Lloyds Banking Group Scoops Up Over 4 Million Company Shares, Set to Cancel Them

In a shrewd power move, Lloyds Banking Group PLC has proudly announced the purchase of 4,163,844 of its own ordinary shares from financial giant Morgan Stanley & Co. International. This bold transaction took place on April 17, 2025. The highest price paid per share was 70.8200 pence while the lowest price stood at 69.8000 pence. Consequently, the volume weighted average price paid per share amounted to 69.9624 pence.

This large-scale share buyback forms a major part of the Company’s strategic buyback programme, which they had communicated to their broker on February 20, 2025. Not stopping at acquisition, Lloyds intends to abolish these shares in an act of vigorous market control.

Undoubtedly, this significant transaction and the consequential share cancellation will have noteworthy effects on Lloyds’ market position and investor relations. Full compliance with regulatory terms and conditions was fulfilled in making this transaction. The strategic decision by Lloyds not only reinforces its market presence but also underscores the bank’s confidence in its performance and future progress.