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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 |
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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