Lloyds Banking (GB:LLOY) has released an update.
Lloyds Banking Group PLC has announced the purchase of 24,472,066 of its own ordinary shares as part of its ongoing share buyback program, with the transaction facilitated by Morgan Stanley & Co. International plc. The shares were acquired at prices ranging from 49.63 to 53.20 pence, with an average cost of 51.409 pence per share. The bank plans to cancel the repurchased shares, indicating a move to potentially increase the value of remaining shares.
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