Lloyds Banking Group plc (LLOY.L,LYG, LLOBF), on Friday launched a share buyback programme to repurchase up to 1.75 billion pounds of its ordinary shares, as previously announced on January 29.
The buyback will commence on January 30 and is expected to conclude no later than December 31.
The programme will be conducted by Goldman Sachs International, which will act independently in making trading decisions.
On Thursday, Lloyds Banking Group closed trading 0.91% higher at 105.45 pence on the London Stock Exchange.
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