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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 | |
|---|---|---|---|---|---|---|---|---|
| 0.08 | 3.17% | 2.60 | 2.62 | 2.57 | 2.57 | 10,337,572 | 00:27:16 |
From Apr 2019 to Apr 2024
By Ian Walker
LONDON--The U.K. government has reduced its stake in Lloyds Banking Group PLC by a further 1 percentage point to 20.95%, 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 14.96 billion shares, or 20.95% of the bank's voting rights. It previously held 15.7 billion shares.
No price was disclosed for the share sale, which was conducted on Thursday.
Lloyds was bailed out by U.K. 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.
Write to Ian Walker at ian.walker@wsj.com
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