Lloyds Banking Group Buys Back Own Shares
Ticker: LLOBF · Form: 6-K · Filed: Oct 2, 2024 · CIK: 1160106
| Field | Detail |
|---|---|
| Company | Lloyds Banking Group PLC (LLOBF) |
| Form Type | 6-K |
| Filed Date | Oct 2, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, transaction
Related Tickers: LLOY
TL;DR
LLOY just bought back some of its own stock from Morgan Stanley.
AI Summary
On October 2, 2024, Lloyds Banking Group plc announced its purchase of its own ordinary shares from Morgan Stanley & Co. The filing does not specify the number of shares or the total dollar amount involved in this transaction.
Why It Matters
Share buybacks can signal management's confidence in the company's valuation and potentially increase earnings per share.
Risk Assessment
Risk Level: low — This is a routine disclosure of a share transaction by the company, not indicative of new risks.
Key Players & Entities
- Lloyds Banking Group plc (company) — Filer and subject of the transaction
- Morgan Stanley & Co. (company) — Seller of the shares
- 02 October 2024 (date) — Date of the announcement and transaction
FAQ
What specific number of ordinary shares did Lloyds Banking Group purchase?
The filing announces the purchase of ordinary shares but does not specify the exact number of shares bought.
What was the total dollar amount of the share repurchase from Morgan Stanley?
The filing does not disclose the total dollar amount of the transaction.
What is the purpose of this transaction in own shares?
The filing states it is a 'Transaction in Own Shares' but does not elaborate on the specific strategic purpose.
Is this a new share repurchase program or a part of an ongoing one?
The filing does not provide information on whether this is a new or ongoing program.
Where is Lloyds Banking Group plc headquartered?
Lloyds Banking Group plc is headquartered at 25 Gresham Street, London EC2V 7HN, United Kingdom.
Filing Stats: 417 words · 2 min read · ~1 pages · Grade level 15.6 · Accepted 2024-10-02 13:57:23
Filing Documents
- a7219g.htm (6-K) — 25KB
- 0001654954-24-012638.txt ( ) — 26KB
Signatures
Signatures     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.   LLOYDS BANKING GROUP plc  (Registrant)       By: Douglas Radcliffe Name: Douglas Radcliffe Title: Group Investor Relations Director           Date: 02 October 2024