Standard & Poor’s today announced it will make the following changes in the S&P Europe 350, S&P United Kingdom and S&P Global 1200 indices, effective after the close of trading on Friday, 12 December 2008:
- HBOS Plc (United Kingdom, SEDOL: 3058750, GICS: Financials, GICS Code: 40101010) and Lloyds TSB Group (United Kingdom, SEDOL: 0870612, GICS: Financials, GICS Code: 40101010), members of the S&P Europe 350, S&P United Kingdom and S&P Global 1200 indices, will undergo a price adjustment to account for the Open Offers announced by the companies, with 15 December, 2008 as the ex-entitlement date. These price adjustments will occur only if the closing prices on Friday, 12 December are higher than the subscription prices of GBP 1.136 and GBP 1.733, for HBOS Plc and Lloyds TSB Group respectively. In determining this treatment, Standard & Poor’s recognizes that the HM Treasury, itself, will acquire any shares not being taken up by qualifying shareholders. Standard & Poor's may adjust shares and the investable weight factor (IWF) once full information on the results of open offers becomes available. An additional announcement, if needed, will follow.
