Business
Commencement of Share Buyback Programme
Lloyds Banking Group plc has launched a share buyback programme to repurchase up to £1.75 billion of ordinary shares, commencing on 30 January 2026 and concluding by 31 December 2026, with the sole purpose of reducing its ordinary share capital. The programme, managed by Goldman Sachs International, will see shares purchased as principal and then cancelled, adhering to regulatory requirements and shareholder authority. No repurchases will occur in the United States or for the company's American Depositary Receipts. Disclaimer*
About this update from Lloyds Banking Group Plc
[{"type":"text","content":"\n\n30th January 2026\n \nLLOYDS BANKING GROUP COMMENCES SHARE BUYBACK PROGRAMME\n \nLloyds Banking Group plc (the \"Company\") is today launching a share buyback programme to repurchase up to £1.75 billion of ordinary shares. The Company previously announced its intention to commence the programme on 29 January 2026.\nThe Company has entered into an agreement with Goldman Sachs International (the \"Broker\") to conduct the share buyback programme on its behalf and to make trading decisions under the programme independently of the Company. Under the terms of the programme, the maximum consideration is £1.75 billion. The programme will commence on 30 January 2026 and will end no later than 31 December 2026. The sole purpose of the programme is to reduce the ordinary share capital of the Company.\nThe Broker will purchase the Company's ordinary shares as principal and sell them on to the Company in accordance with the terms of their engagement. The Company intends to cancel the shares it purchases through the programme.\nAny purchases of ordinary shares by the Company in relation to this announcement will be made in accordance with certain pre-set parameters set out in the terms of the Broker's engagement, the general authority of the Company to repurchase shares granted by shareholders at the Company's annual general meeting held on 15 May 2025 (which permits the Company to purchase no more than 6,059,214,381 of the Company's ordinary shares), the EU Market Abuse Regulation (596/2014), the Commission Delegated Regulation (2016/1052), in each case as such legislation forms part of assimilated law (as defined in the EU (Withdrawal) Act 2018), and Chapter 9 of the Financial Conduct Authority's UK Listing Rules. The buyback is subject to the continuing approval of the Prudential Regulatory Authority.\nFor the avoidance of doubt, no repurchases will be made in the United States or in respect of the Company's American Depositary Receipts.\n- END -\n \nFor further information:\n \nInvestor Relations\nDouglas Radcliffe &nbs...