hello as i have a few lloylds shares i recieved this email - what does it mean?
***FOR INFORMATION PURPOSES ONLY***
RE: Lloyds Banking Group Bonus Issue
The Company have announced that as part of the HM Treasury recapitalisation scheme, the Group was required to suspend the payment of cash dividends to ordinary shareholders until the HM Treasury Preference Shares issued as part of the scheme are repaid.
In the meantime however, the Board has approved a capitalisation issue of 1 for 40 ordinary shares for shareholders on the register at 8th May 2009.
Timetable of Events
Dealings commence: 11th May 2009
does it mean all share trading is suspended for lloylds?