Community
Just a thought, but the shareholders of Lloyds, HBOS and RBS presumably will have to pass board resolutions allowing the boards to a) issue the preference shares and b) issue sufficient new ordinary shares to allow the rights issue to happen - they can't possibly have that headroom under their current permissions.
I wonder what would happen if the shareholders refused to pass those resolutions...?
It's going to be interesting to see the paperwork supporting the boards' recommendations to allow these issues.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Paul Quickenden Chief Commercial Officer at Easy Crypto
17 September
Raktim Singh Senior Industry Principal at Infosys
Yamen Bousrih Manager Business Expert at Vermeg
16 September
John Bertrand MD at Tec 8 Limited
15 September
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.