Lloyds Banking (GB:LLOY) has released an update.
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Lloyds Banking Group PLC has announced the purchase of 29,001,732 of its own ordinary shares as a part of its ongoing share buyback program, with plans to cancel the acquired shares. The shares were bought through Morgan Stanley & Co. International plc, with prices ranging between 56.38 pence and 57.56 pence per share. This strategic move is aimed at optimizing the company’s capital structure.
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