Lloyds Banking (GB:LLOY) has released an update.
Lloyds Banking Group PLC has announced the repurchase of 8,896,936 of its ordinary shares on May 13, 2024, as part of its ongoing share buyback program. The shares, acquired through Morgan Stanley at prices ranging from 54.14 pence to 54.50 pence, are set to be canceled by the company. This move is a continuation of the company’s strategy communicated earlier in February and is aimed at enhancing shareholder value.
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