Lloyds Banking (GB:LLOY) has released an update.
Lloyds Banking Group PLC has announced the purchase of over 53 million of its ordinary shares as part of its ongoing share buyback program, with the intent to cancel the acquired shares. The shares were bought through Morgan Stanley & Co. International plc with prices ranging from 53.32 pence to 54.60 pence per share, averaging at 53.7128 pence. This move is part of the company’s strategy announced earlier in February and reflects ongoing efforts to optimize shareholder value.
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