Lloyds Banking Group Announces Share Buyback Update

Lloyds Banking Group plc (LYG) has provided an update on its ongoing share buyback initiative. The bank has repurchased 40,393,708 of its own ordinary shares, with purchase prices ranging from 56.98 to 58.00 pence per share. The acquired shares are set to be cancelled as part of the program.

This repurchase is in line with Lloyds’ previously announced share buyback plan, which was disclosed on February 23, 2024. Further details regarding the specific trades, executed by Morgan Stanley & Co. International plc on Lloyds’ behalf, are available on the London Stock Exchange.