Lloyds Banking (GB:LLOY) has released an update.
Lloyds Banking Group PLC has announced the purchase of 44,666,189 of its own ordinary shares at prices ranging between 53.68 pence and 54.40 pence, with an intention to cancel the acquired shares. This move is part of the company’s previously announced share buyback program aimed at returning value to shareholders. The transaction was carried out by their broker, Morgan Stanley & Co. International plc.
For further insights into GB:LLOY stock, check out TipRanks’ Stock Analysis page.
