Lloyds Banking Group has announced the completion of its £2 billion share buyback programme. The programme, which was managed by UBS AG, London Branch, involved the repurchase of 4,386,262,707 ordinary shares between 23 February 2023 and 25 August 2023. The buyback programme was announced on 23 February 2023 and has now been completed in accordance with its terms. The aggregate consideration for the repurchased shares was £2.0 billion. Lloyds Banking Group did not provide any further details or commentary on the completion of the share buyback programme.
This news indicates that Lloyds Banking Group has successfully completed its share buyback programme, which was announced earlier this year. The programme involved the repurchase of a significant number of ordinary shares, totaling £2.0 billion in value. The completion of the programme suggests that Lloyds Banking Group has utilized its available capital to repurchase shares, potentially indicating confidence in the company's financial position and future prospects. However, without additional information or commentary from Lloyds Banking Group, it is difficult to ascertain the specific reasons behind the share buyback and its implications for the company.
Investor Relations contact information is provided for further information. The news release also includes a disclaimer regarding forward-looking statements, highlighting that the information contained in the document includes statements about the Group's future financial position, performance, and goals. These statements are subject to risk and uncertainty and may not necessarily reflect the actual future outcomes. The disclaimer also mentions various factors that could impact the Group's business, including economic conditions, political instability, market risks, regulatory changes, and technological risks.