Lloyds Banking Executes Share Buyback Plan

Lloyds Banking (LYG) has released an update.

Lloyds Banking Group has announced the purchase of 24,241,779 of its own ordinary shares at prices ranging from 57.5600 pence to 58.8400 pence per share, with the average price paid being 58.2534 pence. The transaction is part of the company’s ongoing share buyback program, with an intention to cancel the acquired shares, as per the announcement made earlier in February. This action is part of a strategic effort to manage the company’s capital effectively.

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