Dividend Reinvestment Plan
Lloyds Banking Group plc (the Company) has re-launched its dividend reinvestment plan (DRIP).
What is the DRIP?
The DRIP is a low cost way to use your dividend payments to purchase additional shares in the Company, enabling you to increase your shareholding in a convenient and cost-effective manner.
The DRIP is operated by Equiniti Financial Services Limited (EFSL). Rather than receiving a dividend cheque or having a bank account credited with a cash dividend payment, ESFL will use the dividends payable to DRIP participants to purchase shares on their behalf in the market, under a special low-cost dealing arrangement.
The fees and charges are located in the DRIP Terms & Conditions.
Joining the DRIP
Any shareholder wishing to join the DRIP should contact EFSL for an application form, using the contact details provided below.
Leaving the DRIP
Any shareholder who is a participant in the DRIP and who wishes to withdraw from the plan should contact EFSL for a revocation form, using the contact details provided below.
Please note - if you hold your shares in the Lloyds Banking Group Shareholder Account (LBGSA) and wish to withdraw from the plan then you must provide bank details to EFSL for the purpose of dividend payments. Failure to provide bank details will result in your shares being withdrawn from the LBGSA and you will be sent a paper share certificate.
Important information regarding the DRIP
DRIP Invitation Booklet
The DRIP Invitation Booklet explains how the DRIP works and what it means for shareholders, including some frequently asked questions. It can be accessed here.
DRIP Terms & Conditions
March 2018 - notice of change to the DRIP terms and conditions
From 30 April 2018, the commission rate charged on the value of shares purchased under the DRIP terms and conditions changed. See below: