Lloyds Banking (GB:LLOY) has released an update.
Lloyds Banking Group PLC has announced a significant share buyback, with 5,548,926 ordinary shares purchased at prices ranging from 58.9400 to 59.9200 pence per share. The buyback is part of an ongoing program initiated by instructions from February 2024, and the bank plans to cancel the acquired shares. This move is part of the company’s strategy to return value to shareholders and reflects its commitment to managing capital effectively.
For further insights into GB:LLOY stock, check out TipRanks’ Stock Analysis page.
