Lloyds Banking (GB:LLOY) has released an update.
Lloyds Banking Group PLC has announced the repurchase of 24.4 million of its ordinary shares at prices ranging between 54.04 pence and 55 pence, with the intention of canceling them. This move is part of an ongoing share buyback program initiated by instructions to their broker on 22 February 2024. The share buyback is seen as a method to return value to shareholders and potentially boost the stock’s value.
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