UK Financial Investments Limited (UKFI) has disposed of part of HM Treasury’s shareholding in Lloyds Banking Group.
The disposal went to to institutional investors.
The shareholding of HM Treasury will be reduced from 27,608,563,642 ordinary shares, representing approximately 38.7% of the ordinary share capital of the Company, to 23,326,529,533 ordinary shares, representing approximately 32.7% of the ordinary share capital.
Accordingly, the overall size of HM Treasury’s shareholding will be reduced by approximately 15.5%.
The Placing Price was 75.00 pence per share. As a result, the proceeds from the sale of the Placing Shares will be £3,211,525,582.
