Lloyds Banking ( (GB:LLOY) ) has provided an update.
Lloyds Banking Group PLC announced the purchase of approximately 7.97 million of its ordinary shares as part of its ongoing share buyback program. The shares were acquired at a volume-weighted average price of 73.2389 pence per share and will be canceled. This move is part of the company’s strategy to enhance shareholder value and optimize its capital structure, reflecting its commitment to returning capital to shareholders.
More about Lloyds Banking
Lloyds Banking Group PLC is a prominent financial services company based in the United Kingdom, primarily engaged in providing a wide range of banking and financial services. The company focuses on retail and commercial financial services, serving millions of customers with products like personal and business banking, insurance, and wealth management solutions.
YTD Price Performance: 33.92%
Average Trading Volume: 173,132,403
Technical Sentiment Signal: Sell
Current Market Cap: £44.32B
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