Lloyds Banking Group (LYG) has released an update.
Lloyds Banking Group plc has announced the purchase of 14,444,418 of its own ordinary shares at a volume weighted average price of 51.4171 pence per share as part of its ongoing share buyback program. The transaction, executed through Morgan Stanley & Co. International plc, is intended to reduce the company’s share capital as the shares are set to be cancelled. This aligns with the company’s previously disclosed buyback plans and further details of the individual trades have been made available through the London Stock Exchange.
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