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Lloyds Banking Group Announces Share Buyback
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Lloyds Banking Group Announces Share Buyback

Lloyds Banking Group (LYG) has released an update.

Lloyds Banking Group plc has reported the acquisition of 7,427,043 of its own ordinary shares as part of its ongoing share buyback program, with the intention of canceling them. The buyback was executed at prices ranging from 50.72 to 51.80 pence per share, resulting in a volume weighted average price of 51.4338 pence per share. This transaction is in line with the company’s previously announced plans and is part of their capital return strategy to shareholders.

For further insights into LYG stock, check out TipRanks’ Stock Analysis page.

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