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LLOY Lloyds Banking Group Plc

52.21
0.54 (1.05%)
Last Updated: 09:07:46
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Lloyds Banking Group Plc LSE:LLOY London Ordinary Share GB0008706128 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.54 1.05% 52.21 52.20 52.22 52.43 52.13 52.23 18,906,259 09:07:46
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 23.74B 5.46B 0.0859 6.10 33.3B

U.K. Reduces Stake in Lloyds Banking Group

26/03/2015 7:53am

Dow Jones News


Lloyds Banking (LSE:LLOY)
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By Ian Walker 

LONDON--The U.K. government has reduced its stake in Lloyds Banking Group PLC by a further 1 percentage point to 21.99%, the latest in a series of small sales of shares in the bailed-out bank.

In a London Stock Exchange shareholding notification Lloyds said Thursday that The Commissioners of Her Majesty's Treasury now owns 15.7 billion shares, or 21.99% of the bank's voting rights. It previously held 16.4 billion shares.

No price was disclosed for the share sale, which was conducted on Wednesday.

Lloyds was bailed out by British taxpayers during the financial crisis, with the government taking a 39% stake in the U.K.'s biggest retail bank. The government started selling its shares in Lloyds in late 2013.

After initially selling chunks of Lloyds direct to investors through accelerated placements, the government in December mandated Morgan Stanley to gradually sell stock up to the end of June.

The latest share sale comes just weeks after Lloyds announced its first full-year net profit and dividend payout since it was bailed out, which Chief Executive António Horta-Osório hailed as a symbol of the bank's return to normality following a traumatic few years.

Write to Ian Walker at ian.walker@wsj.com

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