Lloyds Banking Group PLC - Edinburgh-based lender - Announces results for tender offer of outstanding preference shares first announced on November 10.
For the GBP198.1 million total of 6.475% non-cumulative preference shares, Lloyds will purchase GBP3.7 million, leaving GBP52.8 million outstanding.
In the GBP300.0 million 9.25% non-cumulative irredeemable preference share class, Lloyds will buy back GBP7.2 million in shares, leaving GBP262.7 million outstanding, while in the GBP100 million 9.75% share class the group will repurchase GBP7.2 million, leaving GBP48.6 million remaining.
Current stock price: 49.73 pence
Year-to-date change: up 36%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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