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| Name | Symbol | Market | Type |
|---|---|---|---|
| Lloyds Banking Group Plc | NYSE:LYG | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.06 | 2.33% | 2.64 | 2.62 | 2.5801 | 2.61 | 9,056,768 | 01:00:00 |
From May 2019 to May 2024
By Ian Walker
LONDON--Lloyds Banking Group PLC (LLOY.LN) Wednesday said the U.K. government has lowered its shareholding in the bank to 2.1 billion shares, or about 2.95% of its issued share capital.
The U.K. government previously held 2.78 billion shares.
No price was disclosed for the share sale, which was conducted on Tuesday. The government is putting money raised from the sale toward reducing the national debt.
Lloyds, the U.K.'s biggest retail bank, was bailed out by U.K. taxpayers during the financial crisis, with the government taking a 39% stake. The government started selling its shares in the bank in late 2013.
Last October, U.K. Treasury Chief Philip Hammond said the government would begin to sell its remaining 9.1% stake in Lloyds in a piecemeal fashion, after withdrawing a planned retail sale, attributing its decision to market volatility.
-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
March 15, 2017 03:31 ET (07:31 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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