House, Spencer Road
Lancing, West Sussex, BN99 6DA

If you contact them and ask for an update they can advise if you have any dividends due etc (they advent paid any since 2008).

The demerger of the new TSB from Lloyds has no effect on your shares at all, as whilst it is the same name, it is in effect a new bank.