Lloyds Banking (GB:LLOY) has released an update.
Lloyds Banking Group PLC has reported the purchase of 1,861,470 of its own ordinary shares, with the highest price per share at 58.7 pence and the lowest at 58.26 pence. This action is part of the company’s ongoing share buyback program, aimed at reducing the number of shares in circulation and enhancing shareholder value. Following the buyback, the company plans to cancel the acquired shares.
For further insights into GB:LLOY stock, check out TipRanks’ Stock Analysis page.
