Lloyds Banking (GB:LLOY) has released an update.
Lloyds Banking Group PLC has announced the completion of a share buyback, acquiring 22,657,101 ordinary shares at a volume-weighted average price of 55.7052 pence per share. This move is part of an ongoing share repurchase scheme, with the bank indicating plans to cancel the acquired shares. Such financial maneuvers could indicate the company’s confidence in its current valuation and a potential boon for current shareholders.
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