Under Listing Principle 3 Lloyds should act with integrity towards potential shareholders, has Lloyds breached Listing Principle 3?
Listing Principle 3 requires a (Premium) listed issuer to act with integrity towards shareholders and potential shareholders. Under the Exchange Offer all security holders were provided with the same information and the prospectus met all the disclosure requirements of the Prospectus Rules. Accordingly, on the basis of the information available to us, we believe that Listing Principle 3 has not been breached.
