Lloyds Banking Group Plc (LYG,LLOY.L) announced that the Issue Price at which the New Shares will be offered pursuant to the Rights Issue has been set at 37 pence per New Share.
The Rights Issue comprises the offer of 36.5 billion New Shares at an Issue Price of 37 pence on the basis of 1.34 New Shares for every 1 Existing Ordinary Share held at the Record Date. The expected gross proceeds of the Rights Issue receivable by Lloyds Banking Group total £13.5 billion.
The New Shares will represent 57.3% of the enlarged share capital of Lloyds Banking Group immediately following completion of the Rights Issue and Share Subdivision.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.